U.S. Corporate Debt In 2018

If FED follows through with the current hike plan, over 120 billion USD might be wiped out in 2018 Source: Seeking Alpha Summary US corporate debt market is highly overvalued – yields on corporate bonds are at lowest levels in 60 years. Corporations are not ready for the upcoming changes in monetary policy, debt servicing…

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Risk reward ratio in favour of AAA rated bonds maturing in 2-3 years: Dhawal Dalal, Edelweiss AMC

Dhawal Dalal, Edelweiss AMC, says investors in low duration fund investing in high quality assets can expect to make between 6.75% and 7.75% return with a fair amount of conviction. Source: The Economic Times Yields have already crossed the 7% mark and currently are at a 17-month high. What according to you are the key…

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Chicago Issues AAA-Rated Debt Despite City’s Junk-Rating

 Chicago to start selling as much as $575 million of investment-grade-rated debt, insulating bondholders from the city’s financial strains. Source: Bloomberg Markets Chicago will start selling as much as $575 million of investment-grade-rated debt that’s backed by a dedicated share of sales-tax revenue it receives from Illinois, insulating bondholders from the city’s financial strains. The offering is…

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Overbond Wins “Most Innovative Technology Vendor – Front Office” at American Financial Technology Awards 2017

The winners of this year’s AFTAs were announced at a dinner in midtown Manhattan on December 4. Source: WatersTechnology Continuing last year’s theme of change, this year’s winners were marked by impending regulatory reform due in the New Year, and a shift in the business practices of the buy and sell sides. With reporting mandates…

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Overbond Appoints Former Head of Bloomberg Global Markets to Lead U.S. Expansion

Overbond announced the appointment of George Harrington as the company’s Head of U.S. Business Development. He will lead the company’s U.S. expansion to roll out services to more than 5,000 clients. TORONTO and NEW YORK — December 5, 2017— Overbond Ltd., the first end-to-end capital markets platform for primary bond origination and fixed income deal…

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South Africa on verge of being removed from global bond index after S&P downgrade

 S&P downgraded South Africa’s long-term foreign currency debt by one notch to ‘BB’ and its local debt by a notch to ‘BB+’, citing a deterioration of the country’s public finances on account of weak GDP growth. Source: Moneycontrol On Friday, Africa’s most industrialised country got a harsh reality check from the financial world. Rating agency…

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The Changing Face of the Corporate Bond Market

European Commission to launch public consultation on ways to improve market functioning Source: The Wall Street Journal The European Commission wants answers to an intriguing question: Why is it becoming harder for people to trade corporate bonds, even though companies are issuing more of them? The commission—the executive arm of the European Union—plans to launch a…

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