HY Bonds Outperform in Sept Amid Record 9M19 Issuance

The month of September was mixed for bond investors with 41% of bonds in the BEV universe having a positive price return (ex-coupon), while 59% delivered a negative price return. It was a month of recovery for high-yield (HY) bonds, which saw a sell-off during July...

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India’s Yes Bank Bonds Sell-off After Shares Collapsed

Yes Bank Ltd., one of India’s largest private sector lenders, saw its dollar bonds sell-off by a record 5.5 cents to 80.9 cents on the dollar, the lowest since the bonds were sold in 2018. This was on the back of investor concerns over the health of India’s finance...

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Hong Kong’s Rating Outlook by Moody’s Turns Negative

Hong Kong’s rating outlook has been downgraded by Moody’s to “negative” from “stable” as a result of the weakening of the Special Administrative Region’s (SAR’s) institutions amid ongoing protests in the city. The international credit agency has affirmed Hong Kong’s...

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Flight to Quality Continues for Bond Investors

Bond investors continued to move towards safety and quality amid negative sentiment world over. US President Trump upped the ante on the trade war with additional tariffs on US$ 300 billion in Chinese imports. Protests in Hong Kong continued to disrupt the peace and...

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US Ultra-Long Treasury Bonds Likely to Meet Resistance

The U.S. government's most recent re-look at plans to issue treasuries beyond 30-years will likely not only encounter resistance from the Treasury Borrowing Advisory Committee but also risk unsettling markets. This Committee, who advises Treasury Secretary Steven...

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