Cbonds

📊𝗖𝗯𝗼𝗻𝗱𝘀 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 𝗜𝘀𝘀𝘂𝗲 𝗦𝘁𝗮𝘁𝗶𝘀𝘁𝗶𝗰 𝗮𝗻𝗱 𝗟𝗲𝗮𝗴𝘂𝗲 𝗧𝗮𝗯𝗹𝗲𝘀 𝗳𝗼𝗿 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟬𝟮𝟰 August Highlights: 📉The amount of new issues significantly decreased in August 2024 for 30% compared to July 2024. However, the volume of issued bonds increased compared to August 2023, both for the market as a whole and for the DM market by 13% and 10%, respectively. The growth in the EM market has exceeded the corresponding figure for the previous year by 38%. 🌐Only 3 sovereign issuers tapped the global debt market in August 2024, placing 6 Eurobonds for a total of $5.6 bn. Peru was the most active participant of sovereign debt market with two Eurobonds for the total amount equal to $3 bn. Philippines issued three Eurobonds for the total amount equal to $2.5 bn 👶Debut issuers raised $12.2 bn on the international bond market in August 2024. Emerging market emitents share is equal to 8.5% in August. 15142083 Canada Ltd., wholly owned subsidiary of the South Bow Corporation which provides a variety of midstream services related to its liquids pipelines network, issued largest debut Eurobond of August for $4.5 bn in six tranches. 🌱The amount of new ESG issues placed in August 2024 is equal to $30.8 bn. The amount of newly issued ESG bonds this month increased by 74% compared to August 2023, demonstrating a third consecutive month of excess over last year's output. Green bonds represent the largest part of all ESG issues placed in 2024 - 54%. 💬Contact details: global@cbonds.info #fixedincome #ESG #bondmarket #cbonds #finances #bonds #eurobonds #greenbonds #emergingmarkets

𝐗𝐈 𝐂𝐛𝐨𝐧𝐝𝐬 𝐅𝐢𝐱𝐞𝐝 𝐈𝐧𝐜𝐨𝐦𝐞 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟏𝟒, 𝟐𝟎𝟐𝟒 We are approaching the biggest event organized by Cbonds—our traditional global Fixed Income Conference in Dubai. Act now to secure your spot. The number of attendees is limited. https://lnkd.in/eqg7UUCy #cbonds #fixedincome #bondmarket #conference #dubai

💼𝗖𝗯𝗼𝗻𝗱𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗥𝗲𝘃𝗶𝗲𝘄 – all the latest updates in the world of Eurobonds 🌍The global bond markets rally of the previous week was substituted by a calmer, but firm consolidation. Values of the 𝗨𝗦 𝘆𝗶𝗲𝗹𝗱 𝗰𝘂𝗿𝘃𝗲 stayed 𝗳𝗹𝗮𝘁 as there was no significant change in the market sentiment. USD international bonds issuance remained strong yet below the striking numbers of the previous week. The 𝗘𝗠 𝗬𝗧𝗠 𝗜𝗻𝗱𝗲𝘅, calculated by Cbonds, 𝗱𝗲𝗰𝗿𝗲𝗮𝘀𝗲𝗱 by 3 basis point. 🏙In emerging markets, Chinese real estate sector remains in the spotlight as its free fall continues. Large-scale programs implying purchase of large swatches of unsold property for public housing purposes have proven slow in implementation after having been announced in May this year. 📈In developed markets, bonds of 𝗕𝗼𝗲𝗶𝗻𝗴 were up following the settlement of a major labour dispute at the company's bringing the strike at the company's factory in Seattle to an end. 𝗢𝗿𝗮𝗰𝗹𝗲's shares rose to the record high after the recent financial reporting dragging the bonds along. 📉𝗩𝗼𝗱𝗮𝗳𝗼𝗻𝗲's papers fell in price after the negative intermediate conclusion of the UK competition authorities on its proposed merger with Hutchison 3G UK. 🏛ECB rate cut has not caused markets to move significantly however the future rate trajectory remains in question. Wednesday’s CPI data in the US showcases stubborn inflation bringing down the odds of the 50-bps rate cut in favour of 25 points. The Fed meeting is scheduled for September 17-18. #bondmarket #cbonds #finances #bonds #eurobonds #emergingmarkets #fixedincome

The conference Capital Market of the Republic of Uzbekistan will be held tomorrow. As part of the official agenda, the section "Alternative investment instruments and development of Islamic finance" will be held. This panel will be moderated by Otabek Nasirov, Partner at SBO Insights We expect exciting discussions and expert opinions on promising trends in alternative investments and Islamic finance. Otabek Nasirov, with his extensive experience and deep understanding of the market, will ensure a productive dialogue between the participants. #Cbonds #EmergingMarkets  #FixedIncome #bonds #finance #banking #investment #events #capitalmarkets #FinanceConference #DCM

