🎯Today's Bonds Pulse
Updated 1h agoWhat's happening: ESMA Extends Transparency Deferrals for Sovereign Bond Trades
The European Securities and Markets Authority and most EU national competent authorities have published a list of supplementary deferrals that extend the MiFIR transparency regime for sovereign bonds. The new rule permits omission of volume publication for medium‑size trades on liquid Group 1 bonds until the end of the trading day.
News•Feb 20, 2026
ESMA Publishes List of Supplementary Deferrals for Sovereign Bonds
The European Securities and Markets Authority (ESMA) and most EU national competent authorities have released a list of supplementary deferrals that extend the MiFIR transparency regime for sovereign bonds. The new rule permits the omission of volume publication for medium‑size trades on liquid Group 1 bonds until the end of the trading day. These supplementary deferrals become effective on 4 May 2026 and are adopted by all NCAs except the National Bank of Slovakia. The measure follows a rapid consultation process aimed at easing implementation for venues, firms and APAs.
By ESMA – Press
Social•Feb 20, 2026
Most Weekly BDC Discounts Are Mispriced—Learn Why
Everyone has a BDC take this week. Most of them are wrong. If you don't understand how they trade, what drives the discount, or why NAV isn't what you think it is, start here. https://www.junkbondinvestor.com/p/the-bdc-primer-part-1
By JunkBondInvestor
Social•Feb 20, 2026
Fed Minutes Reveal Mixed Inflation, AI Boosts Productivity
In this week's #OnInvesting, @LizAnnSonders and I talk about Fed minutes, mixed signals on inflation & unemployment, and weakness in the survey data. Liz Ann & @KevRGordon discuss the latest GDP report and the impact of tariffs, AI-driven investment and...
By Kathy Jones
News•Feb 20, 2026
WDI May Benefit From Shifting Interest Rate Policy
Western Asset Diversified Income Fund (WDI) trades at a 3.04% discount to NAV and offers a 12.41% yield, positioning it as a high‑yield income vehicle. The fund’s portfolio is heavily weighted toward high‑yield corporate bonds and a sizable floating‑rate component,...
By Seeking Alpha – ETFs & Funds
Social•Feb 20, 2026
IEEPA Threat Raises Tariff Ceiling, Shifts Negotiation Dynamics
While 15% is close to what many countries ended up negotiating with Trump, he invoked IEEPA to threaten much higher rates, providing powerful leverage. If 15% is an effective ceiling (outside 301/232 actions), that changes the bargaining dynamic.
By Greg Ip
Social•Feb 20, 2026
Yield Curve Ste
USTs for now reacting to the loss of tariff revenue, but it remains to be seen how this plays out. Curve steepening https://t.co/ZMjLP2vbxi
By Ed Bradford
News•Feb 20, 2026
Virtus Newfleet Multi-Sector Bond ETF Q4 2025 Commentary
The Virtus Newfleet Multi‑Sector Bond ETF posted a 1.64% NAV return in Q4 2025, beating the Bloomberg U.S. Aggregate Bond Index’s 1.10% gain. The fund’s deliberate underweight to U.S. Treasuries captured excess returns as spread‑rich sectors outperformed. Management continued to fine‑tune...
By Seeking Alpha – ETFs & Funds
News•Feb 20, 2026
RSBT ETF: It's A Directional Bet, Not A Diversification Vehicle
The Return Stacked Bonds & Managed Futures ETF (RSBT) posted a 12.25% year‑over‑year price gain after a tough 2022‑23 inflation cycle. The fund allocates capital between the AGG bond ETF and a suite of trend‑following managed‑futures strategies, positioning it as...
By Seeking Alpha – ETFs & Funds
News•Feb 20, 2026
Global Market | Japan’s Tightening Cycle Could Redraw the Map of Global Market Liquidity
The Bank of Japan has ended its ultra‑easy stance, pushing policy rates to the highest level in decades and pricing in another hike. Higher domestic yields are likely to trigger repatriation of Japanese savings, cutting the flow of low‑cost funding...
By The Economic Times (India) – RSS hub
Video•Feb 19, 2026
Figma's AI Outlook, Blue Owl Stokes Credit Concerns | Bloomberg Businessweek Daily 2/19/2026
Bloomberg Businessweek Daily highlighted two contrasting stories on Thursday, February 19: Figma’s AI‑driven growth trajectory and Blue Owl Capital’s liquidity curtailment in a private‑credit fund. The market backdrop featured modest equity declines, a VIX edging toward 21, and oil prices...
By Bloomberg Television
Video•Feb 19, 2026
The Close for Wednesday, Feb. 18, 2026
The Close segment recapped the day’s market outlook, highlighting upcoming earnings from RioCam and IA Financial, a slump in Canadian housing prices, Japan’s $36 bn investment in U.S. energy and minerals, Berkshire Hathaway’s portfolio shift, and General Motors’ $63 m Oshawa plant...
By BNN Bloomberg
Video•Feb 19, 2026
'New Canadian Government Has Really Taken the Opportunity to Focus on Areas We Can Control': Bai
The interview with John Bay, CIO of NEI Investments, centered on today’s market rally, a 3% oil price jump, and the broader impact of geopolitical tensions on North‑American equities. Bay linked the oil surge to stalled Russia‑Ukraine talks and heightened U.S.–Iran...
