Former Wall Street money manager warns of the COVID-19 crisis as one of the biggest insolvency risks in history. Source: Forbes Bitcoin has largely failed to perform as a so-called safe-haven asset during the coronavirus crisis so far—though that could have begun to change. The bitcoin price fell sharply last month amid a broader market…
With a higher-running yield, spreads now have to widen more and faster for price losses to overcome the large yield advantage that comes from holding credit. Source: Seeking Alpha As a professional bond manager glued to a screen watching prices every day, it’s hard to fathom that just a few weeks ago when March began…
Despite the human costs of the COVID 19 pandemic, more innovative use of artificial intelligence and machine learning in healthcare is one example on how this can be applied to enhance the financial industry. Source: CTV News MONTREAL — Despite years of discussions between politicians and doctors, the Quebec government couldn’t find a way to…
Predictions from 34 big thinkers on how a global crisis on the scale of Coronavirus can change the world permanently. Source: Politico For many Americans right now, the scale of the coronavirus crisis calls to mind 9/11 or the 2008 financial crisis—events that reshaped society in lasting ways, from how we travel and buy homes,…
China is facing its first quarterly contraction in decades and the weakest year since 1976. Now a second COVID-19 virus shockwave appears to be hitting Chinese factories. Source: Bloomberg Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders already made, putting goods ready to…
This high level of corporate debt has made the U.S, particularly vulnerable to sharp downturns in global economic activity. Source: S&P Global Since mid-February, the market has turned sharply down in response to the coronavirus pandemic. The S&P 500® has fallen about 32% from its peak this year. Equity volatility shot up, as VIX® went…
The spectre of a solvency crisis for the broader economy has jolted central banks and governments into action. Source: Financial Times In the fight to stop the coronavirus outbreak destabilising the global economy, central banks have gone “all in” with intervention after intervention to calm capital markets. Governments are following closely behind, announcing massive spending…
The COVID-19 crisis could trigger a sudden and massive reassessment of corporate credit risk, extending beyond the oil and gas sector where stress has thus far been most visible. Source: LA Times As Ryman Hospitality Properties built a hospitality and entertainment empire around the original Nashville radio show, the parent company’s debt grew to more…
Just how bad COVID-19 will ultimately be for the US and global economy is difficult to say, with no real frames of reference as precedent – the author discusses two extreme scenarios as a framework for what may be. Source: Bloomberg How bad COVID-19 will be for the U.S. economy is almost impossible to say,…
Apart from the market risk ramifications of COVID-19, the fact that we are also in the early stages of a large-scale operational-risk episode, including the negative impact on liquidity of traders working from home. Source: Bloomberg via GARP (Bloomberg) — The impact of the coronavirus outbreak on Wall Street may worsen trading conditions for one…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
