A monthlong bout of coronavirus has ravished China, claiming hundreds of lives and sickening thousands but the Asian influenza also has infected the stock market and other assets, chilling bullish sentiment for the moment and stoking uncertainty at a period of lofty valuations. Here are some of the assets andRead More →
© Reuters. Tech Sector Leads Stocks Higher; Bonds Decline: Markets Wrap (Bloomberg) — U.S. equities rose, led by shares of technology companies, in a week expected to be dominated by the start of earnings season and the signing of a partial China trade deal. Apple (NASDAQ:), Tesla (NASDAQ:) and MicrosoftRead More →
(Bloomberg) — U.S. stocks fell from near records, while Treasuries rose after the latest jobs report delivered mixed signals on the strength of the economy. The dollar declined versus major currencies. The S&P 500 edged lower after hiring data fell short of estimates and wage growth was the weakest inRead More →
U.S. Treasury yields slipped for a second day early Tuesday, as stock futures gave back ground again, with a auction for the bond-market’s benchmark maturity in the afternoon. What are Treasurys’ doing? The 10-year Treasury note yield TMUBMUSD10Y, -0.67% retreated 2.8 basis points to 1.803%, while the 2-year noteRead More →
(Bloomberg) — European stocks edged down with U.S. equity futures and most Asian shares rose as investors looked ahead to a week brimming with potential catalysts, from central bank meetings to a looming America-China tariff deadline. Treasuries nudged higher along with European bonds. The Stoxx Europe 600 Index fluctuated beforeRead More →
© Reuters. Investing.com — Here is a summary of regulatory news releases from the London Stock Exchange on Monday, 2nd December. Please refresh for updates. Ocado (LON:) said it will issue around 500 million pounds ($646 million) in convertible bonds to fund the expansion of its Ocado Solutions automated warehousingRead More →
© Reuters. Visitors look at an electronic stock quotation board at the TSE in Tokyo By Wayne Cole SYDNEY (Reuters) – Asian shares lost out to safe-harbour bonds on Wednesday as Sino-U.S. trade talks produced nothing but white noise, while concerns about a supply glut left oil prices nursing theirRead More →
Since bottoming Christmas Eve, the benchmark S&P 500 Index is up over 30%, but the U.S. 10-year Treasury yield has fallen by 100 basis points. While at first glance those markets might be sending conflicting signals, I see a consistent message. Both bond and equity markets have priced in theRead More →
This story has been updated; a previous version misidentified the company that will pull “Friends” and “The Office” from Netflix. Bloomberg News/Landov Netflix Inc. is planning to raise another $2 billion in debt as it moves to gain the financing needed for new content as the battle for streaming customersRead More →
Risks of a U.S. corporate bond selloff often run high into the final months of the year when liquidity can get pinched and credit spreads widen. But this year could be particularly painful for investors who took up corporate bonds at today’s relatively low spreads, which are the level ofRead More →
WeWork’s bonds tumbled to fresh lows Tuesday after details emerged of a high-cost $5 billion financing plan for the embattled office-share venture to help it avoid a cash-flow crisis. Prices of WeWork’s $670 million of outstanding high-yield bonds slid as low as 78 cents on the dollar in trading Tuesday,Read More →
Bonds issued by embattled U.S. energy companies with sub-investment-grade ratings saw a major boost Monday after oil prices spiked following Saturday’s attack on Saudi Arabia’s oil production facilities. Energy company defaults have weighed down the U.S. high-yield bond market all year as companies have struggled to balance slower global growthRead More →
Bonds issued by home builders are signaling a pretty upbeat tone for the U.S. economy, even as U.S. recession fears linger. Wage growth has been on the rise while borrowing costs have fallen, with the average 30-year fixed-rate mortgage plunging this week to a three-year low of 3.55%, helping toRead More →
The yield on the 30-year Treasury bond fell to an all-time intraday low of 1.916% on Aug. 15 and its weekly chart shows that the decline in yield is overdone. My quarterly value level is 2.873% with semiannual and monthly pivots at 2.431% and 2.256%, respectively, with my annual riskyRead More →
Defaults on bonds issued by debt-laden U.S. companies with speculative-grade ratings are on pace to reach a new high this year for the post 2008 crisis era, according to Goldman Sachs analysts. The bank has tracked more than $36 billion of defaulted so-called “junk bonds” already in 2019, and thereRead More →
© Reuters. ‘Century Bonds’ Take on New Meaning as Argentine Rout Deepens (Bloomberg) — Such is the sell-off in Argentina’s assets that it now has the world’s cheapest Eurobonds –and local yields headed for 100%. The government’s average dollar yields climbed to 27% on Wednesday from 11% last week, accordingRead More →
On a day the yield on the 10-year German bond TMBMKDE-10Y, -2.95% hit a record low and a fund manager survey found the most bullish view on bonds in close to 11 years, it’s worth asking if the mania for fixed income that is gripping markets is justified. The CallRead More →
© Reuters. People sit in front of a board showing market information at a securities brokerage house in Beijing By Wayne Cole SYDNEY (Reuters) – Asian shares were trying to rally on Thursday as Beijing reported better trade numbers while also limiting the fall in its yuan, offering temporary reliefRead More →
Some $14 trillion in government debt now offers negative yields and the U.S. could soon be a part of that legion, according to Joachim Fels, a global economic adviser for Pimco. In a blog post dated Aug. 6, the adviser said escalating trade tensions between the U.S. and China couldRead More →
Gold has been trading above $1,400 for more than a month now as bond yields around the world continue to plumb to new all-time lows. As much as $13.64 trillion, equal to 25 percent of all sovereign and corporate bonds, currently have negative yields, meaning investors are paying the issuersRead More →
Greeks may have invented philosophy. But this week the seaside nation is testing out another idea: its bonds are roughly as risky as haven U.S. Treasurys. Greece is borrowing about €2.5 billion euros in the international debt markets this week by selling seven-year bonds at a yield of 1.9%, accordingRead More →
© Reuters. Euro zone tries to revive pooled debt plan, ending risk-free government bonds By Francesco Guarascio BRUSSELS (Reuters) – The head of the Eurogroup of euro zone finance ministers is proposing to revive talks on a plan to pool the debt of euro zone countries, three EU sources toldRead More →
© Reuters. The Greensill Bank is pictured in downtown Bremen By Tom Bergin (Reuters) – Financing group Greensill Capital, which is backed by Japan’s SoftBank Group and General Atlantic of the U.S., last year provided a false statement to market participants relating to bonds it had issued in 2017 onRead More →
Our thoughts on the Invesco Fundamental High Yield Corporate Bond ETF (PHB) can be summed up pretty succinctly. Don’t invest in junk bonds, and if for some reason you feel you have to, don’t pick PHB. Just Say No to Junk Bonds There is no compelling reason for most, ifRead More →
© Reuters. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo By Marc Jones and Wayne Cole LONDON/SYDNEY (Reuters) – Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagersRead More →