In today’s briefing:
- Lucror Analytics – Morning Views Asia
- EM Spreads – Weekly News & Views
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: SK Hynix
- Front-end UST yields declined on Friday, on the back of Fed Governor Christopher Waller’s comments that a rate cut could come as early as July. The UST curve bull steepened, with the yield on the 2Y UST falling 3 bps to 3.91%, while that on the 10Y UST declined 1 bp to 4.38%.
- Equities retreated amid escalating tensions in the Middle East. In addition, semiconductor stocks fell after WSJ reported that the US could revoke export waivers for Western chipmakers to manufacture in China.
EM Spreads – Weekly News & Views
- EM spreads hold steady, while LatAm spreads expand 5 bps.
- Brazil’s economic growth is expected to slow after four years above 3%, as persistent inflation, tight monetary policy, and limited fiscal adjustment weigh on the outlook.
- Minerva Announces Divestment of Uruguayan Asset to Allana / YPF Advances Divestment Strategy to Prioritize Vaca Muerta Development / CSN Cimentos Brasil Finalizes Terms of R$550 Million Debenture Offering
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