Latest news with #corporatecredit
Bloomberg
6 days ago
- Business
- Bloomberg
Bloomberg Surveillance: Tariffs Inflation
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney July 16th, 2025 Featuring: 1) Amanda Lynam, Head of Macro Credit Research at BlackRock, joins to talk about corporate credit resilience amid continued policy shifts. Stocks slipped as negative tariff headlines and dialed-back expectations for interest-rate cuts prompted doubts about the market's ability to sustain recent highs. US Treasuries held steady. 2) Gerard Cassidy, Head: US Bank Equity Strategy at RBC Capital Markets, wraps big bank earnings. Investors will continue to follow bank executives' guidance during and after earnings on how they plan to allocate extra capital and drive larger profits. 3) David Malpass, former President at the World Bank, discusses the economic and geopolitical policies of the second Trump administration and what President Trump must do to gain broader support in his second term. It comes amid a rift within the Republican Party over the release of documents related to Jeffrey Epstein and uncertainty over President Trump's tariff policy. 4) Patrick Armstrong, CIO at Plurimi Wealth, brings us into PPI and talks about how inflation could weigh on markets. Robin Brooks, a senior fellow at the Brookings Institution, wrote that 'the tariff inflation shock starts to hit' and this effect will keep building in intensity as pre-tariff inventories are depleted. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a New York Post story on the redesigned Waldorf-Astoria and a Boston Globe column on the seven best lobster rolls around Boston.
Yahoo
12-07-2025
- Business
- Yahoo
U.S. Credit Outlook: 10 key themes to position for Q3
-- UBS expects U.S. corporate credit spreads to widen in the second half of the year, cautioning that markets are underpricing the risks from slowing labor markets, potential trade tariffs, and upcoming Federal Reserve rate cuts. The brokerage laid out 10 themes for positioning in the third quarter, arguing that the sharp tightening in spreads seen in early July likely reflects seasonal trends, performance-chasing by credit managers, and renewed inflows into fixed income, factors that may not be sustainable. "Investment-grade and high-yield spreads are at or near historic tights," UBS wrote, pointing to levels of 77 basis points and 268 basis points, respectively. "A further rally would require a combination of falling tariff rates, accelerating growth, higher oil prices and constrained supply." The bank's base case calls for spreads to drift wider into late Q3 as U.S. payroll data weakens and rate cuts begin in September. UBS expects the unemployment rate to rise to 4.6% by year-end and forecasts four Fed cuts in 2025—more than the market currently anticipates. UBS said corporate bond markets appear complacent on tariff risk ahead of a July 9 deadline for new U.S. trade measures. High-yield sectors that had lagged earlier this year, such as transport and packaging, have largely rebounded, further suggesting 'very little risk is priced in.' While technicals remain supportive, credit fund flows have recovered, and June issuance was largely in line with forecasts, UBS highlighted three key positioning ideas. It favors investment-grade credit default swaps over cash bonds, sees better value in double-B and fallen-angel high yield, and expects leveraged loans to outperform high-yield bonds in the coming months. Even with no major cracks in private credit or corporate defaults, UBS noted that valuations are stretched. 'The upside scenario is possible, but fragile,' it wrote, hinging on a confluence of positive surprises in policy, growth, and commodity prices. Related articles U.S. Credit Outlook: 10 key themes to position for Q3 Where Bernstein sees strength in U.S. retail going forward What to expect from legacy media stocks as Q2 earnings season is set to start Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
30-05-2025
- Business
- Bloomberg
Corporate Credit Technicals Too Strong: Toublan
The US investment-grade primary bond market is having its busiest May since 2020. Barclays Head of US Credit Strategy Dominique Toublan says technicals in corporate credit are too strong. BNP Paribas Head of US Credit Strategy Meghan Robson expects wider spreads. They speak with Vonnie Quinn on "Real Yield." (Source: Bloomberg)
Zawya
29-05-2025
- Business
- Zawya
Egypt: Banque du Caire reports 45% YoY profit growth in Q1 2025
Arab Finance: Banque du Caire recorded a 45% year-on-year (YoY) increase in net profits after tax for the first quarter (Q1) of 2025, reaching EGP 3.4 billion, up from EGP 2.4 billion, as per an emailed statement. The growth was supported by improved performance across retail, treasury, corporate credit, and SME segments. Net interest income rose by 30% YoY during the quarter. Operating revenues also saw a notable rise, reaching EGP 9.8 billion, compared to EGP 7.8 billion in Q1 2024, marking a 26% YoY increase. The bank's total loan portfolio grew by 5% to EGP 240 billion by the end of March 2025. This was driven by an EGP 9.6 billion increase in corporate and bank loans, and an EGP 2.6 billion rise in retail loans. Customer deposits rose by 5% to EGP 369 billion at the end of March 2025, up from EGP 352 billion at the end of December 2024. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
