by bondevalue | Feb 9, 2021 | Financial Institutions, Investment Grade Bonds
Japanese conglomerate SoftBank reported strong earnings for the quarter ended December 31 with profits of $11bn, of which $8bn was from its Vision Fund in a rather interesting presentation referencing a goose and golden eggs. The $100bn Vision Fund’s 82 investments...
by bondevalue | Feb 2, 2021 | Financial Institutions, Perpetual Bonds
Swiss investment bank UBS raised $1.5bn via a perpetual non-call 10Y (PerpNC10) bond on Monday at a yield of 4.375%. While order book details were not available at the time of writing, investor demand seemed strong based on the 62.5bp tightening. UBS started marketing...
by bondevalue | Jan 26, 2021 | Corporates
Seven aircraft leasing companies have raised $14.9bn this January thus far, given the confidence in robustness of the travel sector, as per data from Dealogic. “Out of the whole travel sector they are probably one of the better positioned…It’ll be a while before...
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...
