Standard & Poor’s January 2011 Credit Card Quality Index: What’s Behind The Trends (00:09:20 min)
Standard & Poor’s monthly credit card quality index (CCQI) aggregates pools of credit card receivables. In this podcast, Director Ildiko Szilank discusses some of the trends reported in our January CCQI, such as improved credit card performance, declining receivables, and low issuance. Other topics include our forecast for credit card losses in 2011, the correlation between losses and unemployment, regulation, and asset-backed security issuance.
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Thursday, March 10, 2011
Fortress Unveils Asia Macro HF
Fortress Unveils Asia Macro HF
03-10-2011 | Source: emii.com
People & Companies in the News
Fortress Investment Group
Daniel Mudd
Fortress Investment Group has started an Asia-focused macro hedge fund that aims to grow to $500 million, Bloomberg reports. The Fortress Asia Macro Fund has begun trading with the firm’s own money and that of a few clients.
03-10-2011 | Source: emii.com
People & Companies in the News
Fortress Investment Group
Daniel Mudd
Fortress Investment Group has started an Asia-focused macro hedge fund that aims to grow to $500 million, Bloomberg reports. The Fortress Asia Macro Fund has begun trading with the firm’s own money and that of a few clients.
WSJ: Moody's Downgrades Spain
EUROPE BUSINESS NEWS | MARCH 10, 2011, 3:57 A.M. ET
Moody's Downgrades Spain
By EVA SZALAY And TERENCE ROTH
LONDON—Moody's Investor Service Inc. on Thursday downgraded Spanish government debt to Aa2 with a negative outlook from Aa1 previously, triggering sharp declines for the euro and European bond prices in early European trading.
Moody's Downgrades Spain
By EVA SZALAY And TERENCE ROTH
LONDON—Moody's Investor Service Inc. on Thursday downgraded Spanish government debt to Aa2 with a negative outlook from Aa1 previously, triggering sharp declines for the euro and European bond prices in early European trading.
WSJ: Inflation in Asia Strikes at Core
ASIA NEWS | MARCH 10, 2011
Inflation in Asia Strikes at Core
It's Not Just Food Prices Anymore; Too-Fast Growth Strains Countries' Capacity, Raises Labor Costs
By PATRICK BARTA
SINGAPORE—Fears are growing that Asia's recent troubles with inflation could go deeper than initially expected as countries bump up against labor shortages and other problems commonly seen in times of too-fast growth.
Inflation in Asia Strikes at Core
It's Not Just Food Prices Anymore; Too-Fast Growth Strains Countries' Capacity, Raises Labor Costs
By PATRICK BARTA
SINGAPORE—Fears are growing that Asia's recent troubles with inflation could go deeper than initially expected as countries bump up against labor shortages and other problems commonly seen in times of too-fast growth.
Wednesday, March 9, 2011
S&P: To Preserve Credit Quality, U.S State And Local Governments Face Hard Choices
To Preserve Credit Quality, U.S State And Local Governments Face Hard Choices (00:09:11 min)
Standard & Poor’s expects U.S. state and local governments to maintain medium to high investment-grade ratings in 2011. However, difficult economic and revenue conditions could result in severe budget conditions, requiring tough choices by government officials. In this CreditMatters TV segment, Standard & Poor’s Managing Director Steve Murphy and Director Gabe Petek discuss the dynamics shaping the municipal markets, how the U.S. economy could affect state and local governments, state budget decisions, and pensions.
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Standard & Poor’s expects U.S. state and local governments to maintain medium to high investment-grade ratings in 2011. However, difficult economic and revenue conditions could result in severe budget conditions, requiring tough choices by government officials. In this CreditMatters TV segment, Standard & Poor’s Managing Director Steve Murphy and Director Gabe Petek discuss the dynamics shaping the municipal markets, how the U.S. economy could affect state and local governments, state budget decisions, and pensions.
