Corporations are well placed to weather the next crisis: Companies from the U.S. to Europe and Asia are selling the fewest bonds since 2004, as rising cash levels allow borrowers to weather a slowing economy. …
Search Results for: performance
June 29, 2010
The Bank for International Settlements released its annual report with chapters on: Beyond the rescue: exiting intensive care and finishing the reforms From the emergency room to intensive care: the year in retrospect Low interest …
June 28, 2010
The Federal Reserve Bank of Boston has released a Public Policy Brief by Jeffrey C. Fuhrer and Giovanni P. Olivei titled The Role of Expectations and Output in the Inflation Process: An Empirical Assessment: This …
June 25, 2010
It looks like tranche retention will become law, as proposed by the SEC and supported by John Hull, among others: Private lenders will be required to keep at least a 5 percent stake in loans …
June 24, 2010
How ’bout them Greek swaps, eh?: Credit-default swaps on Greece rose 38 basis points to an all-time high of 970 basis points, according to CMA DataVision. Contracts on Portuguese government securities climbed 16 basis points …
June 23, 2010
American real estate agents are going hungry: Purchases of U.S. new homes fell in May to the lowest level on record after a tax credit expired, showing the market remains dependent on government support. Sales …
June 22, 2010
Nothing happened today. The Canadian preferred share market was fairly well-behaved today, with PerpetualDiscounts up 7bp to keep the streak alive (only six more trading days until month-end!) and FixedResets down 6bp. Volume was slighly …
BoC Releases June 2010 Financial System Review
The Bank of Canada has released the Financial System Review: June 2010. The entire section on the the banking sector is well worth reading, but I will highlight only: While Canadian banks continue to experience …
June 21, 2010
Good article in The Atlantic about algorithmic and high-frequency trading, titled Monsters in the Market. I was a little disappointed by the precious tone of their comments: At least a few high-frequency traders have learned …
June 18, 2010
Carney talked tough on inflation: Given the scale of the fiscal challenge, it is perhaps not surprising that some eminent economists are looking for an “easier” way out. This form of denial is to allow …