Thomson Medical (SGX) priced their $225 million senior notes at 4.8% after overwhelming response from Series 001 notes issue Source: Straits Times SINGAPORE – Thomson Medical Group has priced its $225 million senior notes due 2022 at 4.8 per cent, to be issued at par, the mainboard-listed healthcare provider said late on Thursday night. This…
Sovereign investors are buying bonds as a defensive position on the back of improving yields Source: Bloomberg Sovereign investors command an astounding amount of assets, yet traders typically have only a vague sense of what these behemoths are doing with all that money. Invesco Ltd. has at least one answer: They’re buying bonds. For the first time…
Greece might issue new debt at lower borrowing cost to pay back IMF loans Source: Financial Post Greece’s debt agency could take advantage of a post-election boost to issue new debt at record low borrowing costs in the coming weeks to repay an expensive International Monetary Fund loan, sources told Reuters on Monday. Two bankers…
Bonds might have overreacted on inflation; “Pay Rises, Not Price Rises” Source: Reuters With yields across the developed world in free-fall, markets appear to have convinced central banks that only drastic monetary stimulus can prevent inflation expectations from evaporating for a lifetime. But might those markets be reading it wrong? If so, policymakers in Japan,…
Gold rallies in search of safe haven; “bull markets are the authors of bear markets.” Source: Forbes As the first-half of 2019 draws to a close, investors have much to cheer about. A lot of money has been made across many asset classes. If you’re considering tweaking your strategy for the second-half of the year, I have four words for…
Entire German yield curve is at the risk of entering into negative territory. Source: Bloomberg The last glimmer of positive yields on German bonds is in danger of being snuffed out. Thirty-year yields turning negative would be a first among major bond markets, with a global rally already having sent all of Germany’s out to…
Volatility and uncertainty in global markets is having its toll on high yield bond ETFs. Source: Bloomberg The volatility in global markets is wearing on exchange-traded funds that buy risky corporate debt as investors pull money out. Traders yanked $907 million from BlackRock Inc.’s iShares iBoxx High Yield Corporate Bond exchange-traded fund, or HYG, on…
Investors are betting for two rate cuts by the Fed on rising US economic growth concerns. Source: Financial Times Investors have increased bets that the Federal Reserve will cut US interest rates not once but twice this year, to counter concerns about slowing global economic growth that have been inflamed by the worsening US-China trade…
Quantitative easing is the gift that keeps on giving: ECBs bond stockpile helps keeping sovereign yields at record low levels even after it stopped additions. Source: Bloomberg It’s been a surprisingly good year for Europe’s government bond markets. Yields are down across the board even though the European Central Bank is no longer adding to…
Fixed Income portfolio managers and traders are seeking a competitive advantage by investing in AI. Source: Bloomberg Money is pouring into artificial intelligence in bond markets, challenging bankers and investors to adapt their skills in everything from issuing to trading securities. Fintech startup Nivaura is investing in technology to automate debt sales. Dutch bank ING…
49 US Corporate Bond Deals in 30 Hours
French railway network operator SNCF to take over
