In today’s briefing:
- Lucror Analytics – Morning Views Asia
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: China Hongqiao, Adani Green Energy, Fosun International
- In the US, the final services PMI for December 2024 edged up to 56.8 (56.1 p), while the composite PMI rose to 55.4 (54.9 p). Separately in November, factory orders declined 0.4% (-0.3% e / 0.5% revised p), and the final durable goods orders fell 1.2% (-0.5% e / -1.1% p).
- Long-end treasury yields climbed, with the UST curve bear-steepening after a weak auction of 3Y notes and amid a large supply of US corporate bond issuances.
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