Spreads on Canadian bank debt were modestly wider after Moody’s lowered the long-term debt and deposit ratings one level on the Big Six banks, yet analysts have not seen any evidence of credit deterioration with any of the banks. Source: Wealth Professional Canada’s dollar and bank bonds declined after Moody’s Investors Service downgraded the nation’s…
Buying into the corporate bonds market still requires calling an investment dealer’s trading desk most of the time, which has remained unchanged for several decades. Source: The Economist Manual trading has all but disappeared in much of finance. Most stock exchanges no longer have shouting floor traders; anyone from retail investors to the largest asset…
Some experts say recent growth confirms that Germany is still getting a competitive boost from the euro, which makes its exports more attractive to buyers outside the single currency. Source: RT Europe’s biggest economy expanded sharply in the first quarter of 2017, according to Germany’s Federal Statistics Office (Destatis). Growth was led by a revival…
Treasury Today talks to Vuk Magdelinic on founding Overbond and how the company plans to revolutionize the primary bond issuance process Source: Treasury Today In the second instalment of Treasury Today’s Fintech Focus series, the company takes a look at Canadian start-up, Overbond. Overbond’s CEO, Vuk Magdelinic, explains how the company looks to revolutionise the primary…
Overbond offers industry-wide access to new COBI Swap Pricing calculator. Proprietary technology caters to surge in cross-border bond issuance TORONTO and NEW YORK — May 8, 2017 — Overbond Ltd., the first end-to-end Capital Markets fintech platform for primary bond origination, has unveiled its new Corporate Bond Intelligence Tool (COBI) Swap Pricing calculator with advanced…
Like many cash-rich companies, Apple is holding onto its corporate bonds, hoping that they may soon be able to bring their cash home at a lower tax rate Source: Bloomberg If Apple Inc. were a bond fund, it would dwarf the competition. The iPhone-maker has $148 billion of its record $257 billion cash pile invested in…
The FICC market (fixed income, currencies and commodities) is moving towards digitization and automation Source: eFinancialCareers Last month, the U.S. federal reserve raised interest rates for the second time in three months, the first of three rate hikes expected in 2017. While other markets — Japan, Europe and Canada — are maintaining record-low rates, inflation in…
Emerging market bonds from autocratic regimes have outperformed those in democracies over the past year Source: Bloomberg Dictatorships are on a hot streak in the bond market. In the past year, sovereign notes from emerging markets under autocratic rule have returned 15 percent on average, compared with just 8.6 percent for securities from developing countries considered…
Ted Carmichael analyses the factors contributing to the rising concerns about pricing boom in Toronto Real Estate Market Source: Ted Carmichael Global Macro Last year it was Vancouver house prices. This year it is the Toronto housing “crisis” that has politicians panicking. In March, the average Toronto house price was up 33% over a year ago….
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
