by Amruth Sundarkumar | Jun 1, 2023 | High Yield Bonds, Insights, Investment Grade Bonds
The month of May saw a reversal in fortunes for bond markets after a cheerful first quarter and its extended run in April. 79% of dollar bonds in our universe ended May in the red (ex-coupon) as compared to 81% that ended April in the green. Of this, Investment Grade...
by Amruth Sundarkumar | May 2, 2023 | High Yield Bonds, Insights, Investment Grade Bonds
The month of April was yet another positive one for bond markets as 81% of the dollar bonds in our universe ended in the green (ex-coupon). 89% of all Investment Grade (IG) dollar bonds in our universe ended April in the green, outperforming the High Yield (HY)...
by Amruth Sundarkumar | Apr 19, 2023 | Banks, Insights, Perpetual Bonds
Following the historic write-off of Credit Suisse’s AT1 debt, non-call risk of the broader bank AT1 universe has been in focus. While market participants often assume that AT1s will be called on their first call date, that is not always the case. There have been...
by Amruth Sundarkumar | Apr 5, 2023 | Banks, Financial Institutions, Insights, Perpetual Bonds
The historic write-off of Credit Suisse’s AT1 bonds has rattled bond markets and private investors in particular, who commonly own AT1 bonds. This has seen a ripple effect across the broader European AT1 market with prices of several bank AT1s trading at lower...
by Amruth Sundarkumar | Apr 3, 2023 | Insights
The first quarter of 2023 was broadly a cheerful one for bond investors with 75% of dollar bonds in our universe delivering a positive price return (ex-coupon). However, the quarter came with its share of bumps, particularly in March with the collapse of Silicon...
by Amruth Sundarkumar | Mar 1, 2023 | High Yield Bonds, Insights, Investment Grade Bonds, Macroeconomic news
The month of February saw a reversal in fortunes for bond investors after a stellar performance in January, with 85% of the dollar bonds in our universe delivering a negative price return (ex-coupon). This was largely on the back of a sharp rise in benchmark yields...
