Overbond co-founders Han Ryoo and Vuk Magdelinic in Toronto Source: The Globe and Mail Financial technology is changing how people borrow, save and invest, and is now infiltrating one of the stodgiest areas of financial services: the fixed-income market. Overbond is a relatively new Toronto-based fintech with a cloud-based pricing communication platform that automates tasks for…
Changing market structure resulting in historically low fixed income market liquidity presents challenges but also opportunities for fixed income investors Source: Bloomberg Michael Lillard, who oversees more than $600 billion as head of fixed income at Prudential Financial Inc.’s asset manager, said investors have to adjust to a market in which it’s become more difficult to…
Top 10 Fintech Facts According to the World Economic Forum, ‘fintech’ is the abbreviation for financial technology, a broad category that refers to the innovative use of technology in the design and delivery of financial services and products. The application of fintech cuts across multiple business segments, including lending, advice, investment management, execution and payments….
Lawyers for firm say ability of businesses to restructure debt outside of bankruptcy proceedings is on the line Source: The Wall Street Journal Warning that the ability of troubled businesses to restructure their debt outside of bankruptcy proceedings is on the line, lawyers representing for-profit education company Education Management Corp. and its lenders have urged an…
McDonald’s sold $2.3 billion of euro-denominated bonds last week as U.S companies take advantage of the eurozone’s cheap debt. Source: The Wall Street Journal A giant new buyer in the corporate-bond market–the European Central Bank–is set to cement a trend of American companies issuing debt on the continent. So great may be the flood, some analysts…
U.S. corporate profits, weighed down by the energy slump and slowing global growth, this would mark the S&P 500’s third consecutive quarter of declining earnings. Source: The Wall Street Journal U.S. corporate profits, weighed down by the energy slump and slowing global growth, are set to decline for the third straight quarter in the longest slide…
Promising signs in the bond market, as yields are heading higher around the world, a move typically linked to rising expectations of economic growth and inflation. Source: The Wall Street Journal As the Federal Reserve’s policy-setting committee prepares to meet on Tuesday, one signal suggests that investors believe the economy, and financial markets, may be finding…
Emerging market corporate bonds offer a reasonable prospect of both, risk and return. Source: Barrons Where can you get 5% annual returns and still sleep at night? Emerging market corporate bonds offer a reasonable prospect of both, according to Loomis Sayles. Acknowledging the risks — pressure on commodity prices, wobbly global growth, and rising U.S. interest…
Rating agencies downgrade companies from one category to another adding to volatility in trading levels. Source: Wall Street Journal Rating agency downgrades are helping shift the pricing dynamics across the U.S. corporate bond market. As credit raters drop their outlooks across the sector, the amount of additional yield that investors demand over super-safe Treasurys is rising…
High-quality corporate bonds boast half the volatility of stocks, are relatively safe as defaults are rare, and offer attractive yields. Source: Barron’s Riskier investments had a good run for the past six weeks but seem to be running out of gas. By the end of last week, oil was lower, and stocks and high-yield bonds were…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
