What Markets Think About the Looming Debt Ceiling Showdown

Investor angst in financial markets is suggesting Congressional efforts to raise the nation’s debt ceiling will play out more like the lesser of two recent showdowns. Source: Bloomberg Financial markets are suggesting the political drama surrounding Congressional efforts to raise the nation’s debt ceiling will play out more like the lesser of two recent showdowns….

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German companies hit by negative interest rates

A recent survey finds that German banks have tried to charge 20% of corporate customers negative interest rates. Source: Financial Times Almost one in five German companies has had their bank trying to charge negative interest rates — meaning they would have to pay the lender for the privilege of keeping their money on deposit….

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Corporate Bond Intelligence (COBI)

Overbond’s COBI (corporate bond intelligence) tool applies proprietary algorithms, big data technology and machine learning to monitor almost 100% of active Canadian issuers in order to: Predict primary debt capital markets pricing Predict Issuance propensity and deal trends Provide matchmaking for investors and issuers Learn more about how COBI Opportunities helps increase transactional efficiency in the primary…

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Why Amazon’s seven-part bond deal is a bargain

Amazon sold $16 billion of bonds in a seven-part deal to finance its $13.7 billion acquisition of Whole Foods, and analysts were upbeat. Source: MarketWatch Amazon.com Inc. on Tuesday completed a $16 billion bond deal to fund its planned $13.7 billion acquisition of Whole Foods Market Inc. The issue came a day after ratings agency Moody’s…

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Canada considers issuing ultra-long bonds

The Bank of Canada is considering issuing more ultra-long bonds in the future by reopening 50-year bonds via a modified auction. Source: BNN TORONTO – Canada, which issued its first ultra-long bond in April 2014, is considering more in the future, the government said on Thursday. Any issuance would be done by reopening that 50-year bond…

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Big Investors Lose Faith in Europe’s ECB-Fuelled Junk Rally

Some of Europe’s biggest money managers are getting ready for a turnaround in the two-year bull run of the continent’s riskiest corporate debt. Source: Bloomberg Some of Europe’s biggest money managers are getting ready for a turnaround in the two-year bull run of the continent’s riskiest corporate debt. Deutsche Asset Management has reduced holdings of…

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Overbond Taps AI for Primary Bond Market

Source: Markets Media Although machine learning has made incredible inroads in the secondary securities markets, Canadian startup Overbond has brought the discipline to the primary corporate bond market. The vendor’s platform uses supervised machine learning to price potential issuances, score the likelihood of issuances, and identify potential institutional investors who might be interested in the…

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