Chinese firms are increasingly feeling the effects of escalating tensions between Beijing and Washington. While the focus has been on TikTok and Huawei in recent months, China National Chemical Corp is the latest, to feel the fallout effects. The state-owned firm is struggling to elicit strong demand on unveiling $3 billion worth of bonds. China
Bonds
U.S corporate debt has hit a new milestone and could pose significant dangers should the economic downturn persist. A new report by Bank of America analysts indicates that U.S corporations owe creditors as much as $10.5 trillion, nearly half the total U.S GDP. U.S Corporate Debt The massive debt holdings in the form of bonds
Rising yields is the latest headache that the U.S Federal Reserve faces as it tries to reinvigorate an economy struggling to bounce back from the shackles of COVID-19. In recent days long term yields have risen to two-month highs, all but threatening economic growth. Rising Long Term Yields The 30-year had its finest run yet,
Tuesday took the markets higher across the board, with the Dow Jones Industrial Average climbing 0.76%, the Nasdaq up 1.39%, and the S&P 500 rising 0.75%. The European Stoxx 600 was down 0.35% with travel and leisure shares among the worst performers. Amazon continues its growth and flirted with a share price over $3,500 today,
Thursday markets were mixed and the Dow briefly turned positive for 2020, before slipping back down before the markets closed. The Dow ended up being up 0.6%, while the S&P 500 inched 0.2% higher, and the Nasdaq fell 0.3%. The Stoxx Europe 600 Index fell 0.6% to 370.72, this was the biggest fall in a
US Treasury yields are steadily feeling their way towards the month’s high. Data released by the Department of Treasury shows that yields of all long-term notes are climbing. Both the 20-year and the 30-year notes registered four basis points higher each by the end of business on Tuesday. Short-term Treasuries seem to be moving in
A pretty level Thursday in the markets, with the Nasdaq leading the charge, up 1.1%, while the S&P 500 gained 0.3%, and the Dow Jones climbed 0.2%. The Stoxx 600 European index dropped 1.07%. The Labor Department said Thursday that initial weekly jobless claims came in above 1 million, surpassing a Dow Jones estimate of
Global equities continued to race higher as the earnings season came to an end. The bond market also remains a buzz of activity as investors continue to shrug off record low interest rates on the Federal Reserve moving to bolster liquidity levels. Equities and Bonds Outlook Chinese stocks started the week on a roll rallying
The markets went for a mid-week rally Wednesday, with the Dow Jones closing up 1.05%, the Nasdaq climbed 2.13%, while the S&P 500 gained 1.4%, but fell just shy of hitting a record close. The European Stoxx 600 rose 1.11%. Facebook, Apple and Amazon enjoyed climbs of 1.4%, 3.3% and 2.6% Wednesday, while Netflix and
Bonds have been badly hit in the wake of the Federal Reserve printing trillions of dollars to calm the markets and revitalize economic growth. The central bank cutting interest rates to near-zero has seen investors shun bonds given the reduced rate of return. However, that does not mean it is all doom and gloom in
Alphabet Inc. (NASDAQ:GOOGL) is set to take advantage of low borrowing costs in the bond market on yields plunging to record lows. The tech giant has completed a $10 billion bond sale, raising cash to support groups hard hit by the COVID-19 pandemic. Alphabet Bond The cash-raising spree comes on the tech giant’s heels, reporting
The markets sent mixed messages to close on Thursday, which was a big earnings day in the tech sector. The Nasdaq closed 0.43% higher, while the S&P 500 was down 0.37% and the Dow Jones Industrial Average was down 0.85%. The Stoxx Europe 600 Index saw 2.2% dip. Apple, Amazon, Alphabet and Facebook jumped in extended trading as results
Junk bond investments are on the rise as investors continue to shun the risk that most of them present. The buying spree has come on the back of a challenging market environment that continues to deteriorate in the aftermath of the COVID-19 pandemic. Record low-interest rates have done little to curtail investor sentiments on junk
Editor’s Note: Due to issues with the Call Put Strike Podcast hosting service, we are not hosting the daily podcast today. Many of you may have noticed issues with truncated episodes last week and we apologize for the inconvenience it may have caused. The S&P 500 saw itself down 0.65% on Tuesday with the Dow
The Nasdaq found itself closing the week 0.9% lower on Friday, while the Dow Jones and S&P 500 both dipped 0.6% as we headed into the weekend. The Stoxx Europe 600 Index declined 1.7% to 367.29, which is the lowest in more than a week on the biggest drop in four weeks. Gold topped $1900
