Bonds
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Stock market could rally after Fed's expected rate hike this week, with 10-year Treasury yield hitting 5% for first time since 2023
Wall Street widely expects the Federal Reserve to raise rates this week, with the market pricing in a 90% likelihood that the federal funds rate will rise to 3.75%-4.00% following Wednesday's decision
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Citadel Securities Sees Europe Bond Yields Capped by Weak Growth
According to Citadel Securities, the energy shock and central bank tightening that have driven European bond yields higher could ultimately put a lid on them by weakening the region’s economy.
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The U.S. 10-year government bond yield surpassed the 5% mark on Monday, reaching a new high for 2023.
U.S. Treasuries faced a new round of aggressive selling, with the 10-year yield hitting a high of 5.01%. Steven Barrow, Head of G10 Strategy at Standard Bank, warned that the sell-off is far from over
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US Private Credit Default Rate Hits a Record of 6.3%, Fitch Says
Fitch Ratings reported that the trailing 12-month private credit default rate for a group of 1,300 US private debt borrowers rose to 6.3% at the end of August. This figure surpasses the previous high
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Vale S.A. (VALE) Considers Debut Yuan Bond Issuance in China, Aiming to Diversify Funding and Deepen Ties
Brazilian mining giant Vale S.A. is exploring a potential Panda bond issuance in China's domestic bond market as early as this year. CFO Marcelo Bacci stated the company is preparing for the move, whi
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WSJ Opinion: U.S. Treasury's Bond Strategy Harms Taxpayers, Citing Flawed Justification for Doubling Long-Term Bond Purchases
WSJ Opinion: U.S. Treasury's Bond Strategy Harms Taxpayers, Citing Flawed Justification for Doubling Long-Term Bond Purchases
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The U.S. dollar saw its largest single-day gain since June as the 10-year U.S. Treasury yield surpassed 5%.
The dollar rose on Monday, poised for its best single-day performance since June, primarily driven by the U.S. 10-year government bond yield breaking above 5%.
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Bank of America estimates that if the Federal Reserve cumulatively raises interest rates by 75 basis points this year, annual interest expenses on short-term U.S. Treasury bills will increase by approximately an additional $50 billion.
Bank of America Chief Economist Aditya Bhave noted in his latest report that if the Federal Reserve raises interest rates by a cumulative 75 basis points this year as the market expects, annual intere
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Chase Home Loans launches a 3-week mortgage rate discount promotion, offering up to 0.25% off for new purchase and refinance loans
The promotion runs from Monday, Sept. 14, through Sunday, Oct. 4, and is available to both new and existing customers. This marks the third return of the "rate sale" by the national lender, applicable
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Bond Veteran Bassman Escalates Clash With $14 Billion ETF Issuer, Challenging Its Business Practices
Derivatives expert Harley Bassman,who invented the main gauge of Treasury volatility,sent a letter to the firm’s shareholders challenging its business practices, escalating a messy breakup with his fo
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The U.S. 10-year government bond yield rose to 4.97% on Monday, and Goldman Sachs expects the Federal Reserve to raise interest rates this week.
The U.S. 10-year Treasury yield rose to 4.97% on Monday, just 3 basis points shy of the 5% threshold, while the 30-year Treasury yield hovered at 5.35%. Brent crude prices climbed to $107 per barrel,
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Aon Kicks Off Seven-Part US Dollar Bond Sale to Fund $17 Billion USI Takeover from KKR
Aon Plc has kicked off a jumbo US investment-grade debt offering to help fund its planned $17 billion acquisition of USI Insurance Services from private equity firm KKR & Co..
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Morgan Stanley's Hornbach Expects Fed to Hike 25 Basis Points on Wednesday
Matt Hornbach, global head of macro strategy at Morgan Stanley, says that while a "one and done" hike is certainly a possibility, markets are not currently pricing that in.
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Junk-rated borrowers are refinancing €3.7 billion ($4.3 billion) in debt early, willing to accept significantly higher rates on fears that costs will rise even further if they wait.
Junk-rated borrowers are refinancing €3.7 billion ($4.3 billion) in debt early, willing to accept significantly higher rates on fears that costs will rise even further if they wait.
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Thirteen Chinese fund companies have submitted applications for the second batch of amortized cost bond funds, marking the re-opening of applications for such products after a five-year hiatus.
