Sentences with phrase «for sovereign debt»

11) Because measures like sales and profits are meaningless for sovereign debt, we use a different set of weighting metrics, still in keeping with the spirit of using measures that correspond to the size of the issuer.
IGOV charges a low expense ratio for the sovereign debt segment, and tracking is tight, making for a very Efficient package.
A key factor that could turn the tide for sovereign debt yields is the Bank of Japan, which meets Tuesday and Wednesday, and may decide to stop buying longer - duration bonds, according to reports.
Without the presence of U.S. banks, the market for sovereign debt could become less liquid, and borrowing costs for governments could rise.
My opinion is that it is the same for sovereign debts, except that is more sturm und drang around it because of currency, political, and solvency of financial institutions issues.

Not exact matches

James Dean, an economist at Simon Fraser University who has studied sovereign - debt crises in Latin America, Asia and Europe over four decades, says one of the great paradoxes of sovereign debt is that countries can manage heavy burdens for a long time.
As sovereign debt problems in Europe and stagnant economic growth in America continue to dog the world economy, investors naturally turn to safer havens like precious metals for security.
He'd best prepare for a frightful year: Germany will likely continue its gradualist approach to combating the sovereign debt crisis — even if it means taking the rest of the continent to the brink and beyond.
The latest cause for worry, as we write, is the warning by Standard & Poors that Italy's sovereign debt rating of A + is at risk (a one - in - three chance) of being downgraded in the next 2 years, due to doubts about the success of the government's debt - reduction program.
During this time we often also see informal kinds of partial debt forgiveness, for example when sovereign borrowers have repurchased their obligations in the secondary market at steep discounts, often secretly, or exchanged their obligations for other assets at a discount, for example the famous debt / equity swaps in several Latin American countries in the 1980s (see footnote 3).
Attention is now being focused on EURO zone leaders to take strong and credible action to strengthen the capital of private sector banks in Europe, ensure confidence in bank liquidity and interbank credit, and guarantee support for sovereigns» debt.
For a third example, not everyone in the early 1960s believed that the USSR would inevitably overtake the US economically before the end of the century, but excluding fierce anti-Communists predicting fire and brimstone, I don't know anyone who expected that by the 1980s the USSR would essentially be insolvent (technically it wasn't, but LDC debt traders nonetheless included the country in their universe of defaulted or restructuring sovereign borrowers).
See Risks for a discussion of risks associated with investments in foreign sovereign debt.
The dollar extended losses against the euro Friday, after more details about a new aid package for Greece came to light, increasing confidence in European policymakers» ability to handle the sovereign - debt crisis.
Since 2010, Europe's shrinking economies and lingering sovereign debt concerns have been a boon for U.S. mortgage rates.
The risk is that the threat of private - sector debt restructurings will lead to contagion in the form of bank runs and the loss of market access for weak sovereigns and banks.
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.
And for much of the year the world has seen a new phenomenon: negative yields on as much as $ 13 trillion in outstanding debt (primarily sovereign).
As for Europe, there has not been a lack of fresh crises to propel the continent's sovereign debt crisis forward.
While both the Oakmark International and International Small Cap Funds had acceptable investment performance in the fourth quarter of 2011, the full year was not good for global equities or for our two Funds, as natural disasters (first in Japan, later in Thailand) and Europe's sovereign debt crisis took their toll.
COVER STORY: LIVING ON THE EDGE By Laurence Neville Southern Europe's sovereign debt crisis may appear to have been resolved, but severe trials still lie ahead — particularly for Greece.
For example if there were to be a crisis, such as the recent sovereign debt issues in Europe, money would flow into gold in search of a safe haven, but also into dollars to escape the European issues.
The IMF, and its partners in the troika, first proposed its standard nostrum for a highly indebted sovereign: incur more debt.
Now we've got beyond sovereignty at least for a minute until one of the European countries who really have a lot of sovereign debt becomes an issue and our sovereign bond is going to be zero risk rating forever but we'll get to that question later.
Who bears responsibility for that massive amount of sovereign and corporate debt on the book the ECB.
Thus, simply based on size... the gold market can provide significant depth and liquidity for large reserve portfolios, as it is only surpassed in size by two sovereign debt markets (US and Japan).»
