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…
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…
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,…
With the announcement of their merger sending both company’s bond prices into decline, concerns about increased debt burden have increased Source: The Wall Street Journal Count bond investors among the skeptics of AT&T Inc.’s proposed acquisition of Time Warner Inc. The prices of both firms’ bonds have declined since reports of the deal began emerging late…
Bond yields keep going up in response to higher inflation, lower global risk, and changing central-bank policies. Source: The Wall Street Journal There is a little bit of fear creeping into government bond markets. It is about time, even if investors are still underestimating how much long-term Treasury rates could rise from here. Government bonds are…
Market reaction to election could be volatile, Fed waiting for results. Source: The Wall Street Journal Minutes from the Federal Reserve’s September meeting released Wednesday made it clear the central bank aims to raise overnight rates soon. Three committee members wanted to raise them right away, while others said the decision was “a close call.” Their…
Trudeau government bets big on infrastructure investment amid rout in commodity prices Source: The Wall Street Journal In the global struggle to boost growth, a Canadian experiment in fiscal spending is providing a test case for some of the world’s biggest economies. Prime Minister Justin Trudeau’s Liberal government unveiled a plan last spring to spend heavily…
Post-Brexit stimulus effort by BOE begins Source: The Wall Street Journal The Bank of England made its first foray into the corporate bond market in three years on Tuesday, with an offer to buy the debt of companies in sectors including energy, transport and finance. How successful it was in picking up assets won’t be known…
Modernizing bond origination through fintech innovation Source: eFinancialCareers Plenty of people have left the trading floors of sell-side and buy-side firms to join or launch a financial technology startup, but in many cases fintech firms are focused on asset allocation, personal financial management or retail banking. Others focus on the trading floor, with a particular focus…
Drop in junk bond market could signal change Source: Barron’s “Frothy” is a good word to describe last week’s high-yield market. The seven-month return for the sector reached 20%—remarkably high for bonds. Average yields, which move in the opposite direction of prices, fell to just 6%, down from 10% in February. Companies rated below investment grade…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
