Reliance Plows Billions From Stake Sales Into Debt Funds

As observed by Subhadip Sircar, Divya Patil, and Saket Sundria at Bloomberg, for Reliance Industries is not alone in observing the curve steepening 2s-10s in corporate bonds in India and EM at large, is proceeding faster than the steepening playing out in sovereign bonds. Monitor curve steepening effects for all EM corporate and sovereign yield curves using Overbond’s curve…

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More corporate defaults seem to be on the way

Despite a mini-boom in the bond market, credit defaults are priced in. Companies are mercilessly sorted by recessions. The strongest credits grow stronger. The weakest investment-grade firms descend into junk territory. And the most frail speculative-grade firms go into default. Use Overbond’s market surveillance capabilities and trending financial ratios to monitor the credit landscape for…

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Liquidity Scoring AI Model

The subject of bond market liquidity risk has been consistently gaining the attention of many financial institutions, regulators, and policy makers. Worries of liquidity risk continue to increase due to many factors (but not limited to): multi-year decline in dealer inventories and higher capital requirements, sharp increase in aggregate outstanding debt instruments, and proliferation of…

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Bond Trade Loved by Wall Street Nears Another $100 Billion

If necessity is the mother of invention, then the pandemic may help bring the staid corporate bond market into the 21st century and give its traders the speed and efficiency that’s routine among stock dealers. Larger portfolio trades routinely have more than 500+ bonds with varying liquidity profiles. Use Overbond’s custom basket creation feature to…

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The Fed’s Improved Bond-Buying Program Explained

As part of the Fed’s SMCCF, it will not only buy bond funds, but also individual corporate bonds, the total size of all bond-buying programs is $750 billion, roughly 4% of U.S. GDP. Clearly with this buying volume / size markets impact could be significant,  use Overbond’s COBI analytics to understand the impact on bond…

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