Since October 2022, emerging market (EM) bonds have outperformed US Treasuries and corporate bonds, supported by positive economic momentum within EM countries, a resilient US economy, and the prospect of US rate cuts. While global growth may slow slightly, the outlook for EM bonds remains more optimistic than previously expected.
National Australia Bank (NAB) Predicts Major Interest Rate Cuts, Offering Hope to Homeowners, this report summarizes key findings regarding the NAB’s forecasts for interest rates in Australia and related economic commentary. Summary National Australia Bank (NAB) has predicted multiple interest rate cuts in Australia in the coming months, which they believe could provide relief to…...
With financial bond yields surging past 6% and trading activity intensifying, constructing a portfolio from the most actively traded dollar bonds offers both liquidity and resilience. A barbell bond portfolio strategically allocates investments to the short- and long-end of the maturity curve, deliberately minimizing or excluding exposure to intermediate maturities. The short-duration segment enhances portfolio…...
In light of renewed geopolitical tensions and market uncertainty—particularly surrounding a potential Trump 2.0 administration and its implications for emerging markets—we examined the performance of emerging market bonds. Despite rising concerns, history shows that EM bonds held up relatively well during Trump’s first term. Our analysis highlights the EM Model Portfolio (selected through the Bondwatch…...
Amid heightened volatility across global markets, dollar bonds have experienced significant movements, with yield spreads over U.S. Treasuries widening notably. In light of this, we have compiled a list of recently popular investment-grade dollar bonds issued by financial institutions, all offering yields above 6% and featuring an outstanding amount of over USD 500 million. The…...
Updated: Monday, May 01, 2025 As global investors recalibrate risk in an environment shaped by shifting central bank policies and uneven macro growth, Asia’s credit markets are emerging as a dual-engine for portfolio strategy in 2025. Investment Grade (IG) offers a foundation of stability and predictable yield, while High Yield (HY) showcases resilience, backed by…...
New Issue Recap Cur Issuer / Obligor Rating (M/S/F) Tenor / Maturity IPG / FPG Rank Denoms (k) Nature Price Guidance Yield (%) USD ST Engineering RHQ Ltd. AAA / / 5Y T+85 BPS AREA / Senior Unsecured 200 x 1 Live Deal 4.66 USD Korea Ocean Business Corporation Aa2 / / AA- 5Y CT5+…...
Report Date: April 28, 2025 BlackRock underscores economic resilience, T. Rowe Price flags volatility, JPMorgan projects steady growth, and John Hancock urges caution over trade disruptions. Summary This executive briefing consolidates market outlooks from BlackRock, T. Rowe Price, JPMorgan, and John Hancock Investments.BlackRock emphasizes resilient economic growth and cooling inflation, recommending continued equity exposure. T…....
New Issue Recap Cur Issuer / Obligor Rating (M/S/F) Tenor / Maturity IPG / FPG Rank Denoms (k) Nature Price Guidance Yield (%) USD Kookmin Bank Aa3 / A+ / 3Y T+120 bps area / Senior Unsecured 200 x 1 Live Deal 4.96 USD Xianning Urban Development (Group) Co., Ltd / / 3Y 8% Area…...
New Issue Recap Cur Issuer / Obligor Rating (M/S/F) Tenor / Maturity IPG / FPG Rank Price Guidance Yield (%) USD Nippon Life Insurance Company A3 / A- / 30NC10 7.250% area / Subordinated 7.25 USD KT&G Corporation A3 / A- / 3Y CT3+155bps area / Senior Unsecured 5.4 USD Sumitomo Mitsui Finance and Leasing…...
