MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

VF Rallying

CONSUMER CYCLICALS

VF 2-10bps tighter today after S&P released a Q&A doc on last months downgrade; Moody's the risk & yet to come

  • VF (Baa3 Neg, BBB- Neg, NR) a name that screened cheap to us (particularly on short-end that's come in 15bps since), is moving tighter today - only recent news was S&P coming out yesterday with a Q&A doc on its downgrade to BBB- Neg post earnings (move was well expected). Conditions it established for a move into HY were also as expected (by Moody's & company).
  • Moody's is yet to comment and likely to be the first mover into HY (it was already on BBB neg heading into earnings that disappointed). Still no updates on 2nd board appointment or Packs business sale. It reports 4Q23 results in late May.
Credit BulletsBulletHomepagemarkets-real-timeCredit
Credit BulletsBulletHomepagemarkets-real-timeCredit

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.