Brazzaville, the Republic of the Congo, 23 August 2021–OPEC Secretary General, HE Mohammad Sanusi Barkindo, began his mission to the Republic of the Congo by holding a bilateral meeting with HE Bruno Jean-Richard Itoua, Congo’s Minister of Hydrocarbons and Head of Delegation to the Organization, in Brazzaville.
Read the original here:
OPEC Secretary General commences mission to Congo by meeting Minister Itoua
With the lack of first-tier economic data, the selloff in higher-yield (junk) corporate bonds, mainly driven by energy-related companies, roiled sentiment and raised concerns over US economic recovery. However, this should not prevent the Fed from hiking the policy rate by +25 bps this week. Indeed, CME’s 30-day Fed funds futures have priced in an 83.3% chance of such a rate hike, up from 79.5% in the previous day.
Read the original:
Gloomy Prospect for Oil Prices Weighed on Bonds