Ainda o “downgrade” da S&P (5)

Bloomberg Spain may struggle to sell 1.8 billion euros ($2.4 billion) ... . Standard & Poor’s said Jan. 12 it may lower Spain’s AAA credit rating. “There is a clear risk ... of bonds as the prospect of a credit downgrade and a flood of new issues by European governments [more...]

Date: 2009-01-15 09:54:11

Blog posts (21) | Videos (5)
 

The Teflon Maple Leaf: TD Securities

Eric Lascelles, TD Securities’ Chief Economics Strategist, points out that the Canada has the highest sovereign debt ratings in the world, ... Canada over the U.S. in bonds. Third, throughout the credit crunch, Canadian bonds have been less ... in his latest report, “The Teflon Maple Leaf.” Lascelles points to several key areas: A peek [more...]

Date: 2008-10-31 22:03:35

Fed’s Bubble Trouble Will Cause Rates to Spike and Spawn Hyperinflation

A few weeks ago, when the U.S. Federal Reserve announced a strategy designed to bring down long-term interest and home mortgage rates through ... of U.S. Treasury bonds rise while their underlying credit quality is deteriorating faster than Bernie Madoff’ ... . Just as the U.S. government issues mountains of new debt to finance the multi-trillion annual de [more...]

Date: 2009-01-14 14:30:03

Ainda o “downgrade” da S&P (3)

Bloomberg The risk of losses on European government bonds is mounting as the economic slowdown threatens credit ratings in Ireland, Portugal, Spain and Greece. Credit-default swaps tied to the debt of Ireland rose more than seven-fold ... to be threatened with a debt downgrade when Standard & Poor’s said the country’s long-term rating [more...]

Date: 2009-01-14 11:03:02

Bond issuer upgrades look set to increase

Bond issuers poised for a credit-rating upgrade have exceeded the 12-month average for the first time in two years, according to Standard & Poor's in a report that signals improvements in the global economy.The ratings agency said 174 global iss ... [more...]

Date: 2009-09-29 17:48:20

Sellers of Tribune CDS Protection Face Large Payout

Hmmm Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... , determined a value for outstanding bonds of just 1.5% of face value. Standard and Poor’s, a ratings ... . The auction result for Tribune loan credit default swaps, or LCDS, was only slightly better, [more...]

Date: 2009-01-07 09:50:00

Sellers of Tribune CDS Protection Face Large Payout

Hmmm Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... , determined a value for outstanding bonds of just 1.5% of face value. Standard and Poor’s, a ratings ... . The auction result for Tribune loan credit default swaps, or LCDS, was only slightly better, [more...]

Date: 2009-01-07 09:50:00

Italy Slips Slowly But Steadily Into Its Worst Recession In Over 30 Years

By Edward Hugh: Barcelona The Italian economy continued to contract sharply in the third quarter of 2008 as exports fell sharply - declining at the ... of the Italian bond spread and the danger of a credit rating downgrade. The Italian government went [more...]

Date: 2009-01-16 21:58:56

Ex-Moody's employee warned SEC about muni issues

A former employee of Moody's Investors Service warned federal regulators in March about deficiencies in the credit rating agency's monitoring of municipal bonds after being rebuffed by Moody's executives, a document shows. [more...]

Date: 2009-09-30 03:18:49

Moody’s to Introduce New Spokesmoose to Repair Image

Come on Down to Moody's HQ to Meet Raytee! If anyone has a public relations problem, it’s Moody’s (MCO) , once a well-respected bond ratings service, now DC’s favorite whipping boy for its role in the credit meltdown.  Between Buffett ’s dumping of the company’s stock and Greenlight’s David Einhorn pitching it as an investment short, management at Moody’s has decided to play a little offense. [more...]

Date: 2009-09-26 18:47:14

Another former Moodys exec slams firms rating process

By Rachelle Younglai WASHINGTON, Sept 29 - The former head of compliance overseeing Moody's Corp's credit ratings business was routinely ignored when he warned that the firm was not properly monitoring municipal bond ratings, according to a letter ... [more...]

Date: 2009-09-30 01:08:28

Market Update 01/19/2009

Market Comment Mortgage bond prices fell last week pushing rates higher despite continued signs of economic weakness ... the credit crisis. Consumer sentiment came in surprisingly better than expected despite headlines ... indicator of the state of our economy. This report, provided by the Bureau of the Census, takes [more...]

Date: 2009-01-16 21:27:51

Friday’s Rates on Thursday

Huh?  Since tomorrow is Independence Day, the bond markets will be closed…so I thought I would provide you with mortgage rates on today ... with a minimum credit score of 720, “full doc” purchase with a sales price of $500,000 and a loan ... .   We also had the Jobs Report released today which reported a loss of 62,000 jobs [more...]

Date: 2008-07-03 18:00:27

Totally Disconnected: US Government Risk, Ratings, Bonds and Equities

As part of his seemingly ongoing program to remove systemic risks within the financial and corporate matrix, ... ; Poor’s reiterated its “AAA” rating for the United States, credit default swaps spreads for 10-year [more...]

Date: 2009-01-14 06:52:43

U.S. House considering Irving's bailout idea

President-elect Barack Obama this week wrangled with lawmakers over the release of the second half of federal ... when credit markets are hurting their chances of selling bonds that finance such initiatives. "We should be able to get affordable interest rates as we've done in the past but the credit market [more...]

Date: 2009-01-15 00:18:53

William O’Donnell and others at financial giant UBS issued a report earlier in the week noting some reluctance by investors to buy government bonds ... the credit crunch, investors have demanded a greater premium on securities backed by mortgages, which means consumer rates are less tied to Treasuries than before. I asked O’Donnell if mortgage rates [more...]

Date: 2009-01-08 17:39:53

Monday links: fundamental design flaws

Earnings revisions are at a two-year high.  ( Bespoke ) Emerging market bond spreads have been halved YTD.  ( EconomPic Data ) Everyone thinks interest rates are going higher .  ( Clusterstock ) Checking in on some credit market indicators .  ( Calculated Risk ) Taking a look at the longer term cycles for the VIX .  ( VIX and More ) Research into the relationship between the dispersion in equity returns, the VIX and forward alphas.  ( SSRN ) Research shows hedge [more...]

Date: 2009-09-28 16:20:34

Los Angeles Mortgage Rates Report: January 14, 2009

The US Treasury Department has been supporting the mortgage bonds market, in order to keep mortgage rates under 5% ... , their funding line gets filled up.  Imagine a funding line (sometimes called a warehouse line of credit) like a big credit card,  Normally, a big bank needs, say $100 Billion for its line.  The unexpected [more...]

Date: 2009-01-14 06:35:15

What is a US Savings Bond?

A US savings bond is a government debt instrument offered to the public for purchase which provides a fixed rate of interest over a fixed period ... and credit of the United States. Additionally, electronic registration with the Treasury gives extra [more...]

Date: 2009-01-09 17:32:53

Friday Rates are Improved

This week month continues to be very ugly for the stock market and traders are seeking the safety of bonds ... is based on owner occupied with a minimum credit score of 720, “full doc” purchase with a sales price ... week, watch for the Job’s Report will be on Thursday, July 3 (since Friday is a holiday) which tends [more...]

Date: 2008-06-27 22:02:21

State, county score top credit ratings

The markets are down, the financial sector is a shambles, and yet even facing an economic downturn and declining revenue projections, Washington state government bonds continue to enjoy one of the highest credit ratings ... by these credit rating agencies, our high ratings are largely due to the sound financial management [more...]

Date: 2008-10-15 22:46:16

21 Results