Category

Credit

Sep 25
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Seazen Group, Cikarang Listrindo, Nickel Industries, China Vanke
  • UST yields declined 2-5 bps across the curve yesterday, driven by solid demand for a 2Y notes auction even as Fed officials gave differing views over future rate cuts. The UST curve bull flattened, with the yield on the 2Y UST dropping 2 bps to 3.59% while that of the 10Y UST decreased 4 bps to 4.11%.
  • Equities retreated from record-high levels after Fed Chairman Jerome Powell gave no indications of a rate cut in October during his policy speech. The S&P 500 fell 0.6% to 6,657, while the Nasdaq slumped 0.9% to 22,573.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 24
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: SJM Holdings
  • UST yields climbed 2-3 bps across the curve yesterday, rising for the fourth straight day after the Fed’s rate cut last week. The UST curve bear flattened slightly, with the yield on the 2Y UST rising 3 bps to 3.60%, while that on the 10Y UST increased 2 bps to 4.15%. Equities climbed for a third straight day.
  • The S&P 500 edged up 0.4% to a fresh record high (for the 28th time this year) of 6,694, while the Nasdaq was up 0.7% at 22,789.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 23
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: China Jinmao, ReNew Energy
  • UST yields climbed 1-2 bps across the curve on Friday, albeit there were no new macro developments. The yield on the 2Y UST rose 1 bp to 3.57%, while that on the 10Y UST was up 2 bps at 4.13%. Equities continued to rally and notched fresh records, with the S&P 500 and Nasdaq up 0.5% and 0.7% at 6,664 and 22,631, respectively.
  • US President Donald Trump wrote on Truth Social on Friday that he had a “very productive call” with Chinese leader Xi Jinping, including Beijing’s approval of a deal on TikTok. Mr Trump added that he would meet Mr Xi at the APEC summit in South Korea (to be held from October 31st to November 1st), and would visit China in early 2026.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 20
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Adani Ports
  • UST yields rose slightly yesterday led by the long-end, as the lower-than-expected initial jobless claims marginally pared market expectations for Fed easing. The UST curve bear-steepened, with the yield on the 2Y UST rising 1 bp to 3.56%, while that of the 10Y UST was up 2 bps at 4.11%.
  • Equities rallied to fresh record highs, supported by the dovish interest-rate environment. The S&P 500 and Nasdaq climbed 0.5% and 0.9% to 6,632 and 22,471, respectively.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 19
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Trung Nguyen

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Softbank Group
  • UST yields rose 5-7 bps yesterday, unwinding earlier declines in the aftermath of the Fed’s widely expected 25 bps rate cut. This was as Chairman Jerome Powell struck a cautious tone during the press conference and signalled less support for larger rate decreases.
  • The yield on the 2Y UST was up 5 bps at 3.55%, while the yield on the 10Y UST climbed 6 bps to 4.09%. Equities retreated slightly, with the S&P 500 and Nasdaq declining 0.1% and 0.3%, respectively.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 18
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Medco Energi, Melco Resorts
  • UST yields declined slightly, on account of a strong auction of 20Y notes. The UST curve bull-steepened, with the yield on the 2Y UST falling 3 bps to 3.50%, while the yield on the 10Y UST was down 1 bp at 4.03%.
  • The rally in equities halted ahead of the FOMC rate decision later today. The S&P 500 and Nasdaq both declined 0.1% each to 6,607 and 22,334, respectively.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 17
0

Daily Brief Credit: Citizens Financial Group: Strategic Approach to Competitive Market Forces to Maintain Profitability Without Compromising On Credit Quality! and more

By | Credit, Daily Briefs

In today’s briefing:

  • Citizens Financial Group: Strategic Approach to Competitive Market Forces to Maintain Profitability Without Compromising On Credit Quality!
  • Lucror Analytics – Morning Views Asia

Citizens Financial Group: Strategic Approach to Competitive Market Forces to Maintain Profitability Without Compromising On Credit Quality!

By Baptista Research

  • Citizens Financial Group reported its second quarter 2025 results, showcasing several financial highlights and strategic initiatives that reflect its current operational state and future outlook.
  • The company experienced a 3.3% increase in net interest income (NII) quarter-over-quarter, mainly driven by a net interest margin (NIM) expansion of 5 basis points to 2.95%.
  • There was also notable fee income growth of 10% linked quarter, paced by wealth management, card, and mortgage operations.

Lucror Analytics – Morning Views Asia

By Trung Nguyen

  • UST yields declined 2-3 bps yesterday, amid limited macro news and ahead of the Fed’s expected 25-bp rate cut on Wednesday.
  • The yield on the 2Y UST fell 2 bps to 3.54%, while that on the 10Y UST was down 3 bps at 4.04%.
  • Equities rose to fresh record highs, with the S&P 500 and Nasdaq up 0.5% and 0.9%, respectively. 

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 16
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia
  • EM Spreads – Weekly News & Views

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: SJM Holdings
  • UST yields rose on Friday, led by the belly and long end, unwinding part of last week’s yield decline. The yield on the 2Y UST was up 1 bp at 3.56%, while that on the 10Y UST advanced 4 bps to 4.06%.
  • Equities held steady near record high levels. The S&P 500 was unchanged at 6,584, while the Nasdaq rose 0.4% to 22,141.

EM Spreads – Weekly News & Views

By Leandro Gubler

  • Argentina’s election setback hit bonds, peso, and equities, reviving “Kicillof risk” and raising concerns over reform momentum, legislative gridlock, and elevated political risk premia.
  • Suzano priced $1bn 2036s inside guidance, highlighting strong demand and proactive liability management, while Pemex’s $9.9bn buyback and Moody’s B1 upgrade underscored sovereign support.
  • Markets diverged: LatAm credit widened on Argentine risk, EM and U.S. indices tightened, Argentina’s equities plunged, Brazil and Mexico rallied, oil softened, and U.S. Treasury yields declined.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 13
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: GMR Hyderabad, SK Hynix
  • Long-end UST yields fell yesterday, on the back of a solid auction for 30Y notes. In addition, market expectations for Fed rate cuts were firm, following the in-line core CPI data and higher than expected jobless claims.
  • The UST curve bull flattened, with the yield on the 2Y UST stable at 3.54%, while that on the 10Y UST declined 2 bps to 4.02%. Equities continued to rally, with the S&P 500 and Nasdaq up 0.8% and 0.7%, respectively.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 11
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Seazen Group
  • UST yields increased yesterday, led by the front end, as market attention shifted to the release of PPI and CPI data over the next two days. The UST curve bear-flattened, partly unwinding four straight days of yield declines. Yields on USTs rose 7 bps to 3.56% for the 2Y, and 5 bps to 4.09% for the 10Y.
  • Equities rallied to reach fresh record highs, as the expectation of Fed rate cuts offset the weakening jobs data. The S&P 500 was 0.3% higher at 6,513, while the Nasdaq increased 0.4% to 21,879.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free