Unable to access
credit on bond markets, many of these countries were forced to accept IMF bailouts in exchange for blistering austerity measures.
Not exact matches
Although there may not be a
bond bubble, with investors starved for yield, Gundlach predicts a potential bubble could form in
credit risk as investors increase their leverage
on riskier debt securities like junk
bonds and emerging
market debt.
«The next move that will start happening in the financial industry is that funds will start leveraging
credit risk to a greater extent,» Gundlach said, «which will build up an overexposure potentially should the
market turn against
bonds later
on.»
yields will hit the highs
on close end of the day... equity
markets setting up to be slammed tomorrow maybe but today they have run over weak shorts in the face of rates... the federal reserve see's this and again will wonder if they are behind
on hikes, strong data, major expansion in
credit, lack of wage growth rising
bond yields and ballooning debt... rates will go much higher and equities will have revelations as to what that means for valuations
There could be more pain in other sectors of the
bond market based
on credit quality and maturity, but the point is that
bonds were never meant to be long - term return enhancers for your portfolio.
Equity
markets have rallied further, while
credit spreads
on bonds have narrowed.
Frequency of reinvestment based
on the percentage of
bonds maturing within 3 years — 22.5 % for the overall
bond market (represented by Barclays U.S. Credit Bond Index) and 55.2 % for short - term bonds (represented by Barclays 1 - 5 Year Credit Bond Ind
bond market (represented by Barclays U.S.
Credit Bond Index) and 55.2 % for short - term bonds (represented by Barclays 1 - 5 Year Credit Bond Ind
Bond Index) and 55.2 % for short - term
bonds (represented by Barclays 1 - 5 Year
Credit Bond Ind
Bond Index).
The IPO
market has roared back to life, and spectacularly cheap
credit on offer from the
bond market have created opportunistic conditions for merger and acquisition activity which could define the year ahead.
HSBC declined to participate because its larger customer deposits means it would lose money by taking part in
credit easing, which involves a government guarantee
on bonds issued
on wholesale funding
markets.
On August 5, 2011, moments after the U.S. government watched a rating agency lower its
credit rating for the first time in American history, the
market for U.S. Treasury
bonds soared.
«
On the one side there is the IMF, the OECD, the
credit rating agencies, the
bond markets, the European commission, the CBI, the IoD, the BCC, the governor of the Bank of England, most British businesses, two of our historic political parties, one of the Miliband brothers, Tony Blair and the British people.
Any shortfall which is described as the deficit is financed through borrowing either
on the domestic
market or international
credit market, euro
bond etc..
The cost of buying default protection
on the largest
bond market borrowers in the S&P 500 is tracked by the S&P / ISDA U.S. 150
Credit Spread Index and has fallen to lows which can be an Read more -LSB-...]
In addition to the
credit worthiness of the issuer, the price of a
bond on the secondary
market is determined by several factors including the interest it pays, its face value and its duration or how long it is until it matures and the issuer repays the amount borrowed.
There are other cases — like during this
credit crisis the values of
bonds on the secondary
market dropped.
So far, the municipal
bond market has seen only a modest reaction to the recent negative
credit watch being placed
on the ratings of several
bond insurers.
I invite you to read our monthly Municipal
Market Update, credit commentaries and special reports for more insight on Puerto Rico and the broader municipal bond m
Market Update,
credit commentaries and special reports for more insight
on Puerto Rico and the broader municipal
bond marketmarket.
the disclosure of certain enumerated events affecting a municipal security; these events include the following, if material: (1) principal and interest payment delinquencies; (2) non-payment related defaults; (3) unscheduled draws
on debt service reserves; (4) unscheduled draws
on credit enhancements; (5) substitution of
credit or liquidity providers; (6) adverse tax events affecting the tax - exempt status of the security; (7) modifications to rights of securities holders; (8)
bond calls; (9) defeasances; (10) release, substitution, or sale of property securing repayment; (11) rating changes; (12) failure to provide annual financial information as required; the MSRB, Electronic Municipal
Market Access (a.k.a. EMMA) provides free access to municipal disclosures, market data and edu
Market Access (a.k.a. EMMA) provides free access to municipal disclosures,
market data and edu
market data and education
It is based
on the ICE BofAML Diversified High Yield US Emerging
Markets Corporate Plus Index which tracks the performance of corporate
bonds denominated in US dollars with an average
credit rating below investment grade.
An investment manager will form an opinion
on the valuation of a specific sector of the
bond market, based
on fundamental
credit factors, technical factors (such as supply and demand), and relative valuations compared to historical norms within that sector.
