Barring an unforeseen political event or economic shock, the last half of the year should experience a rebound in overall
debt market volume with credit quality remaining relatively unchanged.
Not exact matches
The economy is having to face the diverging relationship between the
volume of
debt and the falling
market prices for whatever assets they own or are buying.
Rather, trading
volumes have not kept pace with the surge in
debt issuance, reflecting in particular favourable funding conditions in many advanced and emerging
market economies (Graph 2, centre panel).
In the July 2010 version of their paper entitled «The Impact of Investor Sentiment on the German Stock
Market», Philipp Finter, Alexandra Niessen - Ruenzi and Stefan Ruenzi test the predictive power of a composite sentiment measure combining consumer confidence, net equity mutual funds flow, put - call ratio, aggregate trading
volume, initial public offering (IPO) returns, number of IPOs and aggregate equity - to -
debt ratio of new issues.
Meanwhile, Albert Edwards of SocGen suggested that there has been an excessive «move away from equities» in recent years — instead of noting, for example, that the
volume of U.S. government
debt foisted upon the public (even excluding what has been purchased by the Fed) has doubled since 2007, not to mention other sources of global
debt issuance, while the
market capitalization of stocks has merely recovered to its previously overvalued highs.
Trading
market volume has declined, even as outstanding corporate
debt has increased in recent years.
A Score for each value stock is then assigned based on six historical variables:
market cap, stock liquidity (i.e., annual trading
volume / shares), asset turnover (i.e., assets / revenues), total
debt to equity, cash to assets and year - over-year EBIT annual growth rate, one variable at a time.
These stocks were then sorted by the following historical financial metrics (using the most recently reported financials):
market cap, annual trading
volume to shares outstanding, assets to revenues, total
debt to equity, cash to assets and year - over-year EBIT annual growth rate, one financial metric at a time.
All value stocks are then ranked based on six historical (and available at the time) criteria:
market cap, stock liquidity (i.e., trading
volume / shares), asset turnover (i.e., assets / revenues), total
debt to equity, cash to assets and year - over-year EBIT annual growth rate, one variable at a time.
Accordingly it provides you with a reliable, accurate and succinct view of
debt fundraising in the banking and capital
markets, all in one
volume.
Alternative
debt sources have entered the
market to address funding gaps, specifically as construction
volume has slowed given uncertainty around high volatility commercial real estate criteria.
JLL now expects that the freely - flowing equity and steadily improving
debt markets will cause deal
volume to rise to 2006 levels.
The
volume of finance for the hotel industry today is far in excess of what it used to be as banks, insurance companies, finance companies and everyone on Wall Street is in the game, says Greg Spevok, director of national
marketing for the commercial
debt finance group of Bear Stearns.
The survey's indexes measuring
Market Tightness (76), Sales
Volume (54), Equity Financing (58) and
Debt Financing (77) all measured at 50 or higher, indicating growth from the previous quarter.
As a result, transaction
volume has slowed this year, and would be even lower if not for the «extremely accommodative»
debt market, she added.