Turkey Raises Rates by 2%; Evergrande Bonds Slump on Default Rumors & Lowered Outlook; Strong ESG Bond Supply Continues
S&P, which has been leading Asian markets, ended marginally higher by 0.3% with most sectors in the green. 10Y US Treasury yields were slightly changed and Asian equities are higher by ~0.5% today after several days of losses. US jobless claims once again...
China Huarong Launches $ Bond; US Junk Issuance at Record High of $329.8bn; China to Ease Laws for Foreign Inv in Bonds
US stocks once again took a turn for the worse, falling 2.4% with tech and energy being the culprits again down over 3% and 4.5%. Apple and Amazon were both down over 4%. 10Y US Treasury yields widened by 1bp. Asian equities have followed the path of US stocks, lower...
ECB Relaxes Leverage Ratio for Banks; Spain’s Caixa & Bankia Get Board Approval for Merger; Turkish Lira Falls to Record Low
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....
ICBC, Trafigura Launch $ Bonds; ABN, Rabobank, Europcar Downgraded; China SOEs on Pentagon List Raise $4.3bn in Bonds
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...
