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…
Steve Eisman of “The Big Short”, thinks the bond market will be hit the hardest in the next recession, specifically BBB and high yield debt Source: CNBC Steve Eisman, the investor known for predicting the financial crisis as depicted in “The Big Short” book and movie, thinks the bond market will be hit the hardest…
Federal Reserve’s dovish stance and US – China trade talks have increased demand for Emerging Market Local Government Debt Source: Bloomberg If investors wanted evidence that demand for local-currency bonds isn’t fleeting, here it is: The biggest exchange-traded fund tracking local debt in emerging markets has seen 17 weeks of inflows. The $9.7 billion iShares…
China’s Debt Market to be beneficiary of trade deal with U.S. Source: Bloomberg One of the less obvious beneficiaries of a resolution from the U.S.-China trade war is shaping up to be the $13 trillion Chinese bond market. China has already been welcoming record inflows into its local-currency debt after making it easier for foreign…
The Rise Of The Technology Infrastructure Sector In The Municipal Bond Market Source: Forbes Technology as infrastructure is rapidly emerging as both a sector and credit factor unto itself in the municipal bond market. Those states, cities, counties and towns applying technology to assess and deliver services more efficiently and effectively are positioning themselves to…
Wall Street Is Getting Cut Out of Bond Market It Long Dominated Source: Bloomberg The banks that have stood in the middle of the corporate bond market for decades are increasingly getting pushed aside. Electronic marketplaces like MarketAxess Holdings Inc., Tradeweb Markets LLC and Liquidnet Holdings Inc. say that more of the company bond trades…
We are witnessing another U.S inverted yield curve for the first time since the 2007 recession. Could this be a signal towards the next US downturn? Source: Financial Times Alan Greenspan, the then Federal Reserve chairman nicknamed The Oracle for his economic soothsaying, told the US Senate on July 21 2005 to disregard an obscure…
Middle East fixed income proves a safe haven within emerging markets Source: The National Emerging markets are rarely uneventful, with no shortage of idiosyncratic risks that require constant vigilance. These events can dominate investor thinking, making it easy to neglect the broader opportunity the asset class offers. Indeed, there are parts of the emerging market…
With trading volumes for US corporate bonds up
