FlowBank

1172 days ago

Chart of the day: the largest 2-month U.S Treasury issuance ever

In November & December the U.S government issued $505B worth of Treasury notes and bonds. This the largest 2-month issuance ever. The Fed “only” bought 1/3 of that. Source: Crescat Capital 

#Bonds
U.S Treasury Issuance

1175 days ago

Yields have been pushed down by central banks since high March levels

The ICE BofA index for triple B-rated corporate bonds traded in euros yield 0.38 per cent compared to a high above 2% during the peak of March madness. Some budget airlines companies have credit ratings at the lowest level of investment grades and with a negative outlook from rating agencies, they could slip into junk bond status.

#Bonds

1175 days ago

Municipal bond prices surge with Democrats holding the senate.

Biden's $1.9 trillion stimulus plan included a $350 billion for state and local governments. Investors have directed $2.5 billion into funds that invest in muni debt the biggest inflow of the decade. This also means prices on lower rated state and local government debt has rallied. Source: FT 

#Bonds
MUNICIPAL BONDS SHOOT UP

1175 days ago

Corporate bonds have surged during pandemic

Global corporate bond and syndicated loan issuances have blown up far past 2008 levels. Source: FT 

#Bonds

1176 days ago

Italian yields jump with Renzi set to pull support for gov't coalition

Rumours Italian government coalition about to break apart - yields (cost of borrowing) rising on the political uncertainty

#Bonds
Italian yields jump with Renzi set to pull support for gov't coalition
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