In today’s briefing:
- BOC HK Launches $ Bond; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
- Ultrajaya Milk Industry (ULTJ IJ) – Perched on the top
- Asia HY Trade Book – February 2022 – Lucror Analytics
BOC HK Launches $ Bond; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
S&P and Nasdaq were near flat on Wednesday, after rallying up 1.6% and 2.5% on Tuesday. Most sectors were in the green, led by Energy and Materials and Industrials, up over 0.5% each. The US 10Y Treasury yield was flat at 2.03%. European markets were marginally lower with the DAX, CAC and FTSE down 0.3%, 0.2% and 0.1% each. Brazil’s Bovespa closed 0.3% higher. In the Middle East, UAE’s ADX was up 0.3% and Saudi TASI closed 1.2% higher. Asian markets have opened broadly higher with Shanghai, HSI and STI up 0.4%, 0.3% and 0.4% respectively, while Nikkei was down 0.2%. US IG CDS spreads were 0.2bp tighter and HY CDS spreads were 4.9bp tighter. EU Main CDS spreads were 0.05bp wider and Crossover CDS spreads were 0.8bp tighter. Asia ex-Japan CDS spreads were 1.6bp wider.
Ultrajaya Milk Industry (ULTJ IJ) – Perched on the top
Perched on the top
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.
Asia HY Trade Book – February 2022 – Lucror Analytics
The Asia HY Trade Book for the month of February includes a summary of our recommendations, as well as our high-conviction ideas. The report also features relative-value charts and lists of the bonds in the Lucror Asia HY index.
Before it’s here, it’s on Smartkarma
