Low or negative rates have pushed investors out the risk spectrum,
narrowing spreads on credit across global markets.
Not exact matches
In this model, the dealer will buy or sell from investors at a relatively
narrow spread, but he has limits
on how much risk he'll take.
Extreme risk aversion has abated;
spreads have
narrowed; capital markets have continued to thaw, though in some overseas cases this has relied heavily
on central bank financing activities.
It would have almost no impact
on U.S. interest rates, except to the extent perhaps of a slight
narrowing of credit
spreads to balance a slight increase in riskless rates.
This reduces your risk of being picked off by trading with informed traders, which lets you make a profit even
on much
narrower spreads.
Spreads on the lowest quality segment of the «junk» bond category, «C» rated bonds, have
narrowed by an extraordinary 30 percentage points since late 2001, to around 5.5 percentage points.
The OCC's findings are consistent with more recent surveys: The Fed's October survey of senior U.S. loan officers found a growing number loosening standards for commercial and industrial loans, often by
narrowing the
spread between the interest rate
on the loan and the cost of funds to the bank.
Now less than a year later,
spreads on that same Spanish debt have
narrowed by more than 50 % to 294 bps.
Spreads on emerging market debt have
narrowed by around 500 basis points.
Amid OPEC supply compliance, WTI markets are focusing
on dwindling inflow of Crude from Canada to Cushing due to limited accommodation
on the Keystone pipeline.The disruption is providing a fillip to WTI prices while the stronger dollar has Brent prices falling and
narrowing the WTI - Brent
spread.
The
spread between the yields
on the 2 - year Treasury note and the 10 - year Treasury note
narrowed by 70 basis points from 125 points at the start of 2017 to just 55 points at the end of 2017.
In contrast, there has been a
narrowing in
spreads on lower - rated bonds.
Spreads on European emerging market debt have also
narrowed as investor concerns about political developments in Russia have subsided and the country's credit rating has been upgraded.
Equity markets have rallied further, while credit
spreads on bonds have
narrowed.
With the cash rate up by 50 basis points in late 2003 and yields
on 10 - year bonds down a little over recent months, the
spread has
narrowed since early November to stand at around 50 basis points (Graph 67).
The LPSY is most notably described as a series of peaks and valleys
on a fairly
narrow spread as the bulls and bears exchange positions.
Spreads on financial and industrial companies
narrowed to the tightest levels since the 2008 financial crisis.
Spread filling in a 3 - inch strip along the
narrow end of the phyllo, leaving a 2 - inch border
on the sides.
Most ring slings
on the market are designed in such a way that the fabric at the shoulder and back runs too
narrow, or is sewn without pleats, so that it can not
spread out generously across the back for weight distribution.
When a beam of light is shone through two
narrow holes in a screen, the light waves leaving the holes
spread out like ripples
on a pond.
«Instead of
spreading losses evenly across many items, consumers prefer to focus a shrinking budget
on a
narrower set of preferred products.»
Researchers who focus
on the intersection of disease and ecology are
narrowing in
on a troubling question: are altered ecosystems making pathogens more virulent and likely to
spread?
The analysis of processes contributing to climate feedbacks in models and recent studies based
on large ensembles of models suggest that in the future it may be possible to use observations to
narrow the current
spread in model projections of climate change.
That's quite a
spread, but you can
narrow it down by basing your protein needs
on your body weight.
With the field
narrowed down to The Big Five, the campaigns
spread their game across the country and play to their strengths - with eyes squarely focused
on the all - important upcoming prize: Super Tuesday.
The gear ratio
spread on the automatic transmission is slightly
narrower than the DCT (6.0 vs. 6.38).
It flows faster when it was younger and the course is
narrower: at the end of all things time has
spread and slowed, lik oil spilled
on a still pond.
Since her marriage to Edward Swift, three years after the sudden death of her first husband Horace Torrington, Charlotte had changed her position at the breakfast table in order to accommodate her new husband's needs: specifically, aiding him in the
spreading of toast and cutting of meat, owing to his having suffered the loss of his left arm at the age of twenty - three in an unfortunate encounter with the
narrow wheels of a speeding gig, out of which he had fallen
on the driveway of his then home in County Wicklow.
For details
on the apartment loan we track see the notes in last week's post here: Apartment Building Loan Rates Fall as
Spreads Narrow.
Investors took more risk because they thought the Fed would protect them, and so they leveraged up
on investments at
narrow spreads over risk - free investments in order to meet return targets.
The
narrower spread makes sense in light of the July Senior Loan Officer Opinion Survey
on Bank Lending that reported loosening lending standards for commercial real estate loans (including apartments) even as loan demand picked up: Continue reading 10 yr fixed apartment loan rate remains below 5.1 % as 10 yr Treasury ranges in 2.6 - 2.7 % area
In foreign exchange, the standard bid - ask
spread in EUR / USD interbank quotes is between two and four pips - the price move in a given exchange - depending
on the amount being traded and the time of the day;
spreads are typically
narrowest in the morning in New York when the European market is also open.
Note also in Figure 5, the
spread briefly
narrowing from 3.5 sigma to 3.0 sigma before returning to 3.5 sigma
on this rally.
With a total return of nearly 15 % year to date, however, this historically «risky» segment of the bond market may be overbought as
spreads on their yields
narrow.
I focus
on corporate bonds, and if you use an online broker such as Fidelity, Vanguard, or Schwab, you will see a robust level of inventory with fairly
narrow bid - ask
spreads.
If you're looking to capitalize
on smaller market moves within shorter time frames, the Nadex
spreads with 2 - hour durations and
narrower ranges may be a better choice.
Both aim to
narrow the
spread between mortgage bonds and Treasuries, particularly
on the short end.
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.
You would not compare that measurement with the mean height of Dutch people or even the confidence interval
on that mean (which gets vanishingly
narrow with a large sample size), you would compare it with the overall
spread of the height distribution in that country: the prediction interval.
As far as I can tell it is based
on the estimate of the mean trend (the C.I. of which
narrows with the number of runs), not
on the
spread of trends per se.
Inflorescence a densely flowered, cylindrical spike, 20 - 35 mm long, 8 - 11 mm thick near the base and
narrowing slightly toward the blunt apex, solitary in the leaf axil, or solitary or in clusters of 2 - 4 in the axil of small spines
on short, lateral, usually leafless, axillary branches; peduncles glabrous to lightly puberulent, 5 - 15 mm long, 2 - 4 mm thick, thickest just below the inflorescence; involucre usually puberulent, 4 - lobed, the lobes
spreading, located near the base of the peduncle.
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Spreads on the AAA CMBX index have
narrowed by more than 85 basis points over the past three months.
Spreads on the AAA and BBB CMBX indices have
narrowed by over 130 basis points and 1,500 basis points, respectively, over the past three months.
If such
narrowing spreads occur, seniors housing cap rates may not experience the same magnitude of upward pressure that expected rising interest rates could impose
on other commercial property types.
As the recovery has gone
on that
spread has
narrowed.
The market for retail has been so buoyant that
spreads on interest rates have been
narrowing.
Despite the fact that investors pushed back
on aggressively priced properties, the
spread between asking and closing prices
narrowed by two basis points, and now stands at about 26 basis points, Feeney says.
If such
narrowing spreads occur from today's 500 - basis point differential, seniors housing cap rates may not experience the same magnitude of upward pressure that the expected rising interest rates could impose
on other commercial property types.
Spreads have
narrowed significantly
on CMBS issues while REIT returns have been lackluster.