News

📉 ECB and BOE will not join the Fed in its dovish path? 🔜📌 Even though investors are convinced that Central Banks must adopt looser monetary policy sooner rather than later, ECB is not in a rush to follow the Fed in its shift toward lower interest rates. Following...

Govies gain after Dovish statements from the Fed📍 Treasury bonds continued their November rally as investors assessed mixed sales of US government paper in the context of wagers that the Federal Reserve will stop raising interest rates. Strong demand was seen in the...

Chinese Housing market hits its eight-year lowest point📌 In October, China home prices saw their worst drop in in eight years, indicating that the country's real estate crisis is becoming worse despite the government's increased efforts to boost demand. According to...

New AT1 Bond issue from UBS since Credit Suisse collapse📌 The much-anticipated AT1 bonds will be sold by UBS and it will be the first time since CS’ write-down of about USD 17 billion debt. According to a person informed about the deal, there should be two tranches of...

Is the Fed done with hikes?📌 On Wednesday, Fed Chair Jerome Powell hinted that the central bank might be done with its ultra-aggressive tightening policy as it kept rates stable in the range of 5.25%-5.50% for two meetings in a row. He also stated that slowing down...

Update on ECB monetary policy📍 As expected, on Thursday, the ECB left interest rates on hold for the first time since June 2022 regardless of its view about a long-lasting high inflation environment. According to Lagarde, further hikes were not discussed during the...

Lower economic growth IS needed to reduce inflation-      Despite recent signs of decreasing inflation, Federal Reserve Chairman Jerome Powell stated on Thursday that the central bank will remain "resolute" in its commitment to its 2% target. Powell avoided committing...

Soft landing at risk with high long-term interest rates 📍 The Federal Reserve may be jeopardizing the economy's hoped-for soft landing by tolerating a rise in long-term interest rates to levels not seen since 2007. The jump raises the risk of a financial meltdown...

IG Corps turn to Convertible Bonds to lower financing costs 📍 A market that was generally intended for companies with below-investment-grade ratings is now also opening up to IG issuers. It is the case for convertible bonds, that can be exchanged with common stocks of...