They focus
on net fund alphas, meaning after - fee returns in excess of the risk - free rate, adjusted for exposures to three kinds of risk factors well known at the start of the sample period: (1) traditional equity
market,
bond market and
credit factors; (2) dynamic stock size, stock value, stock momentum and currency carry factors; and, (3) a volatility factor specified as monthly returns from buying one - month, at ‐ the ‐ money S&P 500 Index calls and puts and holding to expiration.
Credit opportunities focused predominantly
on senior secured corporate loans and
bonds via secondary
market
EDC offers funding,
credit insurance,
bonds and letters of guarantee for Canadian exporters, as well as expert advice
on foreign
markets.
Moreover, with ongoing Federal Reserve action in the
credit markets, investors have to be
on guard for activities that could leave them vulnerable to a reversal if the Fed takes away its
bond - buying programs in the future.
Smaller performance
bond approvals are based strictly
on personal
credit, and if you have items such as large collections, past dues, civil judgments, tax liens, bankruptcy or past due child support, you will not be able to get a performance
bond in standard
markets.
These
bonds are bought by investors
on the open
market for less than their face value, and the company uses the cash it raises for whatever purpose it wants, before paying off the bondholders at term's end (usually by paying each
bond at face value using money from a new package of
bonds, in effect «rolling over» the debt to the next cycle, similar to you carrying a balance
on your
credit card).
The iShares J.P. Morgan EM Local Currency
Bond ETF provides exposure to bond issues across several emerging markets — a riskier proposition on its face than investing in developed countries with better credit ratings, which helps explain the high yi
Bond ETF provides exposure to
bond issues across several emerging markets — a riskier proposition on its face than investing in developed countries with better credit ratings, which helps explain the high yi
bond issues across several emerging
markets — a riskier proposition
on its face than investing in developed countries with better
credit ratings, which helps explain the high yield.
The price you pay for a
bond is based
on a host of variables, including interest rates, supply and demand,
credit quality, maturity and call features, tax status, state of issuance,
market events and the size of the transaction.
That, in turn, has bolstered the
credit quality of emerging -
market debt, resulting in a narrowing of the spread between the yield
on emerging -
market debt and that available
on U.S. Treasury
bonds.
With the ability to draw
on the
bond, equity, and macroeconomic experts at Wellington Management, the portfolio managers seek to exploit inefficiencies across more than a million
bonds in the municipal
bond markets and build a portfolio that is diversified by geography, sector, and
credit quality.
For
markets that are by necessity thin (which in the Arrow - Debreu sense as I read it is most
markets) examples being buying or selling a certain house, an obscure
bond, or offering / receiving
credit default
on a thin slice of a securitization, there is no way that complete
markets could exist.
Which I understand and agree with, but if im currently averaging 5 %
on my
bond portfolio, all of it can be liquidated today, I don't need the money for the next 10 years and it takes the
market 6 months to resolve the
credit issues, what is the downside to purchasing these instruments?
They all get their money from the same sources, the interest rates are based
on the same
bond market, transfer the loan to Fannie Mae Freddie Mac or FHA, and the third parties fees they need to collect and pass through (appraisal,
credit report, underwriting, title company, etc) are all the same.
The
credit and mortgage
market turmoil created a drag
on bond markets, which impacted the rankings of many
markets.
NAR believes Congress and the federal government should consider legislation and regulation aimed at improving commercial real estate
markets including: (1) the creation of a U.S. covered
bond market, (2) increasing the cap
on credit union member business lending (MBL), (3) additional banking agency guidance related to term extensions and (4) improving
credit availability
The trick now is that to make the TALF program work for new CMBS loans, investors have to feel they are getting a sufficiently high return
on CMBS
bonds — with the starting point of at least 10 percent for five - year
bonds in today's
market, according to Michael Magerman, senior vice president for Realpoint LLC, a Horsham, Pa. - based
credit rating agency.
NAR believes Congress and the federal government should consider legislation and regulation aimed at improving commercial real estate
markets including: (1) the creation of a U.S. covered
bond market, (2) increasing the cap
on credit union member business lending (MBL), (3) additional banking agency guidance related to term extensions and (4) improving
credit availability for small businesses.
Credit spreads
on tax - exempt
bonds to finance non-profit continuing care communities have widened 75 to 100 basis points, according to Dan Hermann, managing director and group head of senior living finance at Chicago - based Ziegler Capital
Markets.