by bondevalue | Sep 18, 2020 | European Central Bank, Financial Institution Bonds, Macroeconomic news
US stocks had another down session with S&P ending 0.84% lower while the 10Y Treasury yields were almost unchanged after moving 4bp lower mid-day. Laggards again included big tech like Apple, Amazon and Facebook with losses of 1.6%, 2.3% and 3.3% respectively....
by bondevalue | Sep 16, 2020 | Distressed / Defaulted Bonds, Hong Kong, Investment Grade Bonds, Macroeconomic news
Better economic data improved sentiment and lifted US and European markets as the FOMC meeting got underway. US factory output climbed 1% and Germany’s ZEW economic sentiment index came at 77.4 vs. 71.5 expected. Investors will look to the Fed meeting for...
by bondevalue | Sep 11, 2020 | China, European Central Bank, Global, High Yield Bonds, Macroeconomic news
Wall Street dropped on Thursday led by technology stocks as US weekly jobless data showed sluggishness in the pace of the economic recovery. Initial claims came unchanged at 884,000 (above 846,000 expected) and the rejection of the $300bn coronavirus aid package by...
by bondevalue | Sep 8, 2020 | European Central Bank, Global, High Yield Bonds, Macroeconomic news, Sovereign Bonds
With the US on holiday due to Labor Day, Asian markets can get support this morning from a sizable rally in the European markets on growing hopes for a coronavirus vaccine and positive economic data. Major European indices broke a three day losing streak and were...
by bondevalue | Sep 2, 2020 | Bank of Japan, Financial Institution Bonds, Macroeconomic news, People's Bank of China
WallStreet continues the rally with encouraging economic data and progress in the US fiscal stimulus talks making major indices hit new records. The US ISM manufacturing index for August rose to 56 from 54.2 which was larger than expected. Nasdaq continues to...
by bondevalue | Sep 1, 2020 | High Yield Bonds, Macroeconomic news, Southeast Asia
Western markets ended the month on a mixed note with huge rallies in Apple and Tesla that surged 3.4% and 12.6% respectively after their stock splits. This caused the Nasdaq to climb 0.68%, closing it almost 20% above the pre-covid peak. Despite spikes in coronavirus...
