4 Other fixed income may include corporate bonds, floating - rate loans and
other sovereign debt, among others.
Not exact matches
Manley contends the explosion in
sovereign debt caused by all the stimulus spending over the past two years is the biggest issue facing both the Canadian government and the world's
other major economies.
Like the
other Italian cities on this list, Florence has been crushed by the
sovereign debt crisis and the political turmoil of the Berlusconi government.
What really triggered the equity sell - off was fear over the solvency of French and Italian banks holding large amounts of Greek, Irish and
other poor quality
sovereign debt.
On the
other hand, there has been a trend increase in the share of emerging Asian economies»
sovereign debt that is held by foreigners (right hand side).
I still think there will be a flight to safety in
sovereign bonds when stocks have a bear market but
other areas such as high yield and corporate
debt could run into some problems.
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).
In
sovereign debt and, to an even greater degree, corporate bond markets, liquidity hinges in large part on whether specialised dealers («market - makers») respond to temporary imbalances in supply and demand by stepping in as buyers (or sellers) against trades sought by
other market participants.
In particular, the economic uncertainties relating to European
sovereign and
other debt obligations and the related European financial restructuring efforts may cause the value of the euro to fluctuate.
Compared to most
other countries»
sovereign debt, there is little risk of a U.S.
debt default.
This collateral (i.e., permissible vehicles investments) may include: (i) match - funded assets, and, (ii)
debt securities, equity securities and
other financial instruments issued or guaranteed by the US government or its agencies,
sovereign governments, supra - national entities, corporations, financial institutions and asset - backed or mortgage - backed issuers that are the subject of credit support agreements.
Elsewhere, we favor selected eurozone peripheral
debt over
other sovereigns, due to higher yields and European Central Bank (ECB) support.
What makes this all the more toxic is that European domestic banks and
other financial institutions are encouraged to keep the charade going because global banking regulation makes the
SOVEREIGN DEBT A ZERO RISK WEIGHTING.
In terms of what QE could include, as well as purchases of member states»
sovereign and corporate
debt,
other options might include supranational institutions such as the European Investment Bank.
Question is, is it legally allowed to pay
OTHER bills before the
sovereign debt interest / principal.
We are a separate corporate entity established with an appropriate level of separation from the Nation government, but we offer partners an array of tax efficiencies and
other benefits based on the Nation's
sovereign status, including federal tax immunity, state income tax exemption, federal capital gains tax exemption, state sales tax exemption and preferential
debt financing and government contracting preferences, among
others.
@Phil S: I was thinking about the US, UK, Australia, Denmark, Switzerland, Sweden, Germany, Japan and
other developed countries that have never defaulted on their
sovereign debt.
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.
The fund invests, under normal circumstances, at least 80 % of its net assets plus any borrowings for investment purposes (measured at the time of purchase)(«Net Assets») in
sovereign and corporate
debt securities of issuers in emerging market countries, denominated in the local currency of such emerging market countries, and
other instruments, including credit linked notes and
other investments, with similar economic exposures.
These investments are subject to the risk that a governmental entity may delay or refuse to pay interest or repay principal on its
sovereign debt, due, for example, to cash flow problems, insufficient foreign currency reserves, political considerations, the relative size of the governmental entity's
debt position in relation to the economy or the failure to put in place economic reforms required by the International Monetary Fund or
other multilateral agencies.
«Emerging market
debt still has value, some more than
others,» says Bisat, who heads BlackRock's
sovereign and emerging markets alpha team.
«A lot of those initial issues, from what started with Greece in the
sovereign debt crisis and has spread to several
other countries, have not been resolved,» says Peden.
Additional risks include exposure to less developed or less efficient trading markets; social, political or economic instability; fluctuations in foreign currencies or currency redenomination; potential for default on
sovereign debt; nationalization or expropriation of assets; settlement, custodial or
other operational risks; and less stringent auditing and legal standards.
Moody's, like
other credit rating agencies, has downgraded Russia's
sovereign debt rating to non-investment grade, but does this reflect Russia's economy?
An appropriate question to ask before all the media angst and gnashing of teeth is this: Were it any
other sovereign State being evaluated, with a similar history of recent financial turmoil, current economic sluggishness and external
debt, how should the ratings agencies rate such a State?
The same predictive relationship is apparent for the broad investment grade bond market (U.S. Aggregate Bond Index), shown in Figure 3, as well as for 10 - year
sovereign debt of
other developed countries.
Though current economic trends and
other global events (e.g., the European
sovereign debt crisis) may not change for the better over the short term, the performance of the markets may.
These firms, the Carlyle Group, Apollo Global Management and Oaktree Capital Management among them, have been raising billions of dollars during Europe's
sovereign debt crisis to buy loan portfolios, corporate bonds and
other holdings from troubled financial institutions on the Continent.
The United States carries tremendous
debts, much of it owned by foreigners and foreign governments,
other countries»
sovereign wealth funds are looking to acquire chunks of the U.S. economy, the U.S. dollars is the world's reserve currency primarily because of inertia rather than our economic strength, and we ship money abroad every day to buy plasma tvs and gasoline.