by bondevalue | Dec 1, 2020 | China, Distressed / Defaulted Bonds, Sovereign Bonds
US equities slipped as S&P closed lower by 0.5% while Nasdaq was flat. European equities were much weaker as the FTSE and CAC fell 1.59% and 1.42%, though the DAX held up better with a 0.33% decline. US 10Y Treasury yields stayed nearly unchanged and continued to...
by bondevalue | Nov 30, 2020 | High Yield Bonds, India, Sovereign Bonds
S&P closed higher by 0.2% while Nasdaq outperformed, up 0.9%. US 10Y Treasury yields fell 2bp on Friday while the 2s10s curve steepened over the week by 3bp. This week sees ISM and US payrolls data from the US, preliminary CPI numbers from the Eurozone and PMIs...
by bondevalue | Nov 20, 2020 | Asian Dollar Bonds, China, Sovereign Bonds
S&P inched 0.4% higher and Nasdaq rose 0.9%. Tesla continues to move higher, up over 20% this week continuing its index inclusion rally. US initial jobless claims for the week ending November 14 rose by 31k to 742k, which was also higher than forecasts showing...
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 17, 2020 | Credit Ratings, Distressed / Defaulted Bonds, Sovereign Bonds
S&P continued to make a record high, up 1.2% with Moderna’s vaccine trial showing 94.5% efficacy in preventing Covid in participants. With oil up 3% yesterday, the energy sector led the gains in the broader market up 6% followed by industrials and financials up...
by bondevalue | Nov 6, 2020 | Corporates, Credit Ratings, Sovereign Bonds, U.S. Federal Reserve Bank
US equities continued to rally with the S&P and NASDAQ up 1.9% and 2.6%. Similar gains were seen in European equity indices. The FOMC meeting was a non-event with Chairman Powell noting that they could shift the composition, duration, size or the life cycle of the...
