Express Business Filler #1

This week, we at Bourse review the performance of the local and international fixed income markets for the first half of 2019. While the local market has been fairly inactive, international bond investors have enjoyed a period of persistent returns thus far. What can investors expect in the second half of 2019? Let’s take a closer look.

Local interest rates stable, bond supply low The Trinidad and Tobago (TT) Treasury Yield curve remained virtually constant year-to-date (YTD), as a limited supply of TTD bonds and persistent excess liquidity maintained downward pressure on bond yields. The greatest movements were the One-Year Treasury yield and 15-Year Treasury yield from 2.75 per cent and 5.10 per cent in December 2018 to 2.90 per cent and 5.22 per cent in May 2019 respectively.

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THIS week, we at Bourse highlight the importance of investing in securing your financial future. We consider three investor profiles – the conservative, moderate and aggressive investor - and offer some guidance for persons seeking to position their portfolios for the remainder of 2019.

LAST WEEK, on July 9, 2019, S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on the Republic of Trinidad and Tobago to ‘BBB’ from ‘BBB+’.

The trade union representing aviation workers is complaining about the lack of recognition of the Aviation, Communication and Allied Workers Union (ACAWU) and the non-payment of outstanding monies owed to employees of Caribbean Airlines Ltd (CAL) amounting to about $37,590 for the period January 1, 2007 to December 31, 2018.

Maintenance technicians had to move swiftly to drain super gasoline from several diesel-run vehicles on Wednesday afternoon, due to a fuel mix-up at NP’s service station just before the Starlite Shopping Plaza in Diego Martin.

TOBAGO entrepreneurs shone at this year’s Trade and Investment Convention (TIC), hosted by the Trinidad and Tobago Manufacturers Association (TTMA) at the Centre of Excellence last week.