OCBC US, China Merchants Bank, BOSC Launch $ Bonds; Chinese Government Bonds Likely To Be Included In WGBI Later This Month, Triggering Huge Inflows

OCBC US, China Merchants Bank, BOSC Launch $ Bonds; Chinese Government Bonds Likely To Be Included In WGBI Later This Month, Triggering Huge Inflows

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...
ICBC Singapore, Fujian Yango Launch $ Bonds; Argentina Gets Near-Unanimous Backing For Deal Restructuring; BUMA’s Credit Quality Under Moody’s Lens

ICBC Singapore, Fujian Yango Launch $ Bonds; Argentina Gets Near-Unanimous Backing For Deal Restructuring; BUMA’s Credit Quality Under Moody’s Lens

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...
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