© Reuters. By Bharath ManjeshR and Fergal Smith BENGALURU/TORONTO (Reuters) – Canadian companies went on a debt binge as the COVID-19 crisis slammed the economy, with Canada Inc rushing to the bond market at the heaviest pace in at least a decade. Corporate bond issuance in Canada between January andRead More →
On June 3rd, 2020, we listed the Global X Emerging Markets Bond ETF (EMBD) on NYSE Arca. EMBD is an actively managed fund sub-advised by Mirae Asset Global Investments that seeks a high level of total return consisting of both income and capital appreciation by investing in emerging market debt.Read More →
© Reuters. Treasuries Lead Global Bond Rally With Rate-Cut Bets Mounting (Bloomberg) — Treasuries gained for a sixth day, leading a bond rally from Australia to Japan as investors increasingly bet on central banks easing to cope with the global impact of the coronavirus outbreak. Yields on Treasuries sank fourRead More →
U.S. Treasury yields extended their weeklong slump on Friday as investors worried that the economic impact of COVID-19 may not be contained to China, and is spilling over into neighboring regions. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -3.50% fell 5.4 basis points to a more thanRead More →
So much winning! Global equity markets are pushing higher, and many are at all-time highs. Chinese equities and the yuan are perking up. The threat of tariff wars is receding. Industrial commodity prices are turning up. Housing starts in the US are soaring. Consumer confidence is high. Financial market fundamentalsRead More →
Long-dated U.S. Treasury yields edged higher Friday after the U.S. Treasury Department announced plans, as had been expected, to issue a 20-year nominal coupon bond in the first half of 2020 to finance a ballooning federal deficit that is nearing 5% of gross domestic product. However, yields have been little-changedRead More →
CHICAGO (Reuters) – Chicago will gain $40 million in additional upfront savings from a bigger bond refunding aimed at plugging a huge hole in the current budget, the mayor’s office announced on Tuesday. A planned $1.26 billion refunding this week of outstanding debt was increased to $1.47 billion to accommodateRead More →
Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest Baby Bond issued by Ford Motors Co (F). EvenRead More →
Background The article you’re about to read is The Macro Teller‘s (“TMT”) first publication on the Seeking Alpha (“SA”) platform, under this name. Nevertheless, TMT is not a new face on SA, rather the “macro version”, alter-ego if you’d like, of the same author whose known here by the nameRead More →
High yield bonds have been hot lately, but the current situation is unlikely to last. From a macro perspective, corporate credit in general, and high yield in bonds in particular appear frothy. Investors are taking more and more risk, for less and less return. Assets under management in high yieldRead More →
The bond market is generally considered more sophisticated than most other markets, which is often attributed to the fact that professional investors and institutions more typically trade bonds than do retail investors (whereas retail investors and other speculators less privy to information are more likely to trade equities). In anyRead More →
(Bloomberg) — While many expect the Federal Reserve’s Wednesday decision on rates to be a snooze for markets, strategists at Bank of America Corp (NYSE:). are nonetheless mulling surprises that could stir up bond prices. They see an outside chance that the Federal Open Market Committee’s updated dot plot willRead More →
Cannabis stocks were mostly lower Monday, with Aurora Cannabis slumping after the company carried out a convertible debt swap that is highly dilutive for its shareholders. Aurora stock ACB, -5.93% ACB, -4.89% fell 3.7% after it set the early conversion price for C$230 million ($173 million) of 5% convertible bondsRead More →
James Bond or Homer Simpson? Brits split over Brexit are even more divided on how they view their colorful prime minister, latest research shows. If Boris Johnson were a fictional character, supporters who backed the U.K. leaving the European Union see him as James Bond, according to a report byRead More →
Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest Baby Bond issued by Sachem Capital Corp (SACH). EvenRead More →
A report by the U.S. National Bureau of Economic Research found that about 30% of all bond mutual funds contain riskier holdings than what is being reflected by Morningstar, Inc, a large, third-party research service that aims to help investors vet these funds and their performance. The report warns thatRead More →
This article was selected to be shared with PRO+ Short Ideas subscribers – find out more here. “Smart” and big money tends to move the bond market while retail and “dumb” money have a relatively greater influence over the equity markets. If we are to abide by this rule ofRead More →
Utility companies reliant on coal-fired power plants may be starting to get a cold shoulder from corporate debt investors as the risks around rapid climate change come to the fore. If attitudes against coal energy shift in Washington D.C., the worry is electricity providers may suffer unanticipated write-downs if forcedRead More →
© Reuters. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York (Reuters) – Morgan Stanley (N:) beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees, sending its shares up 4% in premarket trading. The results wrappedRead More →
The long-running bull market in bonds continues to defy bearish forecasts, as shown by a set of exchange-traded funds. Positive year-to-date performance in all the major corners of fixed income continues to offer a stark counterpoint to analysts who expect trouble. Long-term corporate bonds continue to lead the field byRead More →
Introduction Over the past few months, most of you have noticed our increased activity in closed-end funds as the inflow of volatility finally shook them up and created various arbitrage and directional opportunities for active traders like us. Currently, we are cautious when we choose our long positions, as mostRead More →
© Reuters. Relief Seen for Natural Gas Bottlenecks: Canada Bond Update (Bloomberg) — Canada’s battered market could be looking at some relief as TC Energy Corp. expands pipeline capacity and stockpiles remain low in Alberta at the start of heating season, according to Craig Nieboer, chief financial officer of producerRead More →
It pains me to say this: The market’s best inflation-protected investment could go “poof” on November 1. That’s the date the U.S. Treasury will reset the fixed rate on its U.S. Series I Savings Bonds. And the news isn’t likely to be good. If you don’t know what an IRead More →
PepsiCo Inc. has priced its first-ever green bond, designating the proceeds from the $1 billion offering to help cut virgin-plastic use and replenish the water it consumes in making sodas and snacks. With the announcement, the company PEP, -0.80% said it has named executive Simon Lowden as its firstRead More →
The purpose of this article is to help investors who want to participate in the international bond space to weigh the relative benefits of using the Vanguard Total International Bond ETF (BNDX). What Does BNDX Do? Vanguard The Vanguard Total International Bond ETF holds investment-grade debt issued (mostly) by internationalRead More →
