The Week That Was – (16th -22nd Aug)
US primary market issuances fell sharply to $13.7bn vs. $46.6bn in the week prior. IG issuances fell to $9.4bn vs. $32.1bn in the prior week while HY issuances were lower at $3.7bn vs. $14.4bn in the prior week. The IG space was led by Athene Global Funding’s...
Fed Leaves Rates Unchanged and Signals it will Stay on Sidelines
The US Federal Reserve left the fed funds rate range unchanged earlier this week at 1.50% to 1.75%, indicating that it intends to remain sidelined for the moment. Both comments made by Fed Chairman Jerome Powell and the Fed statement confirmed this as the central...
China Cuts Short-Term Rates for First Time in 4 Years, Signalling Further Global Easing
The People’s Bank of China (PBOC) lowered one of its key interest rates for the first time since 2015, signaling further easing across the globe. China’s central bank cut its seven-day reverse repurchase rate to 2.50% from 2.55%, bringing a spark of...
