Sentences with phrase «currency debt market»

Now many more countries participate in the local currency debt market, and the average credit rating is closer to A --(Table 1).

Not exact matches

The strong dollar was felt widely across commodity markets and the emerging economies that are now borrowing record amounts of debt in the U.S. currency — $ 3.7 trillion according to the latest figures this week from the Bank for International Settlements.

And while most emerging market debt continues to be issued in local currencies, the IIF said that foreign currency denominated debt issued in these nations swelled by $ 800 billion last year to a record high of $ 8.3 trillion.

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

It puts 25 % into foreign stocks, 25 % into U.S. Treasuries, and 10 % each into commodities, emerging - market currency, bank loans, high - yield bonds, and 5 % each into TIPS and local - currency emerging - market debt.

These include currency - hedged ETFs, triple - levered ETFs based on commodities, unconstrained bond funds with short positions betting against U.S. Treasurys, private equity funds, emerging market debt instruments, historically less - liquid bank loan funds, and all manner of actively managed strategies packaged in supposedly easy to buy and sell wrappers.

Now, emerging markets have flexible - exchange rates, much less foreign debt, and substantially larger reserves of foreign currency.

Today we discuss in detail the concept of debt deflation; housing, student loan and automobile debt; the oil market; the stock market; negative interest rates; currencies; and the shrinking real economy.

Our emerging markets unit includes the sales and trading of global sovereign debt, non-US corporate debt and local currency debt.

However, while we are in the sweet spot, we do see selected opportunities among EM assets that investors may want to consider, including in EM local - currency debt and certain equity markets.

The ratings agency Moody's maintained the US's top - notch «Aaa» credit rating Thursday, saying, «The diversity, dynamism, and competitiveness of the US economy, along with the US dollar's status as the preeminent international reserve currency and very large size and depth of the US Treasury market, offset rising fiscal pressures stemming from aging - related entitlement spending, higher debt - service payments, and recent policy actions that will likely reduce future revenues and increase expenditures.»

Against this environment, our strategists remain bullish on equities and continue to favor emerging market currencies and, in the fixed income space, prefer local markets over external debt and maintain their higher - yielding yet better - quality bias.

Morgan Stanley's Cross-Asset Strategy team outlines the impact Britain's move is expected to have long - term on currency, equity and debt markets around the world.

Our Global Market Strategies segment, established in 1999 with our first high yield fund, advises a group of 46 active funds that pursue investment opportunities across various types of credit, equities and alternative instruments, including bank loans, high yield debt, structured credit products, distressed debt, corporate mezzanine, energy mezzanine opportunities and long / short high - grade and high - yield credit instruments, emerging markets equities, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives.

Indeed, the stock of local currency government debt securities outstanding for a representative sample of Asian markets has increased five-fold over the past 15 years (it's hard to go back much further).

See, for example, Kofanova S, A Walker and E Hatzvi (2015), «US Dollar Debt of Emerging Market Firms», RBA Bulletin, December, pp 59 — 69 and Windsor C (2016), «Currency Risk at Emerging Market Firms», RBA Bulletin, June, pp 49 — 57.

In contrast to banks and other financial corporations, the non-financial sector's foreign currency liabilities have risen since 2009, consistent with an increase in borrowings in foreign debt markets by larger corporations (particularly in the mining sector).

The ruble's exchange rate has fallen as more rubles are thrown onto currency markets to obtain the dollars needed to pay interest and debt service on foreign loans (and to sustain capital flight in the absence of controls).

Entities in smaller markets typically issue foreign currency debt in offshore bond markets because they can issue larger, lower - rated and / or longer - maturity bonds than they can (at least at comparable prices) in their domestic market.

Since 2001 the silver and gold markets have gone up substantially as a reaction to the 20 year precious metals bear market from 1980 — 2000, massive increases in military spending, weakening global economies that REQUIRE Quantitative Easing to avoid deflation, the rise of competing currencies that weaken the dollar's trading status, excessive debts in Europe, Japan, the United Kingdom, and the United States, and so much more.

Today, it's perched atop global currency markets as Canada wins acclaim for its economic outlook and handling of the public debt, a point driven home Wednesday when a Russian Central Bank official confirmed that the Canadian dollar would be added to its international reserves.

If so, then these needs to be traded on the open stock markets & accepted as payment just as a US Dollar for services, debts and any other purpose that the currency serves as.

Quantitative easing subsidizes U.S. capital flight, pushing up non-dollar currency exchange rates Quantitative easing may not have set out to disrupt the global trade and financial system or start a round of currency speculation, but that is the result of the Fed's decision in 2008 to keep unpayably high debts from defaulting by re-inflating U.S. real estate and financial markets.

