CreditSights analysts combed through the Fed’s latest portfolio data for trends and found the central bank’s daily purchases dwindled to about $21 million on average through July 30, down from about $180 million of daily buying when the program kicked off in May. The question is where do corporate bond spreads go once the market…
Investment-grade corporate bond issuance has already exceeded this year than for the whole of 2019. U.S. companies now owe more than $10 trillion, which is nearly half of the country’s 2019 GDP of $21.5 trillion. With corporate profits remaining weak throughout the covid crisis, we are surely in for a slew of downgrades and defaults. Track financial…
The reverse Yankee boom is welcome news for European bond buyers disappointed at the yield collapse sparked by the ECB’s asset purchase program. Source: The ChronicleHerald LONDON (Reuters) – From Harley Davidson to Colgate-Palmolive, U.S. companies are flocking to borrow in euros and their record issuance is breathing life into a market where yields have…
International Institute of Finance (IIF) estimates global debt to reach record $255 trillion by the end of 2019 and central bankers believe it is sustainable Source: CNBC Global debt hit a record high of over $250 trillion in the first half of this year, led by a surge in borrowings in the U.S. and China,…
Foreign Investors Return to Italian Bond Market as the Country’s Risk Premium Reduces Further from Last Year’s Highs Source: Bloomberg Italy is attracting foreign investors to buy its bonds as the new government’s more conciliatory stance toward the European Union on budget issues should reduce the country’s risk premium further, the head of the country’s…
49 US Corporate Bond Deals in 30 Hours as Yield Drops to Record Low Source: Bloomberg Corporate America is lining up at the debt trough again. Companies are borrowing $74 billion in the U.S. investment-grade bond market this week, the most for any comparable period since records began in 1972. Since Tuesday, corporations including Coca-Cola…
Boeing to issue debt to acquire Embraer by the end of the year as it tries to maintain strong balance sheet while losses from 737 Max continue to rise Source: Flight Global Boeing intends to issue debt to fund the majority of its planned $4.2 billion acquisition of Embraer’s commercial division, a deal the companies…
Fitch and Moody’s lowered their outlooks for Boeing as 737 Max saga continues Source: Thomson Reuters Fitch Ratings and Moody’s lowered their outlooks for Boeing Co (BA.N) to “negative” from “stable” on Monday, citing delays in its 737 MAX jets’ return to service. The revision, which comes on the heels of Boeing’s nearly $5 billion…
Greece might issue new debt at lower borrowing cost to pay back IMF loans Source: Financial Post Greece’s debt agency could take advantage of a post-election boost to issue new debt at record low borrowing costs in the coming weeks to repay an expensive International Monetary Fund loan, sources told Reuters on Monday. Two bankers…
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…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
