BOND INVESTORS TURN BEARISH on longer-dated U.S. government debt following the release of asound June payroll report and reducing bets the Fed will cut interest rates this month. Analysts say a prolonged inverted yield curve is a predictor of a recession and has foreshadowed the last nine recessions. “It has to stay there for a couple of months before you start to worry. One month or so, we wouldn’t consider it a lengthy period of time,” said Falconio. “We believe it’s an indicator of a long-term recession, however, it isn’t signaling a recession any time soon.” The spread between the two and ten-year notes narrowed to 14.2 basis points, the closest since May 31st. The 10-year note advanced 0.8 basis points. S&P +0.12%, DOW -0.08, NASDAQ +0.54%
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
BOND INVESTORS TURN BEARISH
on longer-dated U.S. government debt following the release of a
sound June payroll report
and reducing bets the Fed will cut interest rates this month. Analysts say a prolonged
inverted yield curve is a predictor of a recession
and has foreshadowed the last nine recessions.
“It has to stay there for a couple of months before you start to worry. One month or so, we wouldn’t consider it a lengthy period of time,” said Falconio. “
We believe it’s an indicator of a long-term recession, however, it isn’t signaling a recession any time soon.”
The spread between the two and ten-year notes narrowed to 14.2 basis points, the closest since May 31st.
The 10-year note advanced 0.8 basis points
. S&P
+0.12%,
DOW -0.08,
NASDAQ
+0.54%
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
RETAIL SALES SLUMP IN BRITAIN rising at their
slowest average pace on record
in the twelve trailing months,
reporting a dismal 0.6 percent growth.
Low unemployment
has kept the economy afloat placing money into pockets of consumers however, they are
reluctant to reach in and spend it. “
Overall, the picture is bleak: rising real wages have failed to translate into higher spending as ongoing Brexit uncertainty led consumers to put off non-essential purchases.”
FTSE 100 -0.20%,
German DAX -0.88%,
CAC 40
-0.30%,
STOXX Europe 600
-0.54%. The
10-year
Gilt rose 0.2 basis points.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
U.S. STOCKS FELL TODAY, but all three major indices remain near record highs. Despite news of above-expected job growth in June, many investors anticipate an interest-rate cut at the end of the month, driving stock prices up. 10-Year Treasury yields fell 1.5 basis points as global investors continue to move into U.S. Government Bonds. S&P -0.48%, DOW -0.43%, NASDAQ -0.78%
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
U.S. STOCKS FELL TODAY, but all three major indices
remain near record highs. Despite news of above-expected job growth in June, many investors anticipate an interest-rate cut at the end of the month
, driving stock prices up. 10-Year Treasury yields
fell 1.5 basis points
as global investors continue to move into U.S. Government Bonds.
S&P -0.48%,
DOW -0.43%,
NASDAQ -0.78%.
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
IRELAND IS UNER PRESSURE FROM EU MEMBER STATES
to detail how it plans to keep its
border with Northern Ireland open
and remain a fully
compliant member of the EU's single market
as no-deal Brexit is on the horizon;
Prime Minister Leo Varadkar
says it would be
difficult but possible. Philip Rycroft, who resigned as the permanent secretary of the Department for Exiting the European Union (DExEU), says
everyone should be worried about a no-deal situation
"because that is a very major change and it would be a very
abrupt change to our major trading relationship."
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
THE U.S. ADDED 224,000 JOBS in June according the Department of Labor, surpassing the expected gain of 170,000. News of the report has eased economic worry and will likely affect the Federal Reserve’s decision to lower interest rates this month. As of now, some analysts predict a cut will happen later this year while others maintain there will be a 25-basis point cut at the end of the month. S&P -0.18%, DOW -0.16%, NASDAQ -0.10%.
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 U.S. ADDED 224,000 JOBS
in June according the
Department of Labor, surpassing the
expected gain of 170,000. News of the report has
eased economic worry
and will likely affect the Federal Reserve’s decision
to lower interest rates this month. As of now, some analysts predict a
cut will happen later
this year
while others maintain there will be a
25-basis point cut at the end of the month.
S&P -0.18%,
DOW -0.16%,
NASDAQ
-0.10%
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
THE CONTINUED BREXIT CRISIS CAUSES A UK ECONOMY SLOWDOWN as British employers and shoppers are
growing increasingly cautious. Although the
unemployment rate fell
to its lowest rate since 1975 at 3.8% in the first quarter of 2019, The Bank of England said Britain's economy
had nearly no growth in the April to June period. The
Bank of England Governor Mark Carney
suggests the no-deal Brexit and the rise in
protectionist trade policies pose great risk
to the British economy.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
SAFE-HAVEN ASSETS ROSE against junk bonds in net prices linked to actual trades once again driving the 10-year note below 2 percent. Gold rallies Tuesday following its sharpest daily drop in more than a year “as global slowdown worries are growing” among the markets. Investors anxiously await payroll figures to be released on Friday after the Independence Day on Thursday to decide on their risk appetite. The 10-year note sank 4.8 basis points. S&P +0.29%, DOW +0.26, NASDAQ +0.22%.
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
.png)
