INVESTMENT-GRADE BONDS EDGED OUT HIGH-YIELD DEBT as bond investors scaled back risk upon the market digesting the Feds dovish tone following yesterday’s conference. Data points to an expanding economy for the first time in five months aided by “a rebound in stock prices” and “accommodative financial conditions”. A Moody’s Analyst indicated expectations need to be reasonable for 2019, “The U.S. economy enjoyed a banner year in 2018, juiced up by massive deficit-financed tax cuts for individuals and businesses and increases in government spending,”. The 10-year U.S. Treasury note sank 8 basis point. S&P +1.09%, Dow +0.87%, NASDAQ +1.42%
Corey Mahoney
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Topics: Investment Grade, Analytics, bonds, bond market, market analytics, News, research, market update
Topics: High Yield, Analytics, bonds, junk bonds, bond market, market analytics, News, research, market update
THE FEDERAL RESERVE ABANDONS PLANS TO RAISE RATES IN 2019 dramatically shifting to a very dovish stance on economic policy. Jerome Powell reaffirmed his “patient” stance citing muted inflation, in addition, the Fed will terminate its balance sheet reductions in September. Powell stated, “I think we’re in a good place right now. We’re being patient, we’re watching, we don’t see any data pushing us to move rates in any direction. We’re going to watch carefully and patiently to allow events to evolve. And when they do clarify, we will act appropriately.” The 10-year U.S. Treasury note sank 8 basis point. S&P -0.29%, Dow -0.55%, NASDAQ +0.07%
Topics: Investment Grade, Analytics, bonds, bond market, market analytics, News, research, market update
Topics: High Yield, Analytics, bonds, bond market, market analytics, News, research, market update
JUNK BONDS PREVAILED AGAINST INVESTMENT-GRADE DEBT in net price gains linked to actual trades as a slight risk-on sentiment returns to the bond market. Investors are progressively becoming bullish on Treasuries as fewer investors are inclined to short Government bonds amid a surprise jump of weak economic data. Equities snapped a six-day win streak the, S&P slipped -0.01%, the Dow settled -0.09% lower, and the NASDAQ rose +0.12%. Gold ticked higher closing above $1,300 an ounce. The 10-year U.S. Treasury note rose 0.8 basis point.
Topics: Investment Grade, Analytics, bonds, bond market, market analytics, News, research, market update
Topics: High Yield, Analytics, bonds, bond market, market analytics, News, research, market update
INVESTMENT-GRADE DEBT EDGED OUT HIGH-YIELD DEBT in net prices linked to actual trades as investors carry over concerns about a slowing economy from last week. The market will keep a keen eye on the Fed meeting this week expecting no rate moves and a continued “patient” monetary policy stance. Treasury yields ticked higher in anticipation of changes with the FOMC’s dot plot disclosing individual members' opinions on rates. The 10-year U.S. Treasury note rose 1.4 basis point. S&P +0.24%, Dow+0.12%, NASDAQ +0.22%
Topics: Investment Grade, Analytics, bonds, bond market, market analytics, research, market update
Topics: High Yield, Analytics, bonds, bond market, market analytics, research, market update
INVESTMENT-GRADE DEBT REGAINED FAVOR as investors scaled back risk upon additional weak economic data released on Friday. Manufacturing output slipped for the second straight month extending fears of a slowing economy following the release of poor data earlier this week. Output dipped 0.4 percent in February and decreased 0.5 percent in January. The 10-year U.S. Treasury note declined 0.3 basis point. The S&P rose +0.50%, the gained Dow +0.54%, while the settled NASDAQ +0.59% higher.
Topics: Investment Grade, Analytics, bonds, bond market, market analytics, research, market update
Topics: High Yield, Analytics, bonds, bond market, market analytics, research, market update
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