by bondevalue | Jun 8, 2020 | Asian Dollar Bonds, China, Corporates, Financial News, Global, Global, Hong Kong, Interest Rate Trends, Sovereign Bonds, Sovereigns, U.S. Federal Reserve Bank, U.S. Treasury Yield
31% of dollar bonds in our universe are trading higher today vs. the start of the year (full story below). Friday’s Non-Farm Payroll (NFP) number of +2.5mn vs. an expected -7.5mn gave a 10mn upside surprise that caused a sharp rally in equity markets and...
by bondevalue | Jun 4, 2020 | Asian Dollar Bonds, Corporates, Financial News, Global, Global, Sovereigns, U.S. Federal Reserve Bank
Markets continue their rally overnight as expectations of a safe reopening are bolstered. US private sector jobs declined by 2.76mn, far lower than the expected 9mn number. Although not as accurate, this number bodes well for Friday’s Non Farm Payroll and...
by bondevalue | Mar 24, 2020 | Investment Grade Bonds, U.S. Federal Reserve Bank
Financial markets are rallying this morning after the US Federal Reserve announced new measures, implying unlimited quantitative easing to support the flow of credit to households and businesses. Treasuries had a choppy session ending the day mostly unchanged. This...
by bondevalue | Dec 13, 2019 | Interest Rate Trends, U.S. Federal Reserve Bank, U.S. Treasury Yield
The US Federal Reserve left the fed funds rate range unchanged earlier this week at 1.50% to 1.75%, indicating that it intends to remain sidelined for the moment. Both comments made by Fed Chairman Jerome Powell and the Fed statement confirmed this as the central...
by bondevalue | Nov 2, 2019 | Interest Rate Trends, U.S. Federal Reserve Bank, U.S. Treasury Yield
The Federal Open Market Committee (FOMC) voted to lower its benchmark funds rate, which governs what banks charge each other for overnight lending and also most forms of revolving consumer credit, in its October 30 meeting. The quarter-point cut, leaving the fed funds...
by bondevalue | Jul 2, 2019 | U.S. Federal Reserve Bank
Despite the Federal Open Market Committee voting 9-1 to keep the benchmark interest rate in a target range between 2.25 and 2.5%, traders in the fed funds futures markets came in with big bets on the Federal Reserve cutting interest rates aggressively in the months...
