We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
US NFP Beats Expectations
April 6, 2026
US Treasury yields moved higher across the curve. NFP for March showed a rise of 178k jobs, coming in much higher than estimates of a 65k gain. However, the NFP number for February was revised much lower to -133k from -92k priorly. Average Hourly Earnings (AHE) YoY rose by 3.5%, lower than the surveyed 3.7%. The Unemployment Rate stood at 4.3% vs. the surveyed 4.4%. On the geopolitical front, US President Donald Trump threatened to destroy Iran’s power plants and bridges if the latter failed to meet his Tuesday deadline to reopen the Strait of Hormuz.
Looking at US equity markets, the S&P and Nasdaq were closed on Friday, but ended slightly higher on Thursday. US IG CDS spreads tightened by 0.6bp while HY CDS spreads were 4.1bp wider. European equity indices ended mixed on Thursday. The iTraxx Main CDS spreads were 0.5bp tighter and the Crossover CDS spreads tightened 1.7bp. Asian equity markets have opened weaker this morning. Asia ex-Japan CDS spreads widened by 1.3bp.
New Bond Issues
New Bonds Pipeline
- Sasol $ 7NC3 bond
Rating Changes
- Fitch Upgrades Vedanta Resources to ‘BB-‘; Outlook Stable
- Moody’s Ratings upgrades AAC Technologies to Baa2; outlook stable
- Genesis Energy L.P. Upgraded To ‘B+’ From ‘B’ On Reduced Leverage; Outlook Stable
- Univision Communications Inc. Ratings Lowered To ‘B’ From ‘B+’; Outlook Stable
- Fitch Downgrades JetBlue to ‘CCC+’ from ‘B-‘; Affirms and Downgrades Certain EETC Ratings
- Fitch Downgrades JDE Peet’s to ‘BBB-‘; Off Watch; Stable Outlook
- Centene Corp. Ratings Lowered To ‘BB+’ From ‘BBB-‘; Outlook Stable
- Province of British Columbia Downgraded To ‘A’ From ‘A+’ On Persistent Large Deficits; Outlook Negative
- Fitch Places Ras Al Khaimah’s ‘A+’ IDR on Rating Watch Negative
- BP PLC Outlook Revised To Positive On Deleveraging; ‘A-/A-2’ Ratings Affirmed
- Fitch Places Garanti Bank S.A. on Rating Watch Positive Following Planned Ownership Change
- Moody’s Ratings affirms China Overseas Land & Investment’s ratings; revises outlook to negative
- Fitch Places QatarEnergy’s ‘AA’ Rating on Rating Watch Negative
Term of the Day: Acceleration Notice
A Sukuk is a sharia-compliant fixed income instrument that essentially works similar to bonds. In a Sukuk, key differentiators vs. conventional bonds are:
– Investors share partial ownership of an asset rather than it being a debt obligation by the issuer
– The pricing is based on the underlying value of assets rather than credit worthiness
– The holder receives a share of underlying profits rather than interest payments (considered ‘riba’)
Sharia compliance broadly implies that any profits derived from these funding arrangements must be derived from commercial risk-taking and trading only; that interest income is prohibited on lending activities and; that the assets must be halal.
Talking Heads
On IMF Says US Fed Has Little Scope for Rate Cuts This Year
“A larger monetary easing would need to be predicated on a material worsening in labor market prospects and an absence of increasing inflationary pressures, including from higher near-term inflation expectations due to rising oil and commodity prices… there is little room to cut interest rates in 2026, particularly given the rise in energy prices”
On BlackRock Fund Bets Inflation Surge Will Hurt German Bonds
“Markets might be under-appreciating the fiscal response from European policymakers to spend more money on energy security for the winter, along with making investments in military preparedness… means more bond supply in the coming quarters”
On IMF urging BOJ to keep raising rates even as Iran war poses new risks
“Risks to the outlook and inflation are broadly balanced… Directors stressed the importance of maintaining a flexible exchange rate as a credible shock absorber”
Top Gainers and Losers- 06-Apr-26*
Go back to Latest bond Market News
Related Posts:
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.