Market Predicts 100% Chance of a Rate Cut in July

Despite the Federal Open Market Committee voting 9-1 to keep the benchmark interest rate in a target range between 2.25 and 2.5%, traders in the fed funds futures markets came in with big bets on the Federal Reserve cutting interest rates aggressively in the months...

read more

Turkey’s Bonds Fall After Moody’s Rating Downgrade

Moody’s Investors Service downgraded the Government of Turkey’s long-term issuer ratings from Ba3 to B1 late last week. The rating agency also downgraded the senior unsecured bond ratings of Hazine Mustesarligi Varlik Kiralama, the wholly owned SPV through which the...

read more

50 bps Rate Cut By End of 2019, Says Fed Funds Futures

U.S. fed funds futures contracts extended their rally and are currently indicating more than half a percentage point of interest rate cuts this year by the Federal Reserve.  Several U.S. primary dealers corroborate these numbers with their prediction of rate cuts in...

read more

Perpetual Bonds – Key Risks to Know Before Investing

Perpetual bonds have became very popular among individual investors, but the question is do you know what you are buying? Here are some of the key risks that you should keep in mind before investing in perpetuals. 1. Redemption Uncertainty Perpetual bonds are a unique...

read more

Bond Rally Cools Off as Asian HY Issuance at Record High

April was a month of cooling off for the Asian bond market after a strong first quarter characterized by dovish Fed commentary, booming bond prices and falling credit spreads. Mark-to-market gains (ex-coupon) for USD denominated bonds in the BEV universe stood at $4.7...

read more

Indian Dollar Bond Issuance Set to Surpass 2017 Record

India Inc’s overseas dollar bond issuances have already surpassed last year’s total of $6.3 billion in just the first 4 months of 2019 with $9.9 billion raised by companies from a range of industries such as State Bank of India ($1.25 billion), Shriram Transport...

read more
Show Buttons
Hide Buttons