By BNN Bloomberg
News•Feb 19, 2026
TIP Solar Raises $179.7 Million in ABS From Residential Solar, PPA Leases
TIP Solar, backed by GoodLeap’s residential solar leases and PPAs, has issued $179.7 million in asset‑backed securities. The ABS are collateralized by 7,812 leases held by Jaguar Solar Owner 2026‑1 and structured into A‑ and B‑tranches with anticipated repayments through March 2033 and...
By Asset Securitization Report
News•Feb 19, 2026
Ballard Spahr Public Finance Team Moves to Barnes & Thornburg
Barnes & Thornburg has hired the entire public finance and infrastructure team from Ballard Spahr, adding 35 attorneys—including 25 partners—to its Government Services and Finance Department. The acquisition more than doubles Barnes’ public finance bench to 56 lawyers and expands its...
By The Bond Buyer (municipal finance)
Social•Feb 19, 2026
China Cuts US Treasury Holdings to Crisis Low
🚨Chinese officials had urged banks to limit purchases of US government bonds, and instructed those with high exposure to SELL their positions. Data shows China’s holdings of US Treasuries fell to $682.6 billion, the lowest since the Financial Crisis.👇 https://globalmarketsinvestor.beehiiv.com/p/is-the-us-dollar-gradually-losing-its-safe-haven-status
By Global Markets Investor (newsletter author)
Social•Feb 19, 2026
Fed Minutes Omit 2% Inflation Target Date, Signaling Uncertainty
One more note on the Fed minutes: Sometimes it's interesting what they don't say. Last year at every meeting until December, the staff forecast called for inflation to return to 2% by 2027. In December, the forecast pushed this back to...
By Nick Timiraos
Video•Feb 18, 2026
10-Year T-Note Futures Declined After Hawkish Fed Minutes. 2/18/26
The market focus on February 18 was the decline in 10‑year Treasury note futures after the Federal Reserve released its minutes. Futures slipped for a second straight session, retreating from a two‑and‑a‑half‑month high and trading around the 112.29 level. Two catalysts...
By CME Group
Social•Feb 19, 2026
Discussing 2026 Credit Outlook, Including Private Credit
I will be joining @CNBC's @michaelsantoli this afternoon at 430p ET for a discussion of the credit markets--including, yes, private credit. Snip from our Outlook 2026. https://t.co/u8NP4oAYoL https://t.co/umYLiLDzTY
By Guy LeBas
Social•Feb 19, 2026
TLT Call Skew at 90th Percentile, Expect Shakeout
Yep- Skew on TLT (calls expensive to outs) like 1 month out is in the 90th%tile. Gonna get shaken out before yields go lower. Let’s talk about this tomorrow on @ForwardGuidance
By Tyler Neville
Video•Feb 18, 2026
The One Number That May Explain This Market
The video centers on the 10‑year Treasury yield hovering near the 4% mark, which the presenter describes as the market’s thermostat for the coming trading week. He argues that this single number now dictates cross‑asset flows, influencing everything from tech...
By tastylive (tastytrade)
Video•Feb 16, 2026
💡 Loans vs Bonds Explained for IB Interviews
The video breaks down the fundamental differences between senior loans and bonds, a staple topic in investment‑banking interview prep. It highlights that senior loans are secured and usually carry floating rates tied to LIBOR or its successor, while bonds are unsecured,...
By Wall Street Oasis
Deals•Feb 13, 2026
SMFG Issues World's First Digital Inclusion Bonds, Raising $500M
Japan's Sumitomo Mitsui Financial Group (SMFG) has issued $500 million of bonds billed as the world's first 'digital inclusion' bonds. The proceeds will fund infrastructure projects to improve internet connectivity in emerging markets, aiming to bridge the global digital divide....
Nikkei Asia — Economy/Markets
Video•Feb 13, 2026
Nasdaq-100 and S&P 500 Futures Finished Lower for a Second Week. 2/13/26
The market focus this week centers on U.S. Treasury yields, which have slumped across the curve—from the 5‑year to the 30‑year—dragging the 10‑year rate to its lowest point since October 28, 2024. The yield plunge helped the dollar close its weakest week...
By CME Group
Video•Feb 12, 2026
Are Tighter Credit Spreads a Concern?
In a recent interview, JP Morgan Asset Management’s fixed‑income strategist Cheyenne Hussein addressed whether tighter credit spreads pose a risk to the U.S. bond market. The conversation was prompted by a strong jobs report and centered on how the data reshapes...
By BNN Bloomberg
Deals•Feb 11, 2026
RXO Issues $400M Senior Notes Amid Moody’s Downgrade
RXO announced on Feb. 11, 2026 the issuance of $400 million of unsecured senior notes due 2031, aimed at redeeming its 7.5% notes due 2027 and supporting general corporate purposes. The offering was oversubscribed, strengthening the company's balance sheet despite a...
FreightWaves
Video•Feb 10, 2026
Squawk Box Asia - 11-Feb-26
Squawk Box Asia’s Feb. 11 segment framed artificial intelligence as a transformative force across industries, offering a broad overview of its current capabilities and future potential. The program outlined AI’s applications, from operational efficiencies to new product development, and signaled...
By CNBC International Live
Video•Feb 5, 2026
President Lagarde Presents the Latest Monetary Policy Decisions – 5 February 2026
President Christine Lagarde’s February 5 press conference confirmed that the European Central Bank kept its three key policy rates on hold, emphasizing a data‑dependent stance as inflation eases toward the 2% medium‑term target. The meeting also marked Bulgaria’s accession to...
By European Central Bank