by bondevalue | Jul 2, 2020 | Corporates, Credit Ratings, Distressed / Defaulted Bonds, Financial News, Global, Global, High Yield Bonds, Interest Rate Trends, Investment Grade Bonds, Sovereigns, U.S. Federal Reserve Bank, U.S. Treasury Yield
Sentiment picks up as positive news about an early vaccine trial along with good economic data sent Wall Street higher. Nasdaq hit a new record. US ISM manufacturing data came in better than expected and rose to 52.6 in June from 43.1 in May. China’s Caixin PMI...
by bondevalue | Jun 8, 2020 | Asian Dollar Bonds, China, Corporates, Financial News, Global, Global, Hong Kong, Interest Rate Trends, Sovereign Bonds, Sovereigns, U.S. Federal Reserve Bank, U.S. Treasury Yield
31% of dollar bonds in our universe are trading higher today vs. the start of the year (full story below). Friday’s Non-Farm Payroll (NFP) number of +2.5mn vs. an expected -7.5mn gave a 10mn upside surprise that caused a sharp rally in equity markets and...
by bondevalue | Dec 13, 2019 | Interest Rate Trends, U.S. Federal Reserve Bank, U.S. Treasury Yield
The US Federal Reserve left the fed funds rate range unchanged earlier this week at 1.50% to 1.75%, indicating that it intends to remain sidelined for the moment. Both comments made by Fed Chairman Jerome Powell and the Fed statement confirmed this as the central...
by bondevalue | Nov 2, 2019 | Interest Rate Trends, U.S. Federal Reserve Bank, U.S. Treasury Yield
The Federal Open Market Committee (FOMC) voted to lower its benchmark funds rate, which governs what banks charge each other for overnight lending and also most forms of revolving consumer credit, in its October 30 meeting. The quarter-point cut, leaving the fed funds...
by bondevalue | Sep 2, 2019 | U.S. Treasury Yield
The U.S. government’s most recent re-look at plans to issue treasuries beyond 30-years will likely not only encounter resistance from the Treasury Borrowing Advisory Committee but also risk unsettling markets. This Committee, who advises Treasury Secretary...
by bondevalue | Dec 10, 2018 | Financial News, Interest Rate Trends, Macroeconomic news, U.S. Federal Reserve Bank, U.S. Treasury Yield
Fed Governor Lael Brainard, speaking on the last day before officials enter a blackout period for public comment ahead of their 18-19 December meeting, reiterated an argument for more gradual rate hikes in the “near term”, a message that her colleagues...
