Rise in Long UST Yields Leads to Fall in Prices of High-Rated Long-Dated Bonds
Long-dated bonds of highly rated companies and sovereigns fell on Monday as benchmark 30Y US Treasury yields rose over 7bp. As can be observed in the table above, bond yields rose by double digits with the primary contributing factor being the rise in Treasury yields,...
Cemex, FAB, NWD, Times Among New $ Bonds Priced; CFLD $ Bonds Continue to Slide; Evergrande Paid a Premium on Buybacks in 4Q20
US equities rallied as the S&P inched higher by 1.5% with financials and tech rallying over 2.5%. JP Morgan Chase shares rallied 3.3% while Tesla was up ~8% (with Elon Musk overtaking Jeff Bezos as the wealthiest person). US ISM non-manufacturing for the last...
Haidilao, Times, NWD Among New $ Deals Launched; SBI, Shriram, Emirates NDB Price $ Bonds; CFLD Bonds Fall 5%
The S&P rose by 0.6% while Nasdaq fell 0.6% as the Georgia senate run-offs went in favor of the Democrats – financials and industrials rallied while tech was down given increased prospects of regulatory scrutiny and tax increases. The US Treasury 10Y sold-off as...
Xuzhou ETDZ Launches $ Bond; Treasuries Rally; CK Hutch to Sell EU Towers for $11.7bn; LMIRT Downgraded to BB-
S&P and NASDAQ rallied 2.2% and 3.8% on Wednesday. Tech stocks rallied sharply – Amazon and Google traded up over 6% while Apple and Microsoft up over 4%. Similar gains were seen in the UK and Europe with the FTSE, DAX and CAC up 1.7%-2.5%. US ISM...
