BondEvalue

Credit

<img class="aligncenter" src="https://cdn2.hubspot.net/hub/2749033/hubfs/US%20Benchmark%20&amp;%20Global%20Indices%2018%20Aug.png?upscale=true&amp;%20Global%20Indices%2018%20Aug.png&amp;width=1400&amp;upscale=true&amp;name=US%20Benchmark%20&amp;%20Global%20Indices%2018%20Aug.png?upscale=true&amp;%20Global%20Indices%2018%20Aug.png" alt="US Benchmark &amp; Global Indices 18 Aug" width="801" height="430" align="center">
Rallying technology stocks helped the Nasdaq and S&amp;P inch higher and European indices were slightly higher with the exception of FTSE Milan, which underperformed amid concerns of an uptick in coronavirus cases in Italy. US treasuries recovered losses from last week’s record supply and yields were lower by 1-2bp. Europe and US CDS spreads were mostly unchanged and Asian risk assets are set for modest gains in Asia after a handful of deals were completed at the start of the week.
<img class="aligncenter" src="https://cdn2.hubspot.net/hub/2749033/hubfs/LinkdIn%20event%20cover%20-%201584%20X%20396.jpg?upscale=true&amp;width=1400&amp;upscale=true&amp;name=LinkdIn%20event%20cover%20-%201584%20X%20396.jpg" alt="LinkdIn event cover - 1584 X 396" width="700" align="center">
 
<h2>New Bond</h2>…

Morningstar

Morningstar, Inc.

Equity Bottom-Up

We revise our earnings estimates and fair value estimate for no-moat Virgin Australia. Virgin trades at a 10% discount to our revised AUD 0.24 fair value estimate but is not without risk. The current ownership structure offers low liquidity with only 10% free float, and we are currently seeing a subdued operating environment. Cost-out initiatives are guided to hit full pace by the end of fiscal 2019 but may coincide with higher oil prices and a weaker currency. Keeping a lid on costs and…

Australia

Virgin Australia Holdings Limited is an Australian-based  full service airline providing domestic and international operations.

Price Gauge
52-week Range	0.00 - 0.00
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