- Date $MM Issuer (Priced *, Launch #)
- 08/04 $1.25B Level 3 Financing 8.5NC3
08/04 $Benchmark KKR 10Y +115a - 08/04 $Benchmark KKR & Co. 10Y +115a
- 08/04 $Benchmark Chub Holdings 10Y +90a
- 08/04 $Benchmark Altria 5Y +110a, 10Y +140a
- 08/04 $Benchmark CenterPoint Houston 10Y +110a
- 08/04 $Benchmark Quanta Services 3Y +85a, +5Y +100
- 08/04 $Benchmark FISERV +5Y +115a, 10Y +135a
- 08/04 $Benchmark Public Service of Colorado 10Y +120a, 2055 Tap
- 08/04 $Benchmark Dominion Energy 30.5NC5.25 6.5%a, 30.5NC10.25 6.625%a
- 07/31-08/01 No new corporate debt issued Friday, $28.39B on week. July finishes with $130.54B total corporate debt issuance
GOLD: Pushes To Fresh All Time High
Sep-03 13:25
Spot gold pushes to a fresh all-time high of $3,556/oz, with bullion now up ~7.5% from the August 20 low. Spot is on track for its longest streak of daily higher highs since 2022, which was only previously surpassed in 2017. Clearly, gold remains in a technical bull cycle, which has been strengthened by the breach of key prior resistance at $3500.1, the Apr 22 high. The next objective is the $3600.00 handle.
- Gold’s breakout over the past few weeks has been spurred by fresh concerns around Fed independence amid the ongoing Governor Cook saga. Meanwhile, fears around fiscal pressures (and the associated threat of future government debt monetisation) continue to provide a background tailwind. There hasn’t been an obvious specific driver of today’s 0.65% rally.
- World Gold Council data on August’s ETF flows and central bank purchases should be released later this month.
- Silver’s recent price action has also been impressive, with spot pushing through $40/oz yesterday before consolidating around $41 today. The next objective is $41.064, the 1.764 projection of the Apr 7 - 25 - May 15 swing.
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PIPELINE: Corporate Bond Roundup: Picking Up Steam
Aug-04 13:10
PIPELINE: Corporate Bond Roundup: Picking Up Steam
PIPELINE: Corporate Bond Roundup: Picking Up Steam
Aug-04 13:09
- Date $MM Issuer (Priced *, Launch #)
- 08/04 $1.25B Level 3 Financing 8.5NC3
08/04 $Benchmark KKR 10Y +115a - 08/04 $Benchmark KKR & Co. 10Y +115a
- 08/04 $Benchmark Chub Holdings 10Y +90a
- 08/04 $Benchmark Altria 5Y +110a, 10Y +140a
- 08/04 $Benchmark CenterPoint Houston 10Y +110a
- 08/04 $Benchmark Quanta Services 3Y +85a, +5Y +100
- 08/04 $Benchmark FISERV +5Y +115a, 10Y +135a
- 08/04 $Benchmark Public Service of Colorado 10Y +120a, 2055 Tap
- 08/04 $Benchmark Dominion Energy 30.5NC5.25 6.5%a, 30.5NC10.25 6.625%a
- 07/31-08/01 No new corporate debt issued Friday, $28.39B on week. July finishes with $130.54B total corporate debt issuance
US: Trump Posting on the Job Data
Aug-04 13:05
Donald J. Trump
@realDonaldTrump
Last weeks Job’s Report was RIGGED, just like the numbers prior to the Presidential Election were Rigged. That’s why, in both cases, there was massive, record setting revisions, in favor of the Radical Left Democrats. Those big adjustments were made to cover up, and level out, the FAKE political numbers that were CONCOCTED in order to make a great Republican Success look less stellar!!! I will pick an exceptional replacement. Thank you for your attention to this matter. MAGA!
