Rising rates reflect optimism in economic prospects, but can slow growth by making borrowing more expensive Source: The Wall Street Journal The worst bond rout in three years deepened Thursday, hammering debt issued in emerging markets and many U.S. states and cities, while sparing large companies the brunt of the impact. The yield on the 10-year…
Cheap credit and feeble growth opportunity have created an atmosphere of cautious corporates Source: The Wall Street Journal The European Central Bank began buying billions of euros worth of corporate bonds earlier this year in a high-profile experiment aimed at spurring private investment. So far, the spending hasn’t materialized. Since June, the ECB has bought €44.3…
Nearly $1 trillion has been wiped out in global fixed income markets since Trump’s win. Source: Financial Times A global bond market rout intensified on Monday while the dollar strengthened as investors bet that US president-elect Donald Trump’s commitment to economic stimulus will herald faster growth and the return of inflation. Since Mr Trump’s surprise win…
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,…
Access to Thomson Reuters fixed income market data and market analytics within the Overbond platform optimizes price discovery for participants in the primary bond origination market TORONTO, ON and NEW YORK, NY — (Marketwired – November 03, 2016) — Overbond Ltd., the first fintech platform in the new bond issuance market, today announced a partnership…
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…