The US BB section of high-yield bonds enjoys steady recovery as tensions between the US and China mounts. There is still optimism that moderate credit risk in the US market would persist. Yes, we know that the Fed and the US Treasury are resolved to get it to a stable state if there is a Read More…
Chinese Yuan continues to weaken as tensions between the US and China continue to rise over the Coronavirus crisis. The Chinese Yuan falls to its greatest low on Thursday since the Coronavirus pandemic began in September 2019. The fall in the value of CNY is potentially going to continue due to the US-China uncertain relations. Read More…
Capitalism is not going anywhere, but the coronavirus crisis has certainly jolted the foundation of the global economy. Perhaps, the deep recession was inevitable. What is startling, however, is that the GDP would contract by 3.1% in 2020. Comparatively, it makes the current year weaker than the financial crisis of 2007-08. That said, it seems Read More…
