JUNK BONDS RETAIN A SLIGHT EDGE OVER INVESTMENT-GRADE DEBT in net prices linked to actual trades despite lackluster bank earnings. Goldman Sachs sank 3.41 percent upon releasing weaker than expected revenue for the first quarter, meanwhile, Citigroup reported a rise in profit by 2 percent from a year ago lifted by an expansion in U.S. consumer banking. “Both our consumer and institutional businesses performed well and we saw good momentum in those areas where we have been investing,” stated Chief Executive Mike Corbat. 10-year Treasury note slipped 1.9 basis points. S&P -0.07%, DOW-0.11%, NASDAQ -0.07%.
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JUNK BONDS RETAIN A SLIGHT EDGE OVER INVESTMENT-GRADE DEBT
in net prices linked to actual trades despite
lackluster bank earnings
. Goldman Sachs sank 3.41 percent upon releasing
weaker than expected revenue
for the first quarter, meanwhile,
Citigroup reported a rise in profit
by 2 percent from a year ago lifted by an
expansion in U.S. consumer banking
. “Both our consumer and institutional businesses performed well and we saw good momentum in those areas where we have been investing,” stated Chief Executive Mike Corbat.
10-year Treasury note
slipped 1.9 basis points
. S&P
-0.07%,
DOW
-0.11%,
NASDAQ
-0.07%.
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Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
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News,
Syndicated Bonds,
syndicated,
research,
market update
RISK-ON SENTIMENT INTENSIFIED FOLLOWING A SLEW OF POSITIVE EARNINGS as the Dow Jones Industrial Average spiked 230 points. J.P. Morgan and Disney were among the companies that reported on Friday, J.P. Morgan announced the “impact of higher rates” elevated earnings, JPM closed 4.5 percent higher. Disney surged 11 percent after revealing a rival streaming service to Netflix. Economic concerns have dissipated, “Strength in [JPMorgan’s] consumer franchise shows that despite the uncertainty in the fourth quarter of last year, consumers continue to spend and give strength to the overall U.S. economy”. 10-year Treasury note rose 6.4 basis points. S&P +0.64%, DOW +0.96%, NASDAQ +0.44%.
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High Yield,
Investment Grade,
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RISK-ON SENTIMENT INTENSIFIED FOLLOWING A SLEW OF POSITIVE EARNINGS
as the Dow Jones Industrial Average
spiked 230 points. J.P. Morgan and Disney were among the companies that reported on Friday,
J.P. Morgan announced the “impact of higher rates”
elevated earnings, JPM closed 4.5 percent higher.
Disney surged 11 percent
after revealing a rival streaming service to Netflix. Economic concerns have dissipated,
“Strength in [JPMorgan’s] consumer franchise shows that despite the uncertainty in the fourth quarter of last year, consumers continue to spend and give strength to the overall U.S. economy”.
10-year Treasury note rose 6.4 basis points
. S&P
+0.64%,
DOW
+0.96%,
NASDAQ
+0.44%.
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
TREASURY YIELDS ROSE ON THURSDAY upon the release of positive economic data on the labor market calming fears of a slowing economy, 10-year Treasury note increased 3.4 basis points. Equities settled lower as investors anticipate a lackluster quarterly earnings season set to kick off this Friday. Chief equity strategist Terry Sandven at U.S. Bank Wealth Management sees opportunity, “Expectations for first-quarter results have been ratcheted down on the heels of sluggish global growth, so the bar is low and it could set the stage for upside surprises”. S&P -0.11%, DOW -0.19%, NASDAQ -0.31%
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TREASURY YIELDS ROSE ON THURSDAY
upon the release of positive economic data on the labor market calming fears of a slowing economy,
10-year Treasury note increased 3.4 basis points. Equities settled lower as
investors anticipate a lackluster quarterly earnings
season set to kick off this Friday. Chief equity strategist Terry Sandven at U.S. Bank Wealth Management sees opportunity,
“Expectations for first-quarter results have been ratcheted down on the heels of sluggish global growth, so the bar is low and it could set the stage for upside surprises”.
S&P
-0.11%,
DOW
-0.19%,
NASDAQ
-0.31%
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Topics:
High Yield,
Investment Grade,
Analytics,
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research,
market update
EU GRANTS BRITAIN SIX MORE MONTHS TO LEAVE THE BLOC
EXTENDING THE DEADLINE INTO OCTOBER, ALTHOUGH, IT COULD HAPPEN QUICKER ACCORDING TO THERESA MAY.
“There is huge frustration from many people that I had to request this extension, but it was the logical thing to do,” stated Theresa May. German Chancellor, Merkel mentioned, “An orderly exit by Britain can be best ensured if we
prolong the duration of a deal.” The ECB will keep its monetary policy as accommodative as possible to ensure positive growth across the economy. The
ECB hinted they will leave interest rates unchanged amid trade tensions and uncertainty around
Brexit. The
UK 10-year Gilt
increased five-basis points.
FTSE 100 -0.09%,
STOXX Europe 600
+0.13%,
CAC 40 +0.83%,
German DAX +0.34%.
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INVESTMENT-GRADE DEBT ROSE AGAINST JUNK BONDS in net prices linked to actual trades. Fed meeting minutes from March released on Wednesday indicated a holding pattern will continue, “A majority of participants expected that the evolution of the economic outlook and risks to the outlook would likely warrant leaving the target range unchanged for the remainder of the year”. 10-year Treasury note declined 3.1 basis points. S&P +0.27%, DOW -0.06%, NASDAQ -0.61%
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Topics:
Investment Grade,
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
News,
Syndicated Bonds,
research,
market update
INVESTMENT-GRADE DEBT ROSE AGAINST JUNK BONDS in net prices linked to actual trades. Fed meeting minutes from March released on Wednesday indicated a holding pattern will continue,
“A majority of participants expected that the evolution of the economic outlook and risks to the outlook would likely warrant leaving the target range unchanged for the remainder of the year”.
10-year Treasury note declined 3.1 basis points.
S&P
+0.27%,
DOW
-0.06%,
NASDAQ
-0.61%
Read More
Topics:
Investment Grade,
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
News,
Syndicated Bonds,
research,
market update
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