by bondevalue | Aug 24, 2020 | China, Distressed / Defaulted Bonds, High Yield Bonds
Strong economic data in the US supported Wall Street to close higher on Friday. IHS Markit flash composite PMI for August was up 4.4 points to 54.7 and a 24.7% jump in existing home sales supported investor sentiment after a slightly higher than expected initial...
by bondevalue | Aug 14, 2020 | China, Global, High Yield Bonds, Investment Grade Bonds
Asian markets are opening with a lack of direction after a mixed session overnight. Initial jobless claims in the US declined by 228K to 963K indicating a continued recovery although only 9.3 million out of the 22 million jobs lost earlier this year have been...
by bondevalue | Jul 28, 2020 | China, Global, High Yield Bonds
Wall Street rallied on expectations of a congressional approval of further stimulus and a dovish Fed this week. The new package of $1tn, which is in the works still has some opposition from fiscal conservatives as well as the Democrats who passed a $3tn plan back in...
by bondevalue | Jul 8, 2020 | China, Global, High Yield Bonds, India, Investment Grade Bonds
Wall Street broke its streak last night with the S&P down 1.08% as new spikes across the US fanned concerns that business re-openings may be scaled back. The Dow Jones was down 1.51% and the Nasdaq was down 0.86% after hitting a record intraday high. European...
by bondevalue | Jul 3, 2020 | Asian Dollar Bonds, China, Corporates, Credit Ratings, Global, Global, High Yield Bonds, Investment Grade Bonds
Stronger than expected US NFP data of 4.8 million in June vs 3 million expected gave a knee-jerk rally for stocks. The unemployment rate also fell to 11.1% from 13.3% last month. The intraday rally was short-lived and reversed much of the gains as many are concerned...
by bondevalue | Jun 23, 2020 | Asian Dollar Bonds, China, Credit Ratings, Financial News, Global, Global, High Yield Bonds, India, Investment Grade Bonds
Markets started this week on a positive tone as investors look towards recovery as we get closer to quarter end. Economic growth and data this quarter have been some of the worst but markets have seen a record return primarily driven by central bank stimulus’...
