by bondevalue | Nov 27, 2020 | Corporates, European Central Bank, India
US markets were closed on account of Thanksgiving while European equities were flat. German 10Y Bund yields fell 3bp to -0.59% with dovish messaging from ECB Chief Economist Philip Lane and the minutes of their October meeting leading to some expectations of stimulus...
by bondevalue | Nov 6, 2020 | Corporates, Credit Ratings, Sovereign Bonds, U.S. Federal Reserve Bank
US equities continued to rally with the S&P and NASDAQ up 1.9% and 2.6%. Similar gains were seen in European equity indices. The FOMC meeting was a non-event with Chairman Powell noting that they could shift the composition, duration, size or the life cycle of the...
by bondevalue | Oct 14, 2020 | China, High Yield Bonds, Macroeconomic news, People's Bank of China, Sovereign Bonds
S&P took a breather, ending lower by 0.6% after four days of rally with financials and energy sectors leading the move. Apple ended 2.6% lower while falling almost 7% mid-day after the 5G iPhone event launch. Citi and JP Morgan beat estimates in their Q3 earnings...
by bondevalue | Oct 13, 2020 | Financial Institutions, Financial News, Global, High Yield Bonds, People's Bank of China, Perpetual Bonds
S&P trended up by 1.6% led by tech and consumer discretionary sectors, which were higher by ~2.5%. Apple and Amazon were up 6.3% and 4.8% respectively ahead of their respective 5G iPhone launch and Prime Day events. US big banks to report Q3 earnings in the...
by bondevalue | Oct 12, 2020 | Global, High Yield Bonds, Macroeconomic news
S&P ended up 0.9% on Friday led by tech and consumer discretionary sectors up ~1.5%. 10Y US Treasury yields moved 3bp higher mid-day but came back to end almost unchanged. Market activity in the US is expected to be light today due to the Columbus Day holiday...
by bondevalue | Oct 8, 2020 | European Central Bank, High Yield Bonds, Macroeconomic news, People's Bank of China, Sovereign Bonds
A day after disappointment from Trump on calling off negotiations for a relief bill, US equities moved higher by 1.7% with Nasdaq higher by 1.9%, industrials and consumer discretionary sectors up over 2.2%. The rally in equities has been attributed to Trump expressing...
