New Issue Recap Cur Issuer / Obligor Rating (M/S/F) Tenor IPG / FPG Rank Denoms (k) Nature Price Guidance Yield (%) USD Korea Housing Finance Corporation Aaa / AAA / 5Y SOFR + 115bps area / Secured 200 x 1 Live Deal 5.43 SGD DBS Trustee Limited (IREIT Global) / / 3Y 6.25% area /…...
Today’s Brief Overall Market Sentiment Credit markets experienced a significant relief rally, responding strongly to the news of de-escalation in the trade tensions between the US and China over the weekend. This positive sentiment fueled a grab for risks in almost everything, leading to a strong session for cash credit. Markets closed at the tights…...
Today’s Brief US Treasury Market and Bond Yields On May 12, Treasury yields were higher before the opening bell. US Treasuries started the week on a sharply lower note. Intraday action saw a rise past the day’s opening levels, but the market found renewed pressure in the late morning, returning to lows as the day…...
YestClose 1D chg YTD chg YestClose 1D chg YTD chg Yields and Spreads (bps) Commodity DE10Y 2.65 8.6 28.1 Gold 3236.14 -2.70% 23.35% BP10Y 4.64 7.6 7.5 Silver 32.64 -0.40% 12.95% JP10Y 1.46 8.6 35.7 Copper 457.85 0.40% 12.79% AU10Y 4.41 0 4.9 Soybean 1066 2.80% 4.28% US10Y 4.45 9.2 -12 Wheat 499 -2.70% -11.29%…...
Overall Market Sentiment Credit markets rallied strongly following the weekend’s de-escalation in US-China trade tensions, triggering a broad risk-on response across global assets. Investor confidence improved notably, reversing defensive positioning and supporting credit and equity markets alike. Regional Market Performance Credit spreads compressed broadly across regions as optimism spread through global markets, especially in the…...
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%…...
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…...