Watch
S&P: European Economic Outlook: The Effects Of Higher Inflation On Growth Prospects
European Economic Outlook: The Effects Of Higher Inflation On Growth Prospects (00:14:38 min)
In this CreditMatters TV segment, Standard & Poor’s Chief European economist Jean-Michel Six reviews the likely effects of higher inflation and rising oil prices on Europe’s economies. Monetary policies in the U.K. and Eurozone are likely to turn much less accommodative sooner than we had expected. Meanwhile, consumers, confronted by higher energy and food prices, will rebalance their spending. As a result, the outlook for growth has become more uncertain.
Watch
In this CreditMatters TV segment, Standard & Poor’s Chief European economist Jean-Michel Six reviews the likely effects of higher inflation and rising oil prices on Europe’s economies. Monetary policies in the U.K. and Eurozone are likely to turn much less accommodative sooner than we had expected. Meanwhile, consumers, confronted by higher energy and food prices, will rebalance their spending. As a result, the outlook for growth has become more uncertain.
Watch
Reuters: PIMCO Total Return dumps government-related debt
PIMCO Total Return dumps government-related debt
By Jennifer Ablan
NEW YORK | Wed Mar 9, 2011 2:40pm EST
(Reuters) - The world's largest bond fund dumped all of its U.S. government debt in the biggest signal yet of how negative investors have become about the U.S. Treasury market.
By Jennifer Ablan
NEW YORK | Wed Mar 9, 2011 2:40pm EST
(Reuters) - The world's largest bond fund dumped all of its U.S. government debt in the biggest signal yet of how negative investors have become about the U.S. Treasury market.
Tuesday, March 8, 2011
CNN Money: Oil and gold: Rally won't last
Oil and gold: Rally won't last
By Hibah Yousuf, staff reporter|March 8, 2011: 5:47 AM ET
NEW YORK (CNNMoney) -- Oil above $100! Gold hitting new records! Don't fear the headlines. Most market experts think oil and gold prices will settle down as the unrest in North Africa and the Middle East region subsides.
By Hibah Yousuf, staff reporter|March 8, 2011: 5:47 AM ET
NEW YORK (CNNMoney) -- Oil above $100! Gold hitting new records! Don't fear the headlines. Most market experts think oil and gold prices will settle down as the unrest in North Africa and the Middle East region subsides.
Monday, March 7, 2011
Fitch: U.S. Senior Fixed Income Investors More Optimistic on Economy, Credit in 2011
Fitch: U.S. Senior Fixed Income Investors More Optimistic on Economy, Credit in 2011
Fitch Ratings-New York-04 March 2011: Optimism has increased among U.S. senior fixed income investors with views turning more constructive on economic growth, lending, and fundamentals across multiple asset classes, according to the most recent Fitch Ratings/Fixed Income Forum (FIF) Survey of Senior Investors. The survey was conducted from mid-January to mid-February, 2011.
Fitch Ratings-New York-04 March 2011: Optimism has increased among U.S. senior fixed income investors with views turning more constructive on economic growth, lending, and fundamentals across multiple asset classes, according to the most recent Fitch Ratings/Fixed Income Forum (FIF) Survey of Senior Investors. The survey was conducted from mid-January to mid-February, 2011.
S&P: U.S. Leveraged Debt: How Much Credit Risk Remains?
U.S. Leveraged Debt: How Much Credit Risk Remains? (00:07:56 min)
Although credit spreads in the secondary market have improved enormously, the fundamental assessments of credit risk captured in corporate credit and recovery ratings tell a different story. In this CreditMatters TV segment, Standard & Poor’s Managing Director Bill Chew provides a comprehensive look at the U.S. leveraged finance market. Topics include the improving trends in default rates, our outlook for default risk, and recovery trends.
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Although credit spreads in the secondary market have improved enormously, the fundamental assessments of credit risk captured in corporate credit and recovery ratings tell a different story. In this CreditMatters TV segment, Standard & Poor’s Managing Director Bill Chew provides a comprehensive look at the U.S. leveraged finance market. Topics include the improving trends in default rates, our outlook for default risk, and recovery trends.
Watch
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