by Amruth Sundarkumar | Oct 3, 2022 | High Yield Bonds, Insights, Investment Grade Bonds
The third quarter of 2022 saw a marked drop in fortunes as 94% of all dollar bonds in our universe delivered a negative price return ex-coupon. Bond investors lost a staggering $105bn in terms of notional losses, calculated as the sum of Q3 price returns multiplied by...
by Amruth Sundarkumar | Sep 28, 2022 | Insights, Sovereign Bonds, Sovereigns
Timeline and Latest Updates September 28, 2022: Russia’s gas producer Gazprom said that its EBITDA for 1H 2022 more than doubled to RUB 3tn ($52.5bn) and average exporting gas prices increased more than 3.5x YoY. The company said that it reported a record net profit...
by Amruth Sundarkumar | Sep 26, 2022 | Insights, Sovereign Bonds, Sovereigns
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...
by Amruth Sundarkumar | Sep 2, 2022 | High Yield Bonds, Insights, Investment Grade Bonds
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...
by Amruth Sundarkumar | Aug 1, 2022 | Insights
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...
by Amruth Sundarkumar | Jul 4, 2022 | High Yield Bonds, Insights, Investment Grade Bonds
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...
