Broader classes of creditors and debtors indulging in their appetite for additional and diverse financial risk
Size alone offers little or no protection
OSFI stresses that covered bonds cannot be issued until policy concerns are resolved
Credit default swaps on major New York investment firms’ bonds are surging, says NBF
The Securities Industry and Financial Markets Association reported that US bond issuance increased to US$6.13 trillion in 2006, the second highest volume ever, up from the US$5.71 trillion issued in 2005. Corporate bond issuance reached a record-setting US$1.05 trillion, increasing by close to 40% from year-ago levels, and issuance of asset-backed securities also set a […]
Pace of defaults to quicken in 2007, says Moody’s
Low default rate not sustainable, Fitch says
Federal, provincial, and municipal governments are expected to issue approximately $75 billion in long-term market debt
Little impact on liquidity by introduction of electronic trading
Europe sees increase in buy-side participation