Koester says more companies are starting to understand how currency movements affect their business, probably as a result of the sovereign debt crisis in Europe and recent volatility in the FX markets.

«The opportunity in emerging market debt looks better, with many currencies having weakened significantly,» he adds.

The post-2008 dollar debt binge also taught emerging markets corporate finance managers a stern lesson in the risks of currency mismatches, especially when borrowing in a currency that seems weak.

S. 2 - year spread, Kuroda, Paul Tudor Jones, QE, Swiss / yen, U.S. 2/10 curve Posted in BOC, BoJ, Currency, Debt Market, Fed 5 Comments»

Learning from previous crises, countries such as Mexico, Brazil and India have transformed their government debt markets, inuring themselves to global economic shocks by limiting their borrowing in non-domestic currencies.

Group One markets are «paper» markets in fiat debt, fiat currency, and paper equities.

Emerging Markets Local Income Fund (EEIIX) 5 Years Out of 14 Emerging Markets Local Currency Debt Funds

On 10/24/16, the Schroder Absolute Return EMD and Currency Fund (the «Predecessor Fund») was reorganized into the Hartford Schroders Emerging Markets Debt & Currency Fund, a new Hartford Fund that has substantially the same objective and strategies as the Predecessor Fund.

In September 2010, Clothilde joined Natixis Asset Management as Currency and Global Emerging markets debt portfolio manager.

But even if the ECB does bend to the will of the bond markets this year, and begins to buy sovereign debt directly, the single currency is left with all of the same weaknesses that existed prior to the crisis: the inability to tailor interest rate policy for each individual economy, the lack of foreign currency adjustment needed to offset differences in competitiveness, and growth - limiting trade dynamics throughout the area.

He worked as an Emerging Market Debt and Currency Strategist for AllianceBernstein from 1998 to 2010.

European sovereign debt markets were in turmoil as investors priced into the markets their fear that the Euro currency experiment could end in failure.

Tags: 200 - day moving average, Abe, CAC, China, DAX, devaluation, Fed, FOMC, Footsie, IMF, Japan, Nikkei, QE, SPS, U.S. 2/10 curve, U.S. 5/30 curve, Yen, Yuan Posted in China, Currency, Debt Market, Equity, Fed, Japan 10 Comments»

Tags: average hourly earnings, Bunge Grain, cyclical, Fed, FOMC, Lael Brainard, nonfarm payrolls, tariffs, U.S. Dollar, U.S. yield curves Posted in Currency, Debt Market, Fed, United States 14 Comments»

The Bloomberg Barclays Emerging Markets USD Aggregate Index is a flagship hard currency emerging market (EM) debt benchmark that includes fixed and floating - rate U.S. dollar — denominated debt issued from sovereign, quasi-sovereign, and corporate EM issuers.

The iShares International Treasury Bond ETF tracks a market weighted index of local currency non-US government issued debt.

«Many investors are looking for exposure to emerging markets, but do not have the risk appetite for emerging market equities or emerging market local - currency debt,» said Fijalkowski.

Tags: BOC, Fed, financial repression, Janet Yellen, Loonie, pension funds, RBA, yield curve Posted in BCB, Currency, Debt Market, Fed, RBA 10 Comments»

Tags: bonds, Bund, ECB, Euro, Fed, French oats, IOER, Janet Yellen, long - term rates, Mario Draghi, NASDAQ, O / N RRP, SPS, U.S. Dollar Posted in Currency, Debt Market, ECB, Fed 10 Comments»

Tags: Angela Merkel, CDU German elections, DAX, ECB, Euro, FDP, Fed, Humphrey Hawkins, Janet Yellen, Japanese yen, Lael Brainard, Mario Draghi, U.S. Dollar, yield curves Posted in Currency, Debt Market, Fed, Germany 5 Comments»

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

They are long major stock markets, junk bonds and emerging - market debt, and they are short the dollar against the euro and against commodity - based currencies.

Today's leaders... acknowledged the challenges facing the shared currency as debts in smaller countries have affected the whole region and worry markets worldwide.

After a Yes victory, certain things would be sorted out very quickly to reassure the markets, such as currency and debt.

The Bloomberg Barclays Emerging Markets USD Aggregate Index is a flagship hard currency Emerging Markets debt benchmark that includes USD - denominated debt from sovereign, quasi-sovereign, and corporate EM issuers.

Within the broad EM debt asset class, U.S. investors looking for EM bond exposure without explicit currency risk may want to consider dollar - denominated sovereign bonds like the iShares J. P. Morgan USD Emerging Markets Bond ETF (EMB).

That's why commodities are in a bull market — it's not just precious metals, but anything with value — because US debt notes are losing their global currency.