by Amruth Sundarkumar | Dec 20, 2021 | Insights
Volatility was one word that defined 2021 in global financial markets. Bond markets were no exception to this whether it was the top-down macro backdrop affecting treasury yields or the bottom-up financials and sectoral moves impacting companies. This interactive...
by Amruth Sundarkumar | Dec 20, 2021 | China, Distressed / Defaulted Bonds, Insights
2021 was a year to forget for the Chinese property sector. What started out as a recovery from the pandemic in 2020 turned into a crisis just when the outlook seemed to be stable. The first half of the year was fairly steady – 87% and 81% of developers’...
by Amruth Sundarkumar | Dec 10, 2021 | Distressed / Defaulted Bonds, Insights
China Evergrande has been making the headlines globally as concerns over its financial position grow, with tremors being felt across financial markets all over the world. The company is the most indebted property developer in the world and has liabilities/debt of over...
by Amruth Sundarkumar | Dec 1, 2021 | Insights
November was the third consecutive month where over 70% of dollar bonds in our universe ended the month lower. 72% of dollar bonds delivered a negative price return ex-coupon in November, continuing the woes from October and September where 81% and 86% of the bonds...
by Amruth Sundarkumar | Nov 10, 2021 | Insights
What is TRACE? TRACE (Trade Reporting and Compliance Engine®) is the Financial Industry Regulatory Authority’s (FINRA) fixed income market real-time price reporting and dissemination service. Bond markets predominantly work on an over-the-counter (OTC) basis where a...
by Amruth Sundarkumar | Nov 2, 2021 | Insights
October saw another poor month for bond investors with 81% of dollar bonds in our universe delivering a negative price return ex-coupon, continuing the woes from September where 86% of the bonds were in the red. This comes after June, July and August that saw 54%, 52%...
