by bondevalue | Aug 27, 2020 | Bank of England, China, Investment Grade Bonds, Macroeconomic news, U.S. Federal Reserve Bank
Western markets had a strong rally overnight with Nasdaq and S&P touching new record highs. Gains were led by stocks such as Netflix, SalesForce and Facebook. Sentiment was upbeat as updates on Moderna’s coronavirus drug showed immune responses in young and older...
by bondevalue | Aug 4, 2020 | China, Global, Investment Grade Bonds, Macroeconomic news, U.S. Federal Reserve Bank
Strong manufacturing activity in July lifted sentiment and saw western markets rally overnight. Eurozone and UK IHS Markit’s July PMIs climbed to 51.8 (vs 47.4 in June) and 53.3 (vs 50.1 in June) respectively while UK services PMI jumped to 59.3. This data along...
by bondevalue | Jul 27, 2020 | China, Distressed / Defaulted Bonds, Investment Grade Bonds
An uptick in daily coronavirus fatalities in the US combined with rising US-China tensions caused a downtick in Wall Street on Friday. European shares did worse with major indices down 1-2%. Treasuries were mostly unchanged as safe haven demand was offset by the...
by bondevalue | Jun 29, 2018 | China, China, Financial News, High Yield Bonds, Investment Grade Bonds
In more negative news for China’s developers, the National Development and Reform Commission (“NDRC”) is considering a ban on the sale of dollar bonds with tenors of less than 1 year. Over the past 2 years, the country’s real estate companies...
by bondevalue | May 22, 2018 | China, Financial News, Investment Grade Bonds
China Vanke Co. (“Vanke”) priced a 5-year U.S. dollar floating rate bond at the end of last week amid volatile markets characterised by rising funding costs resulting from a deluge of supply from the China real estate sector. Chinese developers have been...
by bondevalue | Mar 8, 2018 | China, Financial News, Investment Grade Bonds
China National Chemical Corporation (ChemChina) priced a 6-tranche transaction yesterday, comprising of US dollar-denominated bonds in 5 tenors as well as a Euro-denominated bond. Leading up to the sale, the state-owned company’s US dollar curve sold off as investors...
