IN BRUSSELS THE EUROPEAN COMMISSION DECLARED Italy’s ballooning debt will
violate the agreed budget
potentially leading to the EU
imposing sanction
on the state. The EU made known Italy’s economy is deteriorating
, "When we look at the Italian economy, we are seeing the damage recent policy choices are doing". In addition, on Wednesday the IMF
advised Italy presents a “major risk”
to the Euro. The
10-year
Gilt sank 3.5 basis points.
FTSE 100 +0.08%,
German DAX +0.08%,
CAC 40 +0.45%,
STOXX Europe
600
+0.38%.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
THE FEDERAL RESERVE INDICATED A POSSIBLE RATE CUT if trade tensions escalate and begin to hamper the economy. Jerome Powell stressed, “We are closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion.” Delivery of July West Texas Intermediate rose 0.54 percent reversing four straight sessions of declines. Heightened global trade concerns and volatile markets caused crude to tumble as investors fear demand could be impacted. The 10-year note further gained 5.8 basis points. S&P+2.14%,DOW +2.06,NASDAQ+2.65%.
Read More
Topics:
High Yield,
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
Finance,
Fixed Income,
News,
Syndicated Bonds,
syndicated,
research,
market update
THE FEDERAL RESERVE INDICATED A POSSIBLE RATE CUT
if trade tensions escalate and begin to
hamper the economy. Jerome Powell stressed,
“We are closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion.” Delivery of July
West Texas Intermediate
rose 0.54 percent reversing four straight sessions of declines. Heightened global
trade concerns and volatile markets
caused crude to tumble as investors fear demand could be impacted.
The 10-year note further gained 5.8 basis points
. S&P
+2.14%,
DOW +2.06,
NASDAQ
+2.65%.
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
UK CONSTRUCTION ACTIVITY SUDDENLY CONTRACTED IN May to 48.6 falling short of expectations and Aprils record high of 50.5.
“Commercial building remained hardest-hit by Brexit uncertainty, with construction firms reporting the steepest fall in this category of activity since September 2017.” Construction and engineering firms are
taking a significant
hit
as Brexit uncertainties persist along with a weak economic outlook. The
10-year
Gilt rose 3.9 basis points.
F
TSE 100 +0.38%,
German DAX +1.53%,
CAC 40
+0.54%,
STOXX Europe 600
+0.58%.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
MANUFACTURING IN MAY EXPANDED AT ITS SLOWEST RATE in over two years slipping to 52.1 from 52.8 from April. The sentiment downturn is linked to recent trade threats made by the White House and indications pointing to a slowing global economy. The sector is also being hindered by responses from countries following increased tariffs from the US. The 10-year note further fell 5.6 basis points. S&P-0.61%, DOW -0.30%, NASDAQ -1.97%.
Read More
Topics:
High Yield,
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
Finance,
Fixed Income,
News,
Syndicated Bonds,
syndicated,
research,
market update
MANUFACTURING IN MAY EXPANDED AT ITS SLOWEST RATE in over two years
slipping to 52.1
from 52.8 from April. The sentiment downturn is linked to
recent trade threats
made by the White House and indications pointing to a
slowing global economy. The
sector is also being hindered
by responses from countries following increased tariffs from the US.
The 10-year note further fell 5.6 basis points
. S&P-0.61%,
DOW -0.30%,
NASDAQ
-1.97%.
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
THE EUROPEAN COMMISSION IS PROBING AN ANTITRUST CASE where Spotify claims
Apple’s 30 percent App Store fee is unfair
and the
restriction on third-party developers
from communicating with customers is unnecessary. Three years ago European Competition Commissioner Margrethe Vestager
demanded Apple repay 13 billion euros
to Ireland following an
illegal tax incentive deal. The
10-year Gilt declined 2.5 basis points.
F
TSE 100 +0.30%,
German DAX +0.42%,
CAC 40
+0.52%,
STOXX Europe 600
+0.30%.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
SAFE-HAVEN ASSETS SOARED WHILE EQUITIES TUMBLED ON FRIDAY following the White House announcing tariffs on Mexican goods. The 10-year note plummeted 8.2 basis points, shedding 18 basis points this past week slipping to 20-month lows. JPMorgan predicts there will be two interest rate cuts by the end of the year given the new tariff threats. S&P -1.32%, DOW +1.41, NASDAQ -1.51%.
Read More
Topics:
High Yield,
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
Finance,
Fixed Income,
News,
Syndicated Bonds,
syndicated,
research,
market update
SAFE-HAVEN ASSETS SOARED WHILE EQUITIES TUMBLED ON FRIDAY
following the White House announcing tariffs on Mexican goods. The
10-year note plummeted 8.2 basis points, shedding
18 basis points this past week
slipping to 20-month lows.
JPMorgan predicts
there will be
two interest rate cuts
by the end of the year given the new tariff threats.
S&P
-1.32%,
DOW +1.41,
NASDAQ
-1.51%.
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
NEARLY HALF OF EURO GOVERNMENT DEBT is yielding less than zero percent, the Netherlands is the latest country to see negative yields. The proportion of
negative yielding debt
hit its highest level since September 2016
tallying $3.71 trillion euros or 48 percent. Elevated trade tensions, Brexit uncertainty, and fears over Italy’s budget resulted in the
accelerating trend. The
10-year
Gilt fell 2.1 basis points.
F
TSE 100 -0.91%,
German DAX -1.58%,
CAC 40
-1.14%,
STOXX Europe 600
-1.05%.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
.png)
