by bondevalue | Oct 13, 2020 | Financial Institutions, Financial News, Global, High Yield Bonds, People's Bank of China, Perpetual Bonds
S&P trended up by 1.6% led by tech and consumer discretionary sectors, which were higher by ~2.5%. Apple and Amazon were up 6.3% and 4.8% respectively ahead of their respective 5G iPhone launch and Prime Day events. US big banks to report Q3 earnings in the...
by bondevalue | Oct 12, 2020 | Global, High Yield Bonds, Macroeconomic news
S&P ended up 0.9% on Friday led by tech and consumer discretionary sectors up ~1.5%. 10Y US Treasury yields moved 3bp higher mid-day but came back to end almost unchanged. Market activity in the US is expected to be light today due to the Columbus Day holiday...
by bondevalue | Oct 7, 2020 | Global, High Yield Bonds, Macroeconomic news
US equities dropped yesterday with S&P down 1.4% as tech (down 1.6%) and other sectors fell after Trump halted negotiations with Democrats on the Covid-relief stimulus until after the elections. Aviation fell sharply with Boeing and American Airlines down 7% and...
by bondevalue | Sep 24, 2020 | Global, High Yield Bonds, Macroeconomic news, People's Bank of China
US stocks once again took a turn for the worse, falling 2.4% with tech and energy being the culprits again down over 3% and 4.5%. Apple and Amazon were both down over 4%. 10Y US Treasury yields widened by 1bp. Asian equities have followed the path of US stocks, lower...
by bondevalue | Sep 23, 2020 | Financial News, Global, High Yield Bonds, Sovereign Bonds
S&P ended 1.05% higher led by tech and most sectors barring financials and energy, which lagged ~1%. Amazon led big-name tech, up by 5.7% while Facebook and Microsoft closed higher by 2.7% and 2.4% respectively. The 10Y Treasury yield was relatively unchanged and...
by bondevalue | Sep 11, 2020 | China, European Central Bank, Global, High Yield Bonds, Macroeconomic news
Wall Street dropped on Thursday led by technology stocks as US weekly jobless data showed sluggishness in the pace of the economic recovery. Initial claims came unchanged at 884,000 (above 846,000 expected) and the rejection of the $300bn coronavirus aid package by...
