Macro; Rating Changes; New Issuances; Talking Heads; Top Gainers & Losers
S&P and Nasdaq ended 0.4% and 0.7% lower after falling over 1.2% at the open. US 10Y Treasury yields were stable at 1.28%. Macro data came in...
414 Views
Ping An Launches $ Bond; Macro; Rating Changes; New Bond Issues; Talking Heads; Top Gainers & Losers
S&P closed flat while Nasdaq underperformed, down 0.6% as the flow towards tech ebbed. Companies with bloated valuation metrics fell over 2%...
347 Views
Macro; Rating Changes; New Issues; Talking Heads; Gainers & Losers
US equities began the week marginally lower after the President’s Day holiday on Monday – S&P and Nasdaq were down 0.06% and 0.3%. US 10Y...
250 Views
Bank Credit Weekly: Melt-Up in Asset Prices or Melt-Down in Conviction?
Melt-up in asset prices or melt-down in conviction? Short callable AT1 bonds led the ongoing rally in bank credit. Tier 2 bonds suggest more of a...
378 Views
Bank Credit Strategy: Melt-Up Before Meltdown, Where to Position
We could see a melt-up in asset prices from short-term interest rate pressures before the eventual meltdown. We explain the melt-up potential and...
432 Views