首页 社会内容详情
皇冠体育网址(www.hg108.vip):The worst is yet to come for US credit markets

皇冠体育网址(www.hg108.vip):The worst is yet to come for US credit markets

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

新2手机管理端网址www.99cx.vip)实时更新发布最新最快最有效的新2手机管理端网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

Slowdown woes: Construction workers unload sheet rock at a residential and commercial building under construction in Manhattan. The strong balance sheets of companies aren’t expected to be enough to prevent further losses, particularly for junk bonds. — AP

NEW YORK: The ugliest year ever for US corporate-bond investors is expected to get uglier – and they only have the Federal Reserve (Fed) to blame.

With the central bank raising interest rates at the fastest pace in decades, nearly three quarters of those who responded to the MLIV Pulse survey said that tighter monetary policy is the biggest risk facing the corporate-debt market.

Just 27% were more concerned that corporate bankruptcies will pile up over the next six months.

The results underscored the bittersweet outlook for fixed-income investors that were hit during the first half of the year with the deepest losses since at least the early 1970s.

The survey included responses from 707 investment professionals and individual investors.

On one hand, they don’t think the troubled run is over, with more than three quarters anticipating that yields this year will widen to new peaks over Treasuries.

But, at the same time, a majority expects the downside to be relatively limited.

,

皇冠体育网址www.hg108.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。皇冠体育网址APP上最新登录线路、新2皇冠体育网址更新最快。皇冠体育网址开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

They predict that spread – a key gauge of the extra compensation demanded for the perceived risk – will hold well below the levels seen during the March 2020 Covid crash or the recession set off by the housing market downturn.

“There is definitely much more downside, or risk, to widening from where we are right now,” said Kurt Daum, senior portfolio manager at USAA Investments, a Victory Capital franchise.

Yields on corporate bonds have edged steadily higher over Treasuries during the waves of selling that raced through fixed-income markets this year.

That spread on investment-grade corporate debt reached as much as 160 basis points (bps) in July, according to Bloomberg’s index, before pulling back slightly.

But the relatively muted spread increases anticipated ahead show investors expect the corporate-finance market to avoid the kind of stress that followed the 2007-2009 recession, when investment-grade yields surged to more than 600 bps above Treasuries.

In March 2020, that gap hit nearly 400 bps, prompting the Fed to step in to ensure that a lack of available credit didn’t deal another hit to the economy.

The outlook likely reflected the strong position many companies are in after profits surged on the back of pandemic-related stimulus and two years of rock-bottom interest rates.

Despite speculation that the United States is veering toward a recession, on Friday the Labour Department reported that hiring unexpectedly surged in July by the most in five months, underscoring that the economy remained strong despite the Fed’s aggressive monetary policy tightening.

  • 皇冠最新登录线路(www.hg108.vip) @回复Ta

    2022-09-26 00:36:42 

    李昱叡强调,卢市长上任以来积极推广身心障碍运动,台中也是首座成立身心障碍体育总会的城市,每年定期筹办专属身障选手的全市性综合运动赛会,今年更首度在台中兴达杯篮球锦标赛,选拔代表我国参加2022年亚太听障篮球锦标赛,另外也办理听障保龄球热身赛积极备战,欢迎市民关注赛会为选手加油。我让外国朋友来看

发布评论