Research

Spotlight on a Popular Bond: NBNAUS 5.75% 06 Oct 2028 (USD)

Company Profile  NBN Co Limited is an Australian government-owned corporation established in 2009 to design, build, and operate the country’s national broadband access network. It provides wholesale services to Retail Service Providers (RSPs), who in turn deliver internet services to homes and businesses. As of June 2024, NBN Co served over 8.6 million premises, making…...

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Research

Expert Insights: Are US Treasuries Beginning to Crack as a Safe Haven? – AllianceBernstein

AllianceBernstein discusses the recent increase in policy uncertainty and market doubt regarding the roles of the U.S. dollar and U.S. Treasuries. Summary AllianceBernstein discusses the recent increase in policy uncertainty and market doubt regarding the roles of the U.S. dollar and U.S. Treasuries. While acknowledging the continued importance of these assets within the global financial…...

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Research

Expert Insights: Compelling Bond Market Opportunities Amid Heightened Macro Risks – Morgan Stanley

The rapid pace at which markets and the macro environment are shifting can make it difficult for investors to determine where, when and how to allocate capital. We believe that being “long flexibility” is key to navigating these turbulent times. Summary Amid heightened macroeconomic uncertainty, Morgan Stanley identifies compelling investment opportunities within the bond market…....

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Research

Expert Insights: The End of Exceptionalism – HSBC

Rethinking Portfolio Strategy Beyond the U.S. Treasury Safe Haven Summary The ‘Investment Monthly’ reported by HSBC Asset Management explores a pivotal transition in global markets. As fiscal and monetary policy uncertainty in the U.S. intensifies, U.S. Treasury bonds—once regarded as the ultimate “safe haven”—are under growing scrutiny. Elevated yields, geopolitical risks, and rising volatility signal…...

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Market & Trading

Credit Market Update: Quiet Macro, Active Micro: Credit Markets Drift Post-FOMC Amidst Diverse News

Market Overview Overall market sentiment is described as somewhat muted with a wait-and-see tone ahead of the Fed. The macro tone remains largely stable, but there’s no strong desire to ramp up risk. USTs finished unchanged to 3bp richer after whipsawing, gaining confidence from SLR reform comments. Regional In Asia, buying was seen from retail…...

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Market & Trading

Credit Flow Dynamics: Secondary Trading Slows Post-FOMC; Market Drifts Amidst Stable Rates, Mixed Corporate Flows.

Today’s Brief Overall Market Sentiment Sentiment is described as somewhat muted with a wait-and-see tone, particularly ahead of the Fed announcement. Overall sentiment continues to feel ‘fine,’ but no one is really clamoring to ramp up risk in a material way. Macro tone is largely stable. Stocks drifted lower before bouncing higher. USTs finished marginally…...

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Market & Trading

Markets Cheer Trade Talks as Fed Holds Rates Steady

Today’s Brief US Treasury Market and Bond Yields Economic Indicators and Events Monetary Policy and Economic Outlook Government and International Events… Membership Required You must be a member to access this content.View Membership LevelsAlready a member? ??????...

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Market & Trading

Daily Market Recap – May 8

YestClose 1D chg YTD chg YestClose 1D chg YTD chg Yields and Spreads (bps) Commodity DE10Y 2.48 -6.5 10.8 Gold 3397.77 -2.00% 29.47% BP10Y 4.46 -5.4 -10.8 Silver 32.73 -2.30% 13.25% JP10Y 1.28 4.3 18.4 Copper 460.65 -2.50% 13.48% AU10Y 4.23 0 -13.3 Soybean 1029 -0.40% 0.66% US10Y 4.28 -2.5 -29 Wheat 518 0.70% -7.91%…...

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