Wheelock, BOC Aviation Launch $ Bonds; CFLD Downgraded; CAR Inc Upgraded; SIA Raises $500mn via Debut $ Bond; Spain Raises €10bn via 10Y Bond
US equities ended slightly higher as S&P and Nasdaq were up 0.2% and 0.4% respectively. The US House voted to impeach Trump for the Capitol Hill riots. US 10Y Treasury yields eased 4.6bp to go below 1.10% even as consumer price inflation (CPI) beat expectations at...
SIA, Nippon Life Launch $ Bonds; CFLD’s Woes Spillover to Greenland’s $ Bonds; Ford to Close Brazilian Plants
S&P ended the day flat while Nasdaq inched 0.3% higher. While the broad indexes were marginally higher, energy and financial sectors rallied, up 3.5% and 1% with Brent Crude at a 11-month high, currently over $56.5/bbl. US banks' earnings are due to commence this...
Cinda, Huaneng, HDB Launch New Bonds; T-Mobile Upsizes Issuance to $3bn; CFLD $ Bonds Take Another Beating; Vedanta Launches Consent Solicitation
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...
Olam, DaFa, Beijing Cap Launch $ Bonds; YPF, Pan Bros Downgraded; CFLD’s $ Bonds’ Slide Continues; Alibaba’s $ Bonds’ Z-Spread Widens
S&P and Nasdaq continued their rally, up 0.6% and 1% on Friday. Tesla again closed ~8% higher. US Non-farm payrolls saw a surprise 140k fall versus expectations of a 71k increase highlighting a need for fiscal spending, as per Joe Biden. European equities also...
Cemex, FAB, NWD, Times Among New $ Bonds Priced; CFLD $ Bonds Continue to Slide; Evergrande Paid a Premium on Buybacks in 4Q20
US equities rallied as the S&P inched higher by 1.5% with financials and tech rallying over 2.5%. JP Morgan Chase shares rallied 3.3% while Tesla was up ~8% (with Elon Musk overtaking Jeff Bezos as the wealthiest person). US ISM non-manufacturing for the last...
Haidilao, Times, NWD Among New $ Deals Launched; SBI, Shriram, Emirates NDB Price $ Bonds; CFLD Bonds Fall 5%
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...
Chinese Property Developers Country Garden, Road King, CIFI and Others Raise Over $3bn via Dollar Bonds
Chinese real estate developers have rushed to the dollar bond markets in the new year following strong investor appetite for bonds priced on Monday from peers Powerlong, Zhenro, Yuzhou and Shimao that received orders 6-22x issue size. Combined issuance from developers...
SBI, Shriram, Emirates NBD Among 11 New $ Deals Today; Pemex Staring at Cash Crunch; Indonesia, Aussie Banks Raise $ 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...
16 New $ Deals Today, Vedanta $ Bonds Rally; NYSE Scraps Chinese Telcos Delisting; R&F $ Bonds Rally After $10bn Asset Pledge
US equities ended lower with the S&P and Nasdaq falling 1.5%. Polls of Georgia’s Senate runoff showed two Democratic candidates with chances of winning their respective races – this could give Joe Biden control of the Senate and might lead to higher corporate...
