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 10, 2020 | China, Corporates, Distressed / Defaulted Bonds, India
US equities fell after opening higher with S&P down 0.8% and Nasdaq down 1.9%. Energy and industrials were the only sectors in the green up 0.3%. Tesla fell 7% while Amazon and Apple shares were down over 2%. Facebook slumped 1.9% after the US Federal Trade...
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...
by bondevalue | Dec 2, 2020 | Corporates, Hong Kong, India, Perpetual Bonds
S&P and Nasdaq closed 1.1% and 1.3% higher with DAX and CAC also higher by 0.7% and 1.1%. On the data front, China’s Caixin/Markit Manufacturing PMI surprised at 54.9 from October’s 53.6 while both the US and Germany’s ISM and PMI Manufacturing showed resilience...
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...
