CREDIT DAYBOOK AMERICAS: Tech Bonds in Focus After Meta Results

Tech bonds are in focus as Meta’s disappointing earnings report has left investors on edge. In the US high-yield bond market, ION Corporates is preparing to price its dollar-and-euro bond offering after wrapping up its roadshow Wednesday.

• Credit markets are opening slightly softer, CDX levels show, as traders await US economic growth figures after weeks of scaling back their expectations for Federal Reserve interest-rate cuts
  • First quarter gross domestic product will likely still show signs of inflationary pressure, Bloomberg economist Eliza Winger wrote in a note this morning
  • “The stimulus unleashed by Fed Chair Jerome Powell’s dovish pivot in ...