European Bond Market Rally Continues

The European Central Bank surprised investors last week with announcement that it will start buying corporate bonds. It certainly is an unprecedented central-bank stimulus measure what leaves more questions than answers at this point in time. Source: Wall Street Journal The European Central Bank’s announcement that it will start buying corporate bonds continued to boost credit…

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Junk-Bond Rebound Signals Easing Fear

Strong economic signals from US high yield market. Source: Wall Street Journal The riskiest part of the U.S. corporate-bond market is staging a comeback, marking an upswing in investor confidence following a turbulent start to the year. Returns on junk bonds, debt issued by heavily indebted companies that carry low credit ratings, turned positive for 2016…

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J.P. Morgan Lays Out Its Technology Plans

Overbond

Very interesting new development at JP Morgan applying FinTech solutions to debt capital markets.   Source: Wall Street Journal The largest U.S. bank by assets is expected to detail its technology spending strategy throughout different presentations from Chief Executive James Dimon and his top lieutenants. Actions range from new spending on fintech to cutting costs on…

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Investors turn south as Canadian high-yield bond market shrinks

  Riskiest corporate bonds in Canada may need better access to investors Source: Globe and Mail  The Canadian market for the riskiest corporate bonds is disappearing. Sales of high-yield bonds issued in the Canadian currency have slowed to just one $250-million offering this year, compared with seven issues totaling $1.45-billion through the same period in 2014, according to…

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