Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equities ended lower with the S&P and Nasdaq down 0.3% and 1.3%. Sectoral gains were led by Energy, up 1.8% and losses by Communication Services and IT, down over 1.1%. US 10Y Treasury yields jumped 7bp to 1.62% after Jay Powell’s nomination for a second...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equities ended mixed with the S&P down 0.1% and Nasdaq up 0.4%. Sectoral moves were led by IT, up 0.8% and Energy, down 3.9%. US 10Y Treasury yields were 4bp lower at 1.55%. European markets were trading slightly weak with the DAX, CAC and FTSE down 0.4-0.5%...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equities ended higher with the S&P and Nasdaq up 0.3% and 0.5% each. Sectoral gains were led by Consumer Discretionary up 1.5% and IT up 1%. US 10Y Treasury yields were 1bp higher at 1.59%. European markets were trading slightly weak with the DAX, CAC and FTSE...
Turkey Cuts Rates Again, Bonds Trade Weaker
Turkey’s central bank cut its one-week repo rate again on Thursday, this time by 100bp to 15% in line with the median estimate in a Bloomberg poll of 24 economists. This further underscores President Erdogan’s clout in pushing for cheaper borrowing costs...
