Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries</li>
<li>UST yields fell 2-6 bps yesterday, with larger declines in the belly of the curve. This was on account of haven flows following US President Donald Trump’s Saturday announcement hiking global tariffs to 15%, as well as uncertainty over future trade moves.</li>
<li>The UST curve bull steepened, with the yield on the 2Y UST dropping 4 bps to 3.44% while that on the 10Y UST declined 5 bps to 4.03%. Equities fell amid renewed anxiety over the impact of AI on existing industries. The S&amp;P 500 and Nasdaq fell 1.0% and 1.1% to 6,838 and 22,627, respectively.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries
UST yields fell 2-6 bps yesterday, with larger declines in the belly of the curve. This was on account of haven flows following US President Donald Trump’s Saturday announcement hiking global tariffs to 15%, as well as uncertainty over future trade moves.
The UST curve bull steepened, with the yield on the 2Y UST dropping 4 bps to 3.44% while that on the 10Y UST declined 5 bps to 4.03%. Equities fell amid renewed anxiety over the impact of AI on existing industries. The S&amp;P 500 and Nasdaq fell 1.0% and 1.1% to 6,838 and 22,627, respectively.


<ul>
<li>Long-end UST yields fell marginally yesterday, rebounding from an earlier price drop on strong demand for an auction of 30Y TIPS, as well as haven flows amid tensions over Iran.</li>
<li>The yield on the 2Y UST was unchanged at 3.46%, while that on the 10Y UST fell 2 bps to 4.07%.</li>
<li>Equities declined, with the S&amp;P 500 and Nasdaq both down 0.3% at 6,862 and 22,683, respectively. </li>
</ul>


Long-end UST yields fell marginally yesterday, rebounding from an earlier price drop on strong demand for an auction of 30Y TIPS, as well as haven flows amid tensions over Iran.
The yield on the 2Y UST was unchanged at 3.46%, while that on the 10Y UST fell 2 bps to 4.07%.
Equities declined, with the S&amp;P 500 and Nasdaq both down 0.3% at 6,862 and 22,683, respectively. 


Leonard Law, CFA

<ul>
<li>UST yields jumped yesterday, on the back of a weak auction of 7Y notes.</li>
<li>All three treasury note auctions this week drew relatively soft demand, amid inflation worries from the rise in oil prices and uncertainty over US-Iran ceasefire talks.</li>
<li>The yield on the 2Y UST jumped 10 bps to 3.99%, while that on the 10Y UST rose 8 bps to 4.41%. Equities slumped, led by tech and memory chip stocks</li>
</ul>


UST yields jumped yesterday, on the back of a weak auction of 7Y notes.
All three treasury note auctions this week drew relatively soft demand, amid inflation worries from the rise in oil prices and uncertainty over US-Iran ceasefire talks.
The yield on the 2Y UST jumped 10 bps to 3.99%, while that on the 10Y UST rose 8 bps to 4.41%. Equities slumped, led by tech and memory chip stocks


<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Medco Energi, Nickel Industries, Pakuwon Jati, UPL Limited</li>
<li>UST yields climbed 1-3 bps across the curve yesterday. This was amid a soft auction for 5Y notes, which tailed by 0.7 bps (the weakest auction result for this tenor since November 2025). The yield on the 2Y UST rose 1 bp to 3.47%, while the yield on the 10Y UST was up 2 bps at 4.05%. Equities rose for a second day, as Nvidia Corp reported strong results that soothed market concerns over AI hyperscaler spending. The S&amp;P 500 and Nasdaq climbed 0.8% and 1.3% to 6,946 and 23,152, respectively.</li>
<li>US Trade Representative Jamieson Greer said President Donald Trump will sign a directive in the coming days to raise global tariffs to 15% “where appropriate”. Mr Greer added that it could take a few months for the administration to re-establish Mr Trump’s tariff regime in ways that uphold existing agreements in the wake of a recent Supreme Court ruling.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Medco Energi, Nickel Industries, Pakuwon Jati, UPL Limited
UST yields climbed 1-3 bps across the curve yesterday. This was amid a soft auction for 5Y notes, which tailed by 0.7 bps (the weakest auction result for this tenor since November 2025). The yield on the 2Y UST rose 1 bp to 3.47%, while the yield on the 10Y UST was up 2 bps at 4.05%. Equities rose for a second day, as Nvidia Corp reported strong results that soothed market concerns over AI hyperscaler spending. The S&amp;P 500 and Nasdaq climbed 0.8% and 1.3% to 6,946 and 23,152, respectively.
US Trade Representative Jamieson Greer said President Donald Trump will sign a directive in the coming days to raise global tariffs to 15% “where appropriate”. Mr Greer added that it could take a few months for the administration to re-establish Mr Trump’s tariff regime in ways that uphold existing agreements in the wake of a recent Supreme Court ruling.


<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: SK Hynix, Shui On Land, Nickel Industries</li>
<li>US Treasuries were mostly steady yesterday, after the Fed kept rates unchanged as expected, with no guidance from Fed Chairman Jerome Powell on future rate decisions. The yields on the 2Y and 10Y UST fell 1 bp each to 3.57% and 4.24%, respectively.</li>
<li>Equities were mixed, with the S&amp;P 500 steady at 6,978 and the Nasdaq rising 0.2% to 23,857.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: SK Hynix, Shui On Land, Nickel Industries
US Treasuries were mostly steady yesterday, after the Fed kept rates unchanged as expected, with no guidance from Fed Chairman Jerome Powell on future rate decisions. The yields on the 2Y and 10Y UST fell 1 bp each to 3.57% and 4.24%, respectively.
Equities were mixed, with the S&amp;P 500 steady at 6,978 and the Nasdaq rising 0.2% to 23,857.


Australia

Nickel Industries Limited is an ASX-listed company that engages in nickel ore mining and the production of nickel pig iron, nickel matte, and mixed hydroxide precipitate. The company's products are used in the stainless steel industry and the electric vehicle supply chain. It was incorporated in 2007 and is based in Sydney, Australia.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nickel Industries (NIC AU)

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries UST yields fell 2-6 bps...

Lucror Analytics

Lucror Analytics - Morning Views Asia

Long-end UST yields fell marginally yesterday, rebounding from an earlier price drop on strong demand for an auction of 30Y TIPS, as well as haven...

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Shui On Land, Meituan, Nickel Industries, Tata...

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Medco Energi, Nickel Industries, Pakuwon Jati,...

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: SK Hynix, Shui On Land, Nickel Industries

Lucror Analytics

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)