💼𝗖𝗯𝗼𝗻𝗱𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗥𝗲𝘃𝗶𝗲𝘄 – all the latest updates in the world of Eurobonds 📊In anticipation of the rate cuts in mid-September, the global bond markets rallied last week. Values of the 𝗨𝗦 𝘆𝗶𝗲𝗹𝗱 𝗰𝘂𝗿𝘃𝗲 𝗳𝗲𝗹𝗹 across all maturities as the jobs data turned out to be poorer than expected. US international bonds saw a frenzy of new issues powered by the issuer's wish to make use of the favorable yield levels and the end of the summer low season. The 𝗘𝗠 𝗬𝗧𝗠 𝗜𝗻𝗱𝗲𝘅, calculated by Cbonds, 𝗱𝗲𝗰𝗿𝗲𝗮𝘀𝗲𝗱 by 12 basis points. 🌍In emerging markets, after a short-lived rebound, a new set of multi-year low data has caused 𝗖𝗵𝗶𝗻𝗲𝘀𝗲 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝘀𝗲𝗰𝘁𝗼𝗿 bonds to 𝘁𝘂𝗺𝗯𝗹𝗲. At the same time, the 𝘁𝗼𝗽 𝗴𝗮𝗶𝗻𝗲𝗿𝘀 list is dominated by 𝗻𝗼𝗻-𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝘀𝗲𝗰𝘁𝗼𝗿 firms from 𝗖𝗵𝗶𝗻𝗮 and 𝗛𝗼𝗻𝗴 𝗞𝗼𝗻𝗴 reflecting mixed signs around the business activity in the economy. 📈In developed markets, the bonds of 𝗚𝗦𝗞 𝗣𝗟𝗖 experienced an upward correction after the previous week's fall. Bonds of 𝗠𝗲𝘁𝗮 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 inched higher as a result of a legal victory over its misinformation policy case. 🗣The central stage of last week’s discussions around the bond market was the magnitude of the 𝗿𝗮𝘁𝗲 𝗰𝘂𝘁𝘀 from the 𝗙𝗲𝗱 and 𝗘𝗖𝗕 to come in the middle of the month. Substantial downward revision of this year’s job creation data fuels the fears of recession and has already pushed the odds of a 50 bp Fed rate higher than that of 25 bp. Meanwhile, as the sovereign yields are diving lower, so are the credit spreads supporting the strong issuing activity. #bondmarket #cbonds #finances #bonds #eurobonds #emergingmarkets #fixedincome

📈𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗦𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻 𝗗𝗲𝗯𝘁 𝗣𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁 𝗶𝗻 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟬𝟮𝟰 𝘊𝘣𝘰𝘯𝘥𝘴 𝘪𝘴 𝘦𝘹𝘤𝘪𝘵𝘦𝘥 𝘵𝘰 𝘴𝘩𝘢𝘳𝘦 𝘰𝘶𝘳 𝘭𝘢𝘵𝘦𝘴𝘵 𝘳𝘦𝘷𝘪𝘦𝘸 𝘰𝘧 𝘪𝘯𝘪𝘵𝘪𝘢𝘭 𝘱𝘶𝘣𝘭𝘪𝘤 𝘥𝘦𝘣𝘵 𝘰𝘧𝘧𝘦𝘳𝘪𝘯𝘨𝘴 𝘧𝘰𝘳 𝘈𝘶𝘨𝘶𝘴𝘵. In August 2024, emerging market governments issued bonds worth $259 billion up from $199 billion in July. It was the highest amount since Cbonds started publishing the report in January 2024. 🏮𝗖𝗵𝗶𝗻𝗮 is traditionally the main driver behind the overall shifts in volumes. After the 3rd plenum of the Central Committee, the government is rolling out substantive stimulus measures to revive growth momentum and, in particular, consumption expenditure. 📊Besides, taking on more debt in the form of ultra-long securities on the central government’s balance sheet is aimed at relieving the burden of debt-distressed provincial budgets. Increased issuance can also be interpreted as a way to discourage the perceived building up of a bond market bubble as both institutional and retail investors rush into sovereign debt. 🌍Broadly speaking, as the rate cuts are approaching globally and in many emerging economies, there is no urge to place much fresh debt at the moment. That is why the overall amount of debt placements is currently expanding at a gradual pace (+6% without China). 🕌China excluded, the volume of placements in 𝗔𝘀𝗶𝗮𝗻 emerging markets rose 5% owing to higher amounts in 𝗜𝗻𝗱𝗶𝗮. 📈In 𝗟𝗮𝘁𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮, a 3 billion increase (+14%) can be attributed to 𝗔𝗿𝗴𝗲𝗻𝘁𝗶𝗻𝗮 getting back on track in terms of bond issuance after 2 months of miniscule placements. 📉𝗔𝗳𝗿𝗶𝗰𝗮 presents a different picture with the lowest placement volume in 2024. Following the slump in the issuing activity of the two top regional borrowers – South Africa and Morocco, – the region lost 13% month-on-month. 🏜️Finally, in the 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁, an increase in placement volumes in 𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮 brought a moderate 5% increase. #Cbonds #EmergingMarkets #SovereignDebt #FinancialAnalysis #GlobalFinance #FixedIncome #bonds

