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Fixed Income

FTSE Russell to Add Indian and South Korean Bonds to Flagship Indexes in 2025

Global index provider FTSE Russell announced on Tuesday that it will include Indian sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) and South Korean government bonds in its World Government Bond Index (WGBI), both starting in 2025. The decision to include Indian securities, which will represent 9.35%

High Yield Bonds Outperform as US Economy Shows Resilience: Nuveen

Fears of a looming US recession are receding as economic data points to a more resilient consumer and cooling inflation, according to a note published by Nuveen on September 30. Last week, the U.S. Treasury yield curve continued to steepen, with risk assets broadly outperforming. The investment manager highlights

Leveraged Finance Markets Roar Back to Life in 2024

The high-yield bond and leveraged loan markets have experienced a dramatic resurgence in the first half of 2024, with issuance volumes soaring and spreads tightening to 15-year lows. According to Brian Tramontozzi, JP Morgan’s North American head of Leveraged Finance Capital Markets, this rebound is driven by a confluence

VIX Rebounds on Fed Rate Cut Uncertainty: Moody's Analytics

US credit markets are exhibiting mixed signals, with investment-grade credit spreads narrowing slightly while high-yield spreads widen, according to the latest report from Moody's Analytics. This divergence reflects a continued belief in a soft landing for the economy, but also growing concerns about the potential for stress among

Private Credit Growth Not Cannibalizing High Yield Market: JPMorgan

Despite the impressive expansion of private credit, which has seen assets under management soar to $1.2 trillion in the U.S., JPMorgan argues this growth is not coming at the expense of the high yield market. A note published by the bank on Friday acknowledges a 25% contraction in

China Turns to Ultralong Bonds to Boost Economy Amid Slowing Credit Growth

China will begin selling a series of long-term special treasury bonds this week, signaling Beijing's commitment to supporting its slowing economy, as reported by Nikkei Asia. The issuance, totaling 1 trillion yuan ($138 billion), will include 20-, 30-, and 50-year bonds, with the first batch of 30-year bonds

US High Yield Bonds Face Headwinds as Inflation Stalls: Nomura Reports

US high yield bonds edged lower in April, with the ICE BofA US High Yield Constrained Index (HUC0) declining 1.0% and reducing the year-to-date total return to 0.5%, according to a report published by Nomura. This decline is attributed to stalled progress on inflation and the subsequent rise

Inflation Concerns Weigh on Stocks and Bonds during April

Global equity and fixed income markets experienced a challenging April, driven by concerns over persistent inflation and expectations of prolonged high interest rates, according to a report published by JPMorgan. Rising US inflation data and resilient private demand, despite weak first-quarter GDP growth, have fueled concerns that central banks may

Treasury Signals Stable Debt Issuance, Calming Market Jitters

The US Department of the Treasury announced plans to raise approximately $17.2 billion through Treasury securities auctions next week, indicating a stabilization in borrowing needs after several quarters of increases. This news brought some relief to Treasury investors who have been closely monitoring the government's debt issuance
Treasury Signals Stable Debt Issuance, Calming Market Jitters

Treasury Yields Edge Higher as Investors Grapple with Mixed Economic Signals

Treasury yields edged higher last week, reflecting investor uncertainty amidst mixed economic data and anticipation of the Federal Open Market Committee's (FOMC) upcoming policy decision, says Raymond James in its latest report. Yields on the intermediate to long end of the curve rose between 3 and 6 basis