Treasury Yields are being hammered as uncertainty continues to grip the capital markets amid the havoc-causing COVID-19 pandemic. The 10-year Treasury note and the 30-year Treasury bond are on a downward spiral now that it has become clear that a new round of fiscal stimulus is highly needed to stabilize the struggling U.S economy. Bonds
Thursday saw all markets close in the red. The Dow Jones was down 0.5%, while the Nasdaq dropped 0.7% and the S&P 500 dipped to 0.3%. Amazon had a slightly down day by 0.3%, which left it sitting just below the $3,000 mark at $2,999.90. Microsoft and Apple both sunk by over 1%. Netflix was
The U.S bond market has always been bigger than the stock market, and the trend is not expected to change anytime soon amid a dovish outlook in the sector. Immediate data indicates that over $40 trillion is invested in the bond market against $30 trillion in the stock markets. Bond Markets Outlook Bonds have always
The cost of living has been steadily increasing every year. This is due to many factors, one of which being volatile market conditions. Inflation is tricky to deal with because there’s no predicting how much it will increase from one year to another. However, there are a few methods that you can use to protect
Bull vs. Bear When dealing with the terms ‘bear’ and ‘bull’ in regard to the stock market, it is important to be able to differentiate between the two. These words are describing the behavior of the market, and correspondingly, how well your portfolio will fare that day. Bear market A bear market means that the
The secondary muni market was dislocated Friday with high-grade block trading showing swings in yields and rate volatility and price discovery remain problematic for investors and issuers alike. After a week of large issuers bringing sizable deals, Friday did not fully commit to a more stabilized muni market. The news out of Washington did not
Cook County, Illinois, is bracing for a $200 million tax blow due to the economic shutdown brought about by COVID-19, the county’s finance team said Friday. That doesn’t account for an additional $60 million to $75 million whack to health system revenues, though some of that is expected to be reimbursed with hospital-related federal relief.
The next COVID-19 federal relief package should direct aid to municipalities to help replace lost revenue and smaller cities should receive a share, Chicago Mayor Lori Lightfoot said Thursday. While a series of packages have provided help on the expense side of dealing with the pandemic including the Coronavirus Aid, Relief and Economic Security Act
Wisconsin drew 15 bids and new investor interest on its first green-designated bonds as it stepped into a growing primary market Wednesday with $80 million of its triple-A state revolving fund bonds. Barclays submitted the winning bid on the competitive sale with a true interest cost of 2.64%. The cover bid came from Morgan Stanley
Trading in the secondary market saw AAA benchmark yields rise by three to five basis points but the primary market showed signs of life with several larger new deals getting done at appropriate levels given current market conditions as the coronavirus continues to ravage state and local credit quality. The municipal market weakened a little
As California and America look forward to relaxing restrictions, it’s time to look ahead to meeting the onrushing financial crisis. The coronavirus has created such a massive disruption to the world’s stock markets that almost all California public employee defined-benefit pension plans will never recover. At a minimum, they must be put on a fiscal
House Financial Services Committee Chairwoman Maxine Waters, D- Calif., wants the Federal Reserve to increase the parameters of its short-term note program and extend help to the secondary market. In a letter sent to Fed Chair Jerome Powell Thursday night, Waters said though the Fed’s Municipal Liquidity Facility helps provide liquidity to states and local
The Illinois Regional Transportation Authority plans to raise its short-term borrowing to help manage liquidity as the agency awaits federal help that should offset an expected $958 million blow to tax and farebox revenues caused by the COVID-19 pandemic. “We were originally going to do $150 million, but given the COVID situation we decided to
The municipal market was mostly quiet Friday as participants came off a week of a strong rally, an awakened new-issue market and the first fund inflows since February as they cautiously await another week with more deals on tap and continued questions of support out of Washington. Triple A benchmarks showed slight weakness with most
Illinois now carries three ratings at the lowest rung of investment grade after Fitch Ratings downgraded the state Thursday. Fitch cut the state’s issuer default and general obligation ratings by one level to BBB-minus from BBB, and also lowered its outlook to negative from stable, signaling its poor view of the state’s ability to weather
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