Nomura, BDO, Sunac & Shimao Launch $ Bonds; Fitch Expects More Sovereign Downgrades
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...
Ecuador Bonds Sink to Record Low Amid Doubts Over Repayment
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...
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...
