Market Overview The market was busy earlier in the day before tapering off, with spreads closing slightly off their widest points. Overall sentiment remained skittish and cautious, particularly in most cyclical sectors and tariff-levered tickers. Positioning was cleaner, showing renewed buy interest in previously less favored sectors like Autos. Stocks and US Treasuries whipsawed through…...
Franklin Templeton highlights a paradox in today’s policy landscape: while uncertainty dominates the outlook, policymakers still express directional conviction. Franklin Templeton warns of deep policy uncertainty while the Fed remains cautious amid strong U.S. fundamentals Key Point Conclusion The outlook is shaped by genuine macro uncertainty, driven primarily by policy unpredictability rather than cyclical weakness…....
Today’s Brief Overall Market Sentiment: The market experienced a busy morning that tapered off into the afternoon, with an early beta rally stalling out. Spreads closed a couple off the wides. The sentiment overall felt more positive after recent conversations but remained skittish and cautious across most cyclical sectors and tariff-levered tickers. Positioning was cleaner…...
Today’s Brief US Treasury Market and Bond Yields End of Day US Treasury yields as of Friday, May 9, 2025: Main factors influencing bond market trends include: Credit markets have largely followed equity markets in pricing a more benign, pro-growth economic scenario after the tumult of the tariff announcements last month. High yield credit spreads…...
YestClose 1D chg YTD chg YestClose 1D chg YTD chg Yields and Spreads (bps) Commodity DE10Y 2.56 2.7 19.5 Gold 3265.73 0.60% 24.43% BP10Y 4.57 2.1 -0.1 Silver 32.53 0.80% 12.57% JP10Y 1.4 3.4 30.3 Copper 465.35 1.10% 14.63% AU10Y 4.34 0 -2 Soybean 1044 1.30% 2.13% US10Y 4.41 0 -15.7 Wheat 505.5 -2.40% -10.13%…...
Company Profile: PNC Financial Services Group, Inc. The PNC Financial Services Group, Inc. is one of the largest diversified financial institutions in the United States. Headquartered in Pittsburgh, Pennsylvania, the company offers a comprehensive range of services, including retail banking, corporate and institutional banking, and asset management. PNC operates in 27 states and the District…...
New Issue Recap Issuer / Obligor Rating (M/S/F) Tenor / Maturity IPG / FPG Rank Nature Price Guidance Yield (%) Aurizon Holdings Limited Baa2 / BBB- / 30NC5.25 3mBBSW+ ** bps area** / Subordinated Live Deal 6.82 Aurizon Holdings Limited Baa2 / BBB- / 30NC5.25 S/Q ASW+ ** bps area** / Subordinated Live Deal 7.37…...
Today’s Brief Overall Market Sentiment Sentiment was broadly “risk on” and rosy, leading to a beta compression theme. Market flows felt more like tailwinds than headwinds. Secondary flows were better than the rest of the week but remained more muted than expected given issuance was done until Monday. As equities ramped higher, markets firmed up…...
Today’s Brief US Treasury Market and Bond Yields End of Day US Treasury yields numbers: The yield on the two-year note is more sensitive to changes in monetary policy. Rising short-term Treasury yields pushed the yield curve flatter, with the yield gap between the 2-year and 10-year Treasury benchmarks narrowing to the tightest levels in…...
YestClose 1D chg YTD chg YestClose 1D chg YTD chg Yields and Spreads (bps) Commodity DE10Y 2.54 6 16.8 Gold 3304.86 -1.70% 25.92% BP10Y 4.55 8.6 -2.2 Silver 32.4 0.00% 12.12% JP10Y 1.37 2.8 27.3 Copper 448.8 -1.20% 10.56% AU10Y 4.28 0 -8.2 Soybean 1036.5 0.60% 1.39% US10Y 4.36 10.9 -20.6 Wheat 513 -1.20% -8.80%…...