Still, we've observed diminishing returns from the Fed's interventions, there is no political tolerance for the Fed to intervene in securities involving any credit risk that would be borne by U.S. citizens (purchasing European sovereign debt, for example), and the yield on the 10 - year Treasury bond is already down to 1.7 %, which is far below where it stood when prior interventions were initiated.
In contrast to IMF loans to support the kleptocrats» banks and new Cold War asset grabs from the Eastern border provinces with Russia, Ukraine's sale of bonds to Russia's sovereign debt fund and its contracts signed for gas purchases were negotiated by a democratically elected government, at prices that subsidized domestic industry and also household consumption.
For another, those banks got deeply exposed to Greek debt, sovereign and corporate.
Before the European sovereign debt crisis starting in 2010, Greece's economy represented about 2 % of the eurozone's gross domestic product (GDP); after the crisis - induced recession, it accounts for even less.
Despite the sovereign debt crises in Europe, there was continued strong demand by investors for European corporate bonds, according to Thomson Reuters.
In an unexpected move, Standard & Poor's cut its sovereign debt rating on Turkey further into junk territory on May 1, citing widening concern about the outlook for inflation amid a sell - off in the Turkish lira currency.
The Federal Reserve Bank of New York may ask foreign lenders for more detailed daily reports on liquidity as the U.S. steps up monitoring of risks from Europe's sovereign debt crisis, according to two people with knowledge of the matter.
Sovereigns continue to lead debt issuance in the Gulf Cooperation Council countries, with further major issuances planned for this year, as countries look to plug deficits.
First, our quickly escalating debt / GDP ratio puts the U.S. sovereign credit rating at risk for a future downgrade by some rating agencies, if left unchecked.
Jakarta's 38.9 % increase was driven by a substantial recovery in domestic demand in the wake of Indonesian sovereign debt's return to investment - grade status, which energized leveraged investment initiatives and drove up demand for prime office space across the capital.
This represents a dangerous circumstance for the country because they are an economy that carries the world's largest sovereign debt burden.
Mr. Roseman then gave a PowerPoint presentation for board members, explaining the sovereign debt trade as Mr. Corzine sat a few feet away.
This perspective unmistakably reveals the unwholesomeness, not to put it more strongly, of our way of life: our obsession with sex, violence, and the pornography of «making it;» our addictive dependence on drugs, «entertainment,» and the evening news; our impatience with anything that limits our sovereign freedom of choice, especially with the constraints of marital and familial ties; our preference for «nonbinding commitments;» our third - rate educational system; our third - rate morality; our refusal to draw a distinction between right and wrong, lest we «impose» their morality on us; our reluctance to judge or be judged; our indifference to the needs of future generations, as evidence by our willingness to saddle them with a huge national debt, an overgrown arsenal of destruction, and a deteriorating environment; our unsated assumption, which underlies so much of the propaganda for unlimited abortion, that only those children born for success ought to be allowed to be born at all.
Many sovereign bond markets too have been exceptionally volatile — with market rates for Italian and Spanish debt soaring, before falling back in the last three days.
The context for this was the European sovereign debt crisis of the late 2000s, itself brought on by the banking crisis.
Since December 1, 2011 the European Parliament has banned naked Credit default swap (CDS) on the debt for sovereign nations.
The global auto industry breathed a sigh of relief in September when the president of the European Central Bank acknowledged the region's sovereign debt crisis was critical and the bank was prepared to start a bond - buying program that would provide a «fully effective backstop» for the struggling euro.
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).
As for the ETFs of sovereign debt, you can't really separate the risk in the Euro zone between the PIIGS and your Denmark & Germany.
Naturally, she believes ETFs that hold high - yield corporate bonds, emerging market sovereign debt or dividend - paying stocks are all better choices for long - term investors.
Second thing is that the craziness where nobody thought there was any risk, so that for example in 2007 you could buy credit default swaps on Dubai sovereign debt, the riskiest region in the world dependent on the most unstable commodity in the world, which is oil, for four basis points.
For example, some people believe that there is inherent risk to investing in US Government Bonds because of their high sovereign debt load and other macroeconomic factors.
Its instability, pitiful economic governance, corruption and cronyism — all of which contributed to its spectacular sovereign debt crisis — prove that the country is not quite ready for the big leagues.
Under J.R.'s management, S&P Dow Jones Indices has launched a global suite of fixed income indices, which includes a focus on transparency for municipal, corporate, and high - yield bonds, senior loans, and sovereign debt.
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