cbondsglobal

July 14, 2023, 6:52

🇺🇸US Treasury Securities

📉Yield Curve

UST 2Y YTM:
4.59% (🔻13 bp)
UST 5Y YTM:
3.93% (🔻14 bp)
UST 10Y YTM:
3.76% (🔻10 bp)
UST 30Y YTM:
3.90% (🔻6 bp)

U.S. Treasury yields were lower on Thursday after another June inflation print came in cooler than expected, reducing the likelihood of more aggressive interest rate hikes from the Federal Reserve.

Comment: CNBC

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cbondsglobal

July 8, 2023, 8:37

📝Over the past week, most of the local currencies of developing countries have weakened against the US dollar.

More data and real time exchange rates available at cbonds.com

✔️Full report

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​​✅Warrants Are Now Available on Cbonds

Warrants for shares have been added to the Cbonds database. The following warrants are available to users: issuer, exchange trading data, underlying asset, and expiration date. These can be found on the associated paper page. For example, the warrant on shares of the company 180 Life Sciences Corp can be found at the following link.

To date, the number of warrants covered is over 1,600 from 18 global sites, including major exchanges such as Nyse, Nasdaq and the Toronto SE. A complete list of warrants and covered venues can be found in the search on the site. Plans are also in place to add warrants from the Indonesian, Korean, and Tel Aviv stock exchanges. 

❓But what exactly is a warrant? 

A warrant is a financial tool that gives holders the right to buy various assets (shares, bonds, indices, currency pairs, etc.) at a fixed price up until a specified date (the expiration date). A warrant is issued as a separate security and can be traded independently from the underlying asset. 

By its characteristics, a warrant is similar to an option, but it still has a number of a distinctive features: 
✔ it is issued by the issuer of the securities; 
✔ it deals with shares on the stock market; 
✔ a warrant’s expiration period is longer than that of an option

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💰Largest EM issues of June 26-29

Issue | Volume

🇧🇷Brazil
Petrobras (Ba1/BB-/BB-), 6.5% 3jul2033, USD 1,25 bn
Initial issue price (yield): 99.096%
Bookrunner: BTG Pactual Holding, Banco Santander, Bank of Nova Scotia, Citigroup, Goldman Sachs, Itau Unibanco Holding, Mitsubishi UFJ Financial Group, UBS
Depository: Clearstream Banking S.A., DTCC, Euroclear Bank

🇨🇳China
Luye Pharma Group, 6.25% 6jul2028, USD (Conv.) 180 mln
Initial issue price (yield): 100% (6.25%)
Listing: Hong Kong S.E.
Bookrunner: UBS
Depository: Clearstream Banking S.A., Euroclear Bank

🔎BOND SEARCH

💰Largest HY issues of June 26-29

Issue | Volume

🇺🇸USA
Earthstone Energy (-/B/-), 9.875% 15jul2031, USD 500 mln
Initial issue price (yield): 97.968%
Spread to US Treasury bonds: 646 bp
The purpose of placing: Acquisition Financing, General Corporate Purposes
Bookrunner: BofA Securities, Capital One Financial Corporation, Citigroup, Citizens, Fifth Third Bancorp, JP Morgan, KeyBanc Capital Markets, Mizuho Financial Group, PNC Bank, RBC Capital Markets, Truist Bank, U.S. Bancorp, Wells Fargo
Depository: Clearstream Banking S.A., Euroclear Bank

Viking Cruises Ltd (-/B/-), 9.125% 15jul2031, USD 720 mln
Initial issue price (yield): 100%
Spread to US Treasury bonds: 539 bp
Bookrunner: BNP Paribas, BofA Securities, HSBC, Morgan Stanley, UBS, Wells Fargo
Depository: Clearstream Banking S.A., Euroclear Bank

🔎BOND SEARCH

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🔑 Rating Actions in Foreign Currency on June 28, 2023

🇨🇳S&P Global Ratings affirmed China at 'A+' with the stable outlook.

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🔎Upcoming issue

Issuer: Admiral

Issue description: UK insurance company, is preparing to refinance its only bond with a new bullet tier two capital note

Date: soon

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🔎Upcoming issue

Issuer: Criteria Caixa

Issue description: a €500m no-grow five year senior unsecured deal

Date: soon

Bookrunners and Lead Managers: Bank of America, HSBC, Morgan Stanley and Société Générale

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​​📈Currency Exchange Rates Monitor

Cbonds prepared a special report about currency dynamics in different emerging market regions.

Starting this week, we will be publishing such reports weekly to keep you in touch with currency movements. Exact values for all currencies and a lot of other financial information are available on our website.

👉Full report

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🔑 Rating Actions in Foreign Currency on June 27, 2023

🇲🇾S&P Global Ratings affirmed Malaysia at 'A-' with the stable outlook.

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cbondsglobal

June 28, 2023, 6:57

🇺🇸US Treasury Securities

📉Yield Curve

UST 2Y YTM:
4.74% (🔺9 bp)
UST 5Y YTM:
4.02% (🔺6 bp)
UST 10Y YTM:
3.77% (🔺5 bp)
UST 30Y YTM:
3.84% (🔺1 bp)

The yield on the US 10-year Treasury note hovered around 3.7% in the last week of June, as investors weigh fresh economic data pointing to a resilient economy and prospects that interest rates will continue to march higher. Durable goods orders beat forecasts for a third consecutive month, new homes sales surged to the highest level in over a year and the CB consumer confidence hit the highest level since early 2022.

Comment: Trading Economics

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