Economics
Bursting point: A deflating time for US housing market
The US housing market has come down to earth with a bump, but the landing has not been as hard as many investors had feared. There are even some positives to be gleaned from the recent strong performance of mortgage-backed securities and the success of…
Corporate credit: The final frontier for central banks
Central banks are showing more interest in corporate credit. With spreads at historically tight levels, these traditionally risk-averse investors are exploring further down the credit curve in search of returns. Matthew Attwood reports on the rise of the…
Ecuador president raises spectre of default
New socialist government drops hints that it may follow Argentina's lead and default on $10.4bn of sovereign debt - despite the nation's buoyant economic position
Software Survey 2007
Software survey 2007
Depending on Russia
Europe's increasing dependence on Russia for gas supplies throws up new risks that must be assessed. Understanding political risk is key, but the biggest risk to supply could be the lack of investment in the sector, finds Roderick Bruce
GMO's emerging market high-flyers
Bill Nemerever and Tom Cooper, co-managers of GMO's emerging markets debt portfolio, have made their names sourcing cheap debt in unusual locations. Shunning roadshows and local currencies, they barely even travel to the countries they invest in. Dalia…
Talkingpoint - 2007 outlook
Change is in the air for 2007. A deterioration in credit quality and concomitant rise in default rates may presage a tough year. We asked five leading market participants for their outlook
A view on 2007
Viewpoint
An environmental concern
Structured product providers are rushing to create environment-themed investments, with notes linked to biofuels, clean energy and the water industry emerging over the past few months. John Ferry reports
Jilted Argentina bondholders appeal to World Bank in final throw of the dice
Creditors holding $20 billion in defaulted Argentina bonds are taking their case to the World Bank in an effort to force the sovereign to pay up, or at least return to the negotiating table
Protected from the credit glare?
Systemic risk
Out of the box
Data
Moving targets
Japan convertible bonds
A risky climate
Climate change
Oil prices: Risk of a fall?
Consensus forecasts predict lower oil prices next year, although a minority of analysts, sceptical that demand will fall, expect higher 2007 prices. Beyond 2008 the supply picture could be much tighter than generally thought, some experts say. Stella…
Trading opinions
Energy risk professionals from all over Europe gathered in London last month at the Energy Risk Europe conference to debate the hottest topics facing the industry today. The Energy Risk team bring you some highlights
The third way
Cantor Fitzgerald's fixed-income research team
The price of political risk
Korea credit
Upgrading the rating process
As the debate rages over the usefulness of credit ratings, Moody's unveils a set of credit risk indicators derived from market movements. Will 'market implied ratings' silence the agencies' critics?
Upgrading the rating process
As the debate rages over the usefulness of credit ratings, Moody's unveils a set of credit risk indicators derived from market movements. Will 'market implied ratings' silence the agencies' critics? Nikki Marmery investigates
Upwardly mobile
Korea
A quiet revolution
Governments have traditionally kept their limited use of derivatives close to their chests. But some sovereigns are now broadening their mandates to encompass a wider array of risks and they are increasingly turning to the derivatives markets. By Navroz…