Cbonds Italia Youtube channel now has more than 10K followers! Our channel features tutorials on how to make the most of Cbonds, expert-led seminars, market analysis, and hosts the weekly edition of Cbonds Italia news. Follow us on YouTube and register at cbonds.it to stay informed about everything related to the Italian bond market!

Why attend our upcoming webinar, "𝗧𝗵𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗼𝗳 𝗔𝗿𝗺𝗲𝗻𝗶𝗮: 𝗧𝗼𝗽 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀"? 1. Over the past 20 years, the Armenian dram has been one of the few currencies to strengthen against both the US dollar and the euro. 2. Combined with the dram's stable exchange rate, local bonds are offering yields of nearly 10% annually. 3. With the Central Bank of Armenia currently in a cycle of lowering interest rates, coupled with moderate inflation and the anticipated easing of monetary policy in developed Western countries, now presents an excellent opportunity to invest in Armenian local bonds! 4. 𝗖𝗯𝗼𝗻𝗱𝘀.𝗰𝗼𝗺 𝗶𝘀 𝗮 𝘂𝗻𝗶𝗾𝘂𝗲 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺 𝗮𝗰𝗰𝗲𝘀𝘀𝗶𝗯𝗹𝗲 𝗲𝘃𝗲𝗻 𝘁𝗼 𝗿𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀, 𝘄𝗵𝗲𝗿𝗲 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗳𝗶𝗻𝗱 𝗹𝗼𝗰𝗮𝗹 𝗔𝗿𝗺𝗲𝗻𝗶𝗮𝗻 𝗯𝗼𝗻𝗱𝘀 𝗮𝘀 𝘄𝗲𝗹𝗹 𝗮𝘀 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻 𝗯𝗼𝗻𝗱𝘀 𝗳𝗿𝗼𝗺 𝗲𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝘄𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲. Discover more by registering for our event! #Armenia #investment #bondmarket #cbonds #sovereigns #fixedmarket

💼𝗖𝗯𝗼𝗻𝗱𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗥𝗲𝘃𝗶𝗲𝘄 – all the latest updates in the world of Eurobonds 🌍The last week for the global bond market was generally devoid of major shifts. Values of the 𝗨𝗦 𝘆𝗶𝗲𝗹𝗱 𝗰𝘂𝗿𝘃𝗲 𝘀𝘁𝗮𝘆𝗲𝗱 majorly 𝗳𝗹𝗮𝘁 with only minor yield increases driven by positive growth data in the US. The 𝗘𝗠 𝗬𝗧𝗠 𝗜𝗻𝗱𝗲𝘅, calculated by Cbonds, 𝗱𝗲𝗰𝗿𝗲𝗮𝘀𝗲𝗱 by 1 basis point. 📉In emerging markets, prices of securities issued by the crisis-battered Chinese real estate companies showed signs of rebounding. However, the overall outlook for the sector remains highly fragile. Several Mexican companies suffered marginal losses as the Mexican Peso depreciated against the US dollar after the recent GDP data was published in the US. 🏙In developed markets, bonds of 𝗔.𝗣. 𝗠𝗼𝗹𝗹𝗲𝗿-𝗠𝗲𝗿𝗸𝘀 were the main gainers in the yield terms as the profits in the shipping industry are soaring amid the instability in the Red Sea. 𝗜𝗻𝘁𝗲𝗹 remains in the red against the backdrop of complex financial conditions the company is facing. 𝗚𝗦𝗞 𝗣𝗟𝗖, a UK pharmaceutical corporation, topped the losers list despite getting approvals for several of its drugs in Europe and Japan recently. 🕒The US market is not moving much expecting more definite data to come: the inflation data published last Friday aligned with market expectations. The next data point to wait for is the US labor market report to be unveiled this week. Generally, the traders are trying to lock in the yields before the long-anticipated September rate cut finally comes. Another side of this anticipation is the subdued international USD bond issuing activity. #bondmarket #cbonds #finances #bonds #eurobonds #emergingmarkets #fixedincome

...In fact, the answer to this question even left our team a bit flabbergasted. To discover the reason behind it and explore more about investing in the capital markets of this intriguing country, you can register for our webinar using the link below in the comments: