BONDS
08 Dec
US consumer confidence slips as Democrats fret about tax cuts, U.Michigan says
bandera eeuu usa america

US consumer confidence cooled a tad at the start of December as some Americans reportedly fretted about the impact that the proposed tax cuts might have on economic prospects, according to the results of a widely-followed survey.

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08 Dec
US jobs growth beats forecasts in November, but wages fall short
actas fed reserva federal portada

The US jobs market continued generating jobs at a solid pace last month as accelerated hiring in mining and manufacturing offset a slowdown on the services side of the economy.

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07 Dec
IMF says China's banks need more capital after credit boom
bank-of-china

The International Monetary Fund has urged China’s banks to raise more capital to protect against risks caused by a credit boom.

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06 Dec
Bonds: Gross calls 2.0% top for Fed funds rate
actas fed reserva federal portada

These were the movements in some of the most closely-followed 10-year sovereign bond yields: US: 2. 34% (-1bp)UK: 1. 23% (-3bp)Germany: 0. 30% (-3bp)France: 0. 61% (-1bp)Spain: 1. 43% (+2bp)Italy: 1. 73% (+2bp)Portugal: 1. 88% (-1bp)Greece: 4. 81% (-3bp)Japan: 0. 06% (+1bp) .

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06 Dec
Hochschild Mining to redeem $295m of bonds
hochschild

Hochschild Mining has kicked off the process to redeem $294. 8m of its outstanding bonds in order to significantly reduce its interest payments.

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04 Dec
Some analysts sceptical of long-term impact of US tax cuts on economy
white house

The upper chamber of the US Congress approved a tax cut package at the weekend, possibly paving the way for final approval for as soon as the end of this week, but market commentary is quite divided on just how powerful a boost it will deliver to the economy and the price the country will have to pay in terms of an increased debt burden.

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01 Dec
Fed needs to move cautiously on interest rate hikes, Bullard says
bullard

US central bankers need to be more cautious, lest the interest rate curve 'invert', choking off growth, a top rate-setter said.

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30 Nov
Bonds: Gilts find bid after previous day's sell-off

These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 42% (+3bp)UK: 1. 33% (-1bp)Germany: 0. 37% (-2bp)France: 0. 68% (-3bp)Italy: 1. 75% (-4bp)Spain: 1. 45% (-4bp)Portugal: 1. 87% (-6bp)Greece: 5. 45% (-3bp)Japan: 0. 04% (+1bp) .

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28 Nov
UK and EU reach agreement on EU divorce bill, report says
libra 630 inglaterra uk pound

Westminster has reached an agreement with Brussels, in principle, on its so-called Brexit 'divorce bill', according to the Daily Telegraph.

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28 Nov
S&P reaffirms long-term debt rating for StanChart
standard chartered, stanchart, stan

Standard and Poor's reiterated its BBB+ rating on the long-term debt of Asia-focused Standard Chartered, confident in the lender's ability to continue improving the strength of its balance sheet and asset quality, while maintaining "robust" funding and liquidity profiles.

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26 Nov
South Africa under pressure after S&P cuts to 'junk', ANC congress in focus
Jacob Zuma

Standard&Poor's has become the second major agency to cut its rating on South Africa's long-term sovereign debt to 'junk' with the third, Moody's, placing its own ratings under review for a possible downgrade.

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25 Nov
Bonds: Gilts outperform
libra 630 inglaterra uk pound

These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 34% (+2bp)UK: 1. 25% (+0bp)Germany: 0. 36% (+1bp)France: 0. 70% (+2bp)Spain: 1. 49% (+2bp)Italy: 1. 81% (+3bp)Portugal: 1. 94% (+1bp)Greece: 5. 38% (+0bp)Japan: 0. 03% (+0bp) .

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23 Nov
South African Reserve Bank pauses interest rates ahead of debt rating decision
cbsudafrica

South Africa's central bank opted to leave interest rates on hold on Thursday, but the country is still facing several hurdles on Friday when several key ratings agencies are set to choose whether to downgrade the country's debt.

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23 Nov
Belgian business confidence rises above forecasts in November
stock exchange belgium brussels europe

Business confidence in Belgium rose more than expected in November, led by a sharp improvement in sentiment in busines-related services and construction.

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23 Nov
Several ECB rate-setters push to de-link forward guidance from QE, minutes show
cbdraghitrump

European Central Bank rate-setters believe their so-called 'forward guidance' has helped to anchor interest rate expectations within the bloc, the minutes of their last deliberations reveal, but several also pushed for more flexibility to allow for a quicker end to their asset purchases.

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23 Nov
Many on FOMC believe low inflation may also reflect persistent factors, minutes show
actas fed reserva federal portada

Central bankers in the States are pretty much set on raising their benchmark interest rate again when they meet again on 12-13 December, but the pace at which they will continue to do so in 2018 is less clear, the minutes of their policy meeting have revealed.

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23 Nov
Bonds: Gilts underperform amid Brexit talks optimism, Budget
London

These were the yields on some of the most widely-followed 10-year sovereign bond yields: US: 2. 32% (-4bp)UK: 1. 28% (+1bp)Germany: 0. 35% (+0bp)France: 0. 67% (-1bp)Spain: 1. 45% (-3bp) Italy: 1. 77% (-1bp)Portugal: 1. 91% (-1bp)Greece: 5. 37% (+3bp)Japan: 0. 03% (-0bp) .

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20 Nov
Moody's upgrades Vedanta Resources's corporate family rating
vedanta

Moody's upgraded the corporate family rating (CFR) of mining group Vedanta Resources on Monday as stabilising commodity prices looked set to enhance the company's EBITDA and cash flow generation.

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