The China Securities Regulatory Commission (CSRC) disclosed that as of September 11, 13 Chinese fund companies, including Boda Fund, Eastmoney Fund, Taixin Fund, Oriental Alpha, Suxin Fund, Quanguo Fu
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AI Data Center Boom Is Changing CMBS Risks
The commercial mortgage-backed securities (CMBS) market, traditionally a key financing source for America’s offices, apartments, and malls, is being reshaped by a surge in data center deals. This tren
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WSJ analysis: Mortgage bonds face risks whether interest rates rise or fall
According to The Wall Street Journal's analysis, mortgage bonds are at risk in both rising and falling interest rate environments. The report notes that fewer people hold ultracheap mortgages than com
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Amundi Buys Two-Year US Treasuries to Hedge Against Growth Slowdown Risk
Amundi SA, Europe’s largest asset manager, is purchasing two-year US Treasuries as a hedge against the risk of economic growth slowing due to elevated oil prices. The firm is also actively seeking opp
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Bloomberg MLIV analysis suggests everything is now bullish for Treasuries
Bloomberg MLIV analysis suggests everything is now bullish for Treasuries, as discussed by Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore on "Bloomberg: The Opening Trade."
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The Bank of Japan (BOJ) is expected to raise interest rates by 25 basis points this week to 1.25%, a 31-year high, facing dual political pressure from both the US and Japan.
The Bank of Japan (BOJ) is expected to raise its policy rate by 25 basis points to 1.25% this week, the highest level in 31 years, an expectation fully priced in by the market. The current focus shift
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Pakistan raises record $3bn in largest-ever international bond sale, signaling shift from G2G borrowing
Pakistan secured the $3 billion from global investors, marking its largest-ever international bond sale. This move underscores the country's gradual shift away from intergovernmental loans, aiming to
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Australian Miner GM3 Seeks Cheaper Bond to Refinance $600 Million Private Loan
Australian miner GM3 is gauging investor sentiment for a possible bond issue to refinance a $600 million private credit loan, joining other borrowers turning to public debt markets to lower funding co
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Some investors are betting that New Zealand bonds will outperform their global peers, as slow economic growth will keep the central bank cautious on interest rate hikes.
Some investors are betting that New Zealand bonds will outperform their global peers, as slow economic growth will keep the central bank cautious on interest rate hikes.
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Yahoo Finance Analysis: A $780,000 portfolio can generate $4,750 monthly income without touching principal, using a five-fund mix
The analysis suggests a portfolio comprising JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Realty Income (O), iShares Core High Dividend ETF (HDV), Ares Capital (ARCC), and iShares Broad USD High
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Cracks are appearing in Europe's junk real estate bond market, with risky bonds plummeting and new issuances canceled.
Europe's real estate debt market is starting to show the strain of high interest rates, with prices for riskier bonds falling sharply and a rare cancellation of a new junk-rated bond issuance. Net Zer
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Bloomberg Markets: Investors are eager for long-term bonds, but companies are reluctant to sell
Investors currently have strong demand for long-term bonds, but companies are reluctant to issue such bonds, leading to a supply-demand mismatch in the market.
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Moody's downgrades Mozambique's credit rating to Caa3 due to increased Eurobond restructuring risk.
Moody's Investors Service downgraded Mozambique's credit rating by one notch to Caa3, citing increased risk of the country restructuring its sole Eurobond. The Caa3 rating is deep into junk territory.
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JPMorgan Chase expects investment-grade corporate credit markets to provide over $2.1 trillion in financing for data centers over the next five years.
AI investments continue to expand, but funding is not without bottlenecks. The combined capital expenditure guidance for the top five US cloud computing companies is projected to exceed $750 billion i
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Oracle's $18 billion AI loan is struggling to sell, with banks quoting prices down to 89-91 cents on the dollar, signaling emerging pressure in the AI financing chain.
Distribution of Oracle's approximately $18 billion syndicated loan for its Project Jupiter data center in New Mexico has stalled, with bank bids falling to 89-91 cents on the dollar, valuing the loan
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WSJ analysis suggests healthy economy and reduced tech issuance could support corporate bonds, advising against counting them out despite Fed rate hikes.
WSJ analysis suggests healthy economy and reduced tech issuance could support corporate bonds, advising against counting them out despite Fed rate hikes.
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U.S. stocks were mixed on Friday, with the S&P 500 edging up 0.2%, but weighed down by rising Treasury yields and oil prices.
U.S. stocks closed mixed on Friday, with the S&P 500 index edging up 0.2% to 7,650.50 points, the Dow Jones Industrial Average falling 0.2% to 51,682.64 points, and the Nasdaq Composite index rising 0
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Investors pulled approximately $1.8 billion from the municipal bond market this week, as state and local government debt returns are on track for a third consecutive monthly decline.
Investors pulled approximately $1.8 billion from the municipal bond market this week, as state and local government debt returns are on track for a third consecutive monthly decline.
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Partners Group is exploring an €800 million ($917 million) fund to hold its private credit loans longer
Partners Group AG is exploring a deal to shift around €800 million ($917 million) of its private credit loans into a continuation vehicle, according to people familiar with the matter.
