After pain at the pump comes the electric shock
Americans are reminded about high gasoline prices daily, every time they drive. Another energy cost comes to their attention monthly: utility bills.
Americans are reminded about high gasoline prices daily, every time they drive. Another energy cost comes to their attention monthly: utility bills.
The average for a 30-year loan was 4.67%, up from 4.42% last week. Rates are up more than a percentage point and a half since the start of the year.
With minimal coupon protection, exceedingly long duration and super-tight credit spreads, the powder keg was fully loaded. Now we have sizzling inflation and hawkish central bankers providing us with the spark.
What would you pay for fixed-income assets now if you knew that the biggest holders will become forced sellers later?
Goldman Sachs Group Inc. equities traders posted a decline in the fourth quarter, adding to evidence that the frenzied activity touched off by the pandemic is cooling, even as the bank ratcheted up payouts for employees.
Country Garden Holdings said it will soon apply to Chinese exchanges for the issuance of supply-chain asset-backed securities; ABS sales after regulatory approval.
New York luxury furniture purveyor ABC Carpet & Home plans to file for bankruptcy protection as soon as Thursday and warned employees of impending layoffs.
In no other industry would a debt-financed investment that's the equivalent of going to medical school be considered the same as a film-studies degree.
A return to normal means prices will be going up for apartment dwellers, adding to inflation and complicating the Fed's job.
The difference between yields on investment-grade debt and junk bonds doesn’t bode well. It’s a sign that leverage in the system is rising.
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