by bondevalue | Jan 12, 2021 | China, Financial Institutions, India
S&P and Nasdaq saw their rallies come to a halt with the indexes down 0.7% and 1.3% on Monday. Tesla fell 7.8% while Twitter fell 6.4% after permanently suspending Trump’s account. European equities also had a similar move, down 0.3-0.8%. While elements of...
by bondevalue | Jan 7, 2021 | China, Financial Institutions, India, U.S. Treasury Yield
The S&P rose by 0.6% while Nasdaq fell 0.6% as the Georgia senate run-offs went in favor of the Democrats – financials and industrials rallied while tech was down given increased prospects of regulatory scrutiny and tax increases. The US Treasury 10Y sold-off as...
by bondevalue | Jan 6, 2021 | Financial Institutions, Hong Kong, Perpetual Bonds, Sovereign Bonds
S&P was up 0.7%, led by the energy and tech sectors. US ISM Manufacturing PMI printed at 60.7, strongly beating expectations of 56.6. European equities on the other hand were lower ~0.5% as Covid cases and related lockdown fears affected sentiment. US 10Y Treasury...
by bondevalue | Dec 21, 2020 | China, Financial Institutions, U.S. Federal Reserve Bank
S&P ended 0.4% lower on Friday while Nasdaq was 0.1% lower. European equities also showed a similar picture, with the DAX, CAC and FTSE down 0.3%-0.4%. China threatened to impose countermeasures after US decided to blacklist more than 60 Chinese companies. “Such...
by bondevalue | Dec 11, 2020 | Credit Ratings, European Central Bank, Financial Institutions, Perpetual Bonds
S&P ended marginally lower by 0.13% while Nasdaq was up 0.5%. The energy sector was the top gainer in the broad market, up ~3% with Brent Crude touching the $50 mark for the first time since March. US 10Y yields moved lower 1bp as the weekly jobless claims jumped...
by bondevalue | Dec 3, 2020 | Financial Institutions, Perpetual Bonds, Sovereign Bonds
S&P recovered losses early on to end 0.2% higher while Nasdaq closed flat. On the data front, the US ADP report showed a pick-up of 307k private sector jobs last month vs. expectations of 410k. US 10Y Treasury yields were up 2bp. US House Majority Leader Steny...
