Investors should be using any geopolitically-induced weakness as buying opportunities, says JPMorgan. Rate expectations are likely to come lower in the second half while earnings growth forecasts are rising.
The private credit market has grown enormously fast in recent years — so much so that by some estimates it’s now bigger than the market for junk-rated corporate bonds. So what’s driven all that growth? What impact has private credit had on other types of corporate debt? And why are there so many concerns around the space right now? In this episode, we speak with John Sheehan and Craig Manchuck, two veteran portfolio managers for the strategic income fund at Osterweis Capital Management. We talk
Talk about a missed opportunity: the first competitive marathon runner to complete the race in under two hours wore Adidas sneakers — but runners who want to wear the same gear are not able to order it.
On today’s show, Iran has reportedly offered the US a new proposal to reopen the Strait of Hormuz. Oil pared gains and stocks advanced following the report by Axios. Iran’s semi-official news agency, Tasnim, says nuclear issues will not be discussed until the US ends its blockade of Hormuz. Axios says President Trump will hold a White House Situation Room meeting today.
And bond traders will be keeping a close eye on this week’s rate decisions by the world’s most important central banks. The Fed is set to lead the way with a hold, as policymakers watch for the impact of higher energy costs on inflation. The Bank of Japan, Bank of England and European Central Bank also publish rate decisions this week.
Correct: Video edited at 00;39;30 to show images of HSBC bank (Source: Bloomberg)
Emirates NBD Bank PJSC is looking to sell an Additional Tier 1 bond, in what would be the first offering of the riskiest type of bank debt by a Middle Eastern lender since the start of the war.
“He had a medical power of attorney since my mom was in a nursing home.”
Mark Dowding, chief investment officer for fixed income at RBC BlueBay Asset Management, says markets appear to be complacent about the economic fallout from the Iran war. “It has the echoes of what we saw in the run-up to Covid actually landing on our shores,” Dowding tells Bloomberg Television. “It was only when it disrupted our lives that it really had a greater disruption in financial markets. And I do worry that something similar like that could be true here.”
BP Plc, long the laggard among oil supermajors, is emerging as the sector’s top stock during the Iran war as it reaps “exceptional” trading profits and avoids the scale of production outages hurting rivals like Exxon Mobil Corp.
