by bondevalue | Jul 24, 2020 | Credit Ratings, Insights, Sovereigns
The three major credit rating agencies, S&P, Fitch, and Moody’s came under fire on July 18, 2020 at the G20 meeting of finance ministers. The only woman finance minister, Nirmala Sitharaman in the group picked up the cudgel against the rating agencies by...
by bondevalue | Jul 6, 2020 | Credit Ratings, Distressed / Defaulted Bonds, Sovereigns
Markets are opening higher this morning despite a lack of any major news. The US was on holiday on Friday for Independence Day and US index futures are recovering Friday’s losses this morning and then some. July 3rd saw the record for daily cases globally but...
by bondevalue | Nov 18, 2019 | Distressed / Defaulted Bonds, Sovereign Bonds
Ecuador’s dollar bonds slumped to a record low amid doubts over repayment, as hopes of more loans from the International Monetary Fund (IMF) become diminished. The country’s Congress had rejected a bill designed to narrow the budget deficit through a tax...
by bondevalue | Oct 14, 2019 | Asian Dollar Bonds, Insights
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...
by bondevalue | Sep 9, 2019 | Sovereign Bonds
Egypt plans to issue US$3 billion to US$7 billion of international bonds by the end of its 2020 financial year. The sovereign had borrowed heavily from overseas sources since a $12 billion IMF-backed economic reform programme was agreed upon in late 2016, and now...
