“Over the next decade we’re going to see an incredible evolution of artificial intelligence,” says Vuk Magdelinic, CEO of Overbond, a fixed income AI analytics firm. “The ’90s were the internet age, the aughts the age of cloud and the ’10s the age of social media. The ’20s will be the age of AI.” Source:…
Fitch Ratings – Chicago – 04 Jan 2021: Fitch Ratings has affirmed Cenovus Energy Inc.’s (CVE) Long-Term Issuer Default Rating (IDR) at ‘BB+’, and senior unsecured ratings at ‘BB+/RR4’, following the close of the Cenovus-Husky merger. The Rating Outlook remains Positive. Source: Fitch Ratings In addition, Fitch has assigned ‘BB+’/’RR4’ ratings to Husky Energy Inc.’s…
You don’t need to be an expert in financial market structure, nor in fixed-income investing, to understand that an “illiquidity doom loop” is a very bad thing. Source: Bloomberg This phrase made its first appearance in a Bloomberg News article on Friday, March 20, when Mizuho International Plc’s Peter Chatwell raised the alarm about certain exchange-traded funds tracking the bond markets….
India’s sovereign bond investors are converging on a trade idea for 2021. They’re betting that short-term yields would rebound as the central bank soaks up excess cash on signs of an economic recovery. Source: Bloomberg RBL Bank Ltd. and Quantum Asset Management Ltd. are among those forecasting that liquidity tightening by the Reserve Bank of…
We expect to see further growth in the ETF market next year as investors assess opportunities to broaden the diversity of their portfolios through investments that provide exposure to a variety of industries, asset classes and exchanges across the globe at low cost. Source: The TRADE The European market in particular is expected to continue…
When global bond markets dipped in February, fund manager John Stover dove in, predicting a rebound, only to watch prices collapse as the coronavirus pandemic raged on. Stover kept buying. Source: Bloomberg “It never feels good to buy at the bottom or when things are going down,” he recalled earlier this month, describing hasty phone calls to portfolio…
As we approach the third anniversary of its implementation date, the impact of the EU’s MiFID II continues to be felt around the world as global players adopt key measures as a form of best practice. Part of its wide remit to recast the mould for European institutional financial markets was to set out a…
Seth Bernstein, the CEO of US$622 billion AUM asset manager AllianceBernstein, has opened the Fixed Income Leaders’ Summit US today, with an analysis of the challenges facing bond investment management and the changes necessary to overcome those challenges. Source: TheDesk “I am one of those people that does believe the diversifying role of fixed income…
Bond buyers and sellers are warning that a recent proliferation of fintech platforms seeking to modernize debt sales around the world risks backfiring, making it more difficult to price deals. Source: Bloomberg The concerns follow a flurry of new technologies from New York to Hong Kong trying to drag the process of placing bonds into…
BENGALURU (Reuters) – Major sovereign bond yields, guided by central banks, will stay low despite soaring global debt levels and investors looking beyond fixed income securities for better returns, a Reuters poll found. Source: Reuters Following a November stocks rally, investors moved into risky assets, helping sovereign bond yields stay off March life-time lows as…
With trading volumes for US corporate bonds up
