by bondevalue | Nov 23, 2020 | China, Credit Ratings, Sovereigns
S&P closed lower by 0.7% and Nasdaq down 0.4% with IT, financials and industrials dragging the broader market lower on Friday. US 10Y Treasury yields were almost unchanged on Friday and the 2s10s curve flattened over the week by 5bp. This week sees preliminary...
by bondevalue | Nov 20, 2020 | Asian Dollar Bonds, China, Sovereign Bonds
S&P inched 0.4% higher and Nasdaq rose 0.9%. Tesla continues to move higher, up over 20% this week continuing its index inclusion rally. US initial jobless claims for the week ending November 14 rose by 31k to 742k, which was also higher than forecasts showing...
by bondevalue | Nov 13, 2020 | China, Distressed / Defaulted Bonds, Perpetual Bonds
S&P and Nasdaq posted losses of 1% and 0.65% yesterday. Sectors that dragged the broad market included energy down 3.3% while utilities and financials were down 1.7% each. Both headline and core CPI came in softer than expected while jobless claims numbers printed...
by bondevalue | Nov 12, 2020 | China, Credit Ratings, Investment Grade Bonds, Sovereigns
S&P ended higher, up 0.8% while Nasdaq took a breather from the prior few days of sell-off as it rallied 2% with big tech stocks leading the way. The DAX and CAC rose 0.4-0.5% while the FTSE 100 outperformed, up 1.3%. US CPI for October and weekly jobless claims...
by bondevalue | Sep 22, 2020 | China, Financial Institution Bonds, Investment Grade Bonds
S&P ended 1.16% lower after making a late stage recovery as Nasdaq100 made back losses earlier in the day to end 0.40% up – major drag was seen in financials, industrials and energy down 2.5%, 3.4% and 3.3% respectively. Apple and Microsoft were up 3.03% and 1.07%...
by bondevalue | Sep 21, 2020 | China, Investment Grade Bonds, Sovereign Bonds
US stocks fell further with the S&P ending 1.12% lower on Friday, quadruple witching day – the day when index futures, index options, stock options and stock futures expire. Apple, Alphabet and Amazon had losses of 3.17%, 2.42% and 1.79% respectively with both...
