European Companies Happily Take ECB’s Cheap Cash, but Don’t Spend It

Cheap credit and feeble growth opportunity have created an atmosphere of cautious corporates Source: The Wall Street Journal The European Central Bank began buying billions of euros worth of corporate bonds earlier this year in a high-profile experiment aimed at spurring private investment. So far, the spending hasn’t materialized. Since June, the ECB has bought €44.3…

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Global Bond Sell-Off Deepens in Trump Growth Bet

Nearly $1 trillion has been wiped out in global fixed income markets since Trump’s win. Source: Financial Times A global bond market rout intensified on Monday while the dollar strengthened as investors bet that US president-elect Donald Trump’s commitment to economic stimulus will herald faster growth and the return of inflation. Since Mr Trump’s surprise win…

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Mario Draghi Seen More Likely to Extend QE After Trump’s Victory

ECB likely to extend 80 billion-a-month bond purchase program Source: The Wall Street Journal FRANKFURT—The European Central Bank is likely to extend or even boost its €80 billion-a-month bond-purchase program next month following Donald Trump’s unexpected victory in U.S. elections, analysts said. ECB policy makers are expected to decide on the future of their so-called quantitative-easing…

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Ted’s Macro View – Global Reaction to President Trump

Global markets have adjusted swiftly in the wake of President-elect Trump Source: Ted Carmichael Global Macro In the days ahead of the election, global equities sold off when Donald Trump narrowed Hillary Clinton’s lead in the polls after the FBI reopened the investigation into Hillary’s emails. After the FBI announced that there were no grounds to…

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J.P. Morgan first foreign dealer to get relief from onerous bond rule

J.P Morgan Securities LLC cleared to begin trading bonds of Canadian businesses with Canadian institutional investors Source: The Globe and Mail The Ontario Securities Commission published a decision Thursday allowing international securities dealer J.P. Morgan Securities LLC to start trading certain bonds of Canadian businesses with Canadian institutional investors. The exemption, the first of its kind,…

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Overbond Integrates Thomson Reuters Fixed-Income Market Data with Overbond Platform

Access to Thomson Reuters fixed income market data and market analytics within the Overbond platform optimizes price discovery for participants in the primary bond origination market TORONTO, ON and NEW YORK, NY — (Marketwired – November 03, 2016) — Overbond Ltd., the first fintech platform in the new bond issuance market, today announced a partnership…

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