An anecdote.
Category: credit
The Fed Will Be Building A Corporate Bond Portfolio. Or Didn’t You Believe Them?
“It would be helpful if you soon began buying in size.”
Fed Engineers $1 Trillion Miracle In US Corporate Bond Market
“…the perfect answer for a central bank dealing with a credit crunch”.
Why A Massive Debt-To-Equity Swap May Be Coming
“…equity markets are set to experience a wave of capital raisings”.
$7 Trillion And Signs Of Addiction.
As ever, the whole thing is a bit of a paradox.
Why You Have No Choice But To Buy Corporate Bonds Despite Black Swan Bankruptcy Spiral
Wicker giraffes and decorative plates.
Behold: The ‘Powell Effect’ On The World’s Most Popular Investment Grade Credit ETF
The Fed found what transpired in late March to be wholly distasteful.
Don’t Fear The Zombies.
What happens after that? How do you sort that out? Spoiler alert: You can’t.
Behold! The Fed’s First $305 Million In ETF Purchases
Call it a “nibble”.
As Fed Wades Into Credit, One Bank’s Clients Are ‘The Most Bearish On Fundamentals We Have Ever Seen’
“So it would be helpful if you soon began buying in size”.
Deutsche’s Kocic On Risk Premia, ‘The Missing Variable,’ And The Elusive Post-COVID Reality
For now, he says, most of this “remain[s] largely out of grasp”.
The Fed Effect On Flows, And A $4.7 Trillion Cash Pile Suddenly Facing Negative Returns
Flow reversals and the “cost of cash”.
Freight Trains.
Choose wisely.
The Fed May Have Already Saved Taxpayers $60 Billion In Averted Boeing Bailout
Critics will be critics, though.
Well, Is There A Future Or Isn’t There?
“Yeah, sport, I know there’s a blizzard.”
There Will Be Scars.
But “there are believers out there.”
Write-Offs.
They told us to “look through” it. And so, we did.
Silver Linings In Abundance.
“…it doesn’t pay to rail that traders are getting it wrong if you don’t like how things go.”
Harley Bassman: Fed Now Risks ‘Eroding The Basic Foundation Of Capitalism’
“It is never different this time.”
Junk Bonds’ Guardian Angel Is Only So Benevolent
Not everyone is a winner.
Once Red-Hot Private Debt Market Sees 41% Collapse In Fundraising Amid Virus Tumult
Back in January, JPMorgan’s Nikolaos Panigirtzoglou noted that persistent underperformance from hedge funds over long
Do Not Go Gentle Into That Good Friday
“The world has indeed changed”.
Fed Takes In Fallen Angels, Will Buy Junk Bonds, High Yield ETFs
Are you concerned about “fallen angel” risk in the credit market? Put differently, are you
The World Desperately Needs More Dollars. And The IMF Knows It.
The swap lines aren’t enough. And neither is the foreign repo facility.
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