Sri Lanka Defaults on Dollar Bonds. Track Sri Lanka Bonds & News
Sri Lanka had announced suspension of payments on its $51bn external debt calling it a “last resort” emergency measure, pending restructuring. Its creditors, including foreign governments, are free to capitalize any interest payments due or opt to be paid...
August 2022: High Yield Bonds Outperform Investment Grade Peers as Benchmark Rates Soar
The month of August was a tale of two divergent performances – 80% of all Investment Grade (IG) dollar bonds in our universe ended the month in the red and in contrast, 58% of High Yield (HY) ended the month higher. The credit risk focused junk bond segment thus...
July 2022: Investment Grade Dollar Bonds Outperform as Curve Shifts Down
The month of July was broadly positive for bondholders with 67% of dollar bonds in our universe delivering a positive price return (ex-coupon). Investment grade (IG) bonds outperformed, with 77% of all IG dollar bonds ending July in the green vs. 51% of high yield...
Q2 2022: Aggressive Central Bank Policy and Inflation Roil Bond Markets
The second quarter of 2022 saw a marked drop in fortunes as 95% of all dollar bonds in our universe delivered a negative price return ex-coupon. This was following a similarly dismal Q1, when geopolitical risks and rising inflation pushed bond prices lower. Moving...