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Bitcoin hits $81K as US bond yields rebound on global oil woes
Bitcoin price action made swift gains at the start of Friday’s Wall Street trading session as US 30-year bond yields began rising again.
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Short-Term Treasury Borrowing Costs Jump in Repo as Yields Surge
The cost to borrow key short-term Treasuries is jumping as investors load up on certain recently issued securities to set short positions, a move that could support next week’s US government debt auct
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Wall Street expert Harley Bassman warns flattening Treasury yield curve could deteriorate mortgage bonds, potentially impacting entire fixed-income market
Bond-market veteran Harley Bassman, creator of the MOVE Index, stated in a podcast interview published Thursday that mortgage-backed securities are increasingly risky for investors, citing a flattenin
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After U.S. Treasury yields surged past 5% to a new high not seen since 2007, funds have been "rushing into bonds," with year-to-date inflows reaching $625 billion, the highest for the same period since 2010.
The 10-year U.S. Treasury yield surpassed 5% this week, reaching its highest level since 2007, attracting a significant influx of capital into U.S. bond mutual funds and exchange-traded funds. Accordi
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Bloomberg Strategist Mike McGlone: 5% US Treasury Yields Warrant Selling Bitcoin and Gold
Bloomberg Senior Macro Strategist Mike McGlone stated that after the Federal Reserve's 25 basis point rate hike on September 16, bringing the federal funds rate to 3.75%-4%, the 10-year US Treasury yi
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Bonds of Brazilian steelmaker CSN performed strongly after the appointment of a new CEO, as investors are optimistic about its asset sale plan.
Bonds of Brazilian steelmaker Cia. Siderúrgica Nacional SA (CSN) have been among the best performers in emerging markets since the appointment of a new chief executive officer. Investors are betting t
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Dollar bonds of India's Shapoorji Group hit a record high as investors bet on a potential listing of Tata Sons.
Dollar bonds of Indian construction giant Shapoorji Pallonji Group hit a record high this week, as investors bet that the potential listing of Tata Sons Pvt. could help the Shapoorji Group unlock valu
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French bond risk premium rises to one percentage point amid debt risks, budget deficit and political uncertainty
A measure of French bond risk rose to one percentage point, a sign of growing caution among investors given the country’s large budget deficit and ongoing political uncertainty.
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Bybit to list TLTUSDT TradFi Perpetual Contract with up to 25x leverage
Bybit will list the TLTUSDT TradFi Perpetual Contract, offering up to 25x leverage. TLT is an ETF that tracks the ICE U.S. Treasury 20+ Year Bond Index.
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India's Shapoorji Pallonji Group seeks bond payment delay for one unit
India's Shapoorji Pallonji Group, known for the country's largest private credit deal, is in discussions with lenders to one of its units to extend a bond payment due at the end of September. This com
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Bloomberg Markets: U.S. Treasury yields have rarely broken above 5% since 2007, and bond income is alleviating some of the pain from the Treasury sell-off.
Bloomberg Markets: U.S. Treasury yields have rarely broken above 5% since 2007, and bond income is alleviating some of the pain from the Treasury sell-off.
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Amundi Strategist Berardi: Global Markets Still Face Vulnerabilities
Alessia Berardi, Head of Global Macro and Emerging Market Strategy at Amundi Institute, stated that global markets still face vulnerabilities amid central bank rate hikes, high energy prices, and fisc
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Soaring US Treasury yields offer a "silver lining," with some investors seeing a buying opportunity at 5% yields.
As the world's largest bond market remains under pressure, some investors see an attractive reason to buy U.S. Treasuries: yield. Driven by high inflation, ballooning budget deficits, and a surge in c
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PepsiCo's Bottler RJ Corp. Plans $105 Million Local Bond Sale
RJ Corp., parent of one of the largest PepsiCo Inc. bottlers outside the US, plans to raise 10.1 billion rupees ($105 million) through local-currency bonds, according to people familiar with the matte
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Barclays: Bank of England's plan to slow bond sales will ease repo pressure and provide tailwind for long-end gilts
Barclays: Bank of England's plan to slow bond sales will ease repo pressure and provide tailwind for long-end gilts
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Bonds
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Anthropic's potential $2 trillion IPO fuels nearly $80 million in crypto derivatives bets
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Nippon Life plans to invest $12.7 billion (2 trillion yen) in infrastructure financing, primarily for data center construction in the US
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NVIDIA CEO Jensen Huang rejected calls to slow down AI development, stating that AI should advance "as fast as possible" but emphasized that safety should not be sacrificed.
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Oracle's $18 billion AI loan is struggling to sell, with banks quoting prices down to 89-91 cents on the dollar, signaling emerging pressure in the AI financing chain.
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