by bondevalue | Nov 18, 2020 | Corporates, Sovereign Bonds
US markets ended lower with the S&P down 0.5% and Nasdaq down 0.2% as most sectors were in the red, led by utilities down 2%. US Retail Sales for October climbed 0.3% vs 0.5% estimated whereas core retail sales were up 0.2% vs 0.6% estimated. With weaker momentum...
by bondevalue | Nov 13, 2020 | China, Distressed / Defaulted Bonds, Perpetual Bonds
S&P and Nasdaq posted losses of 1% and 0.65% yesterday. Sectors that dragged the broad market included energy down 3.3% while utilities and financials were down 1.7% each. Both headline and core CPI came in softer than expected while jobless claims numbers printed...
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 | Sep 3, 2020 | Global, Investment Grade Bonds, Perpetual Bonds, Sovereign Bonds
Despite a disappointing ADP employment report (428,000 vs 950,000 expected), Wall Street continued its rally setting new record highs overnight. Factory orders for August were up 6.4% vs an expected 6% and the Fed’s Beige Book survey revealed a modest increase...
by bondevalue | Jun 15, 2020 | Asian Dollar Bonds, Corporates, Financial Institutions, Global, Global, India, Perpetual Bonds, Sovereigns
Last week ended with a positive tone despite Thursday’s huge drop across the board. Markets are still cautious this morning and doubts over a quick recovery persist especially with news coming out over the weekend about rising coronavirus cases in some US...
by bondevalue | Jun 9, 2020 | Asian Dollar Bonds, Credit Ratings, Financial Institution Bonds, Financial News, Global, Global, Perpetual Bonds
Monday saw an extension of the rally sparked by Friday’s NFP jump with US stock indices returning to profit for 2020. European stocks saw some profit taking following last week’s huge gains. Long dated US treasuries recovered a little after the sharp sell...
