Debt market activity slowed to a comparative crawl to start out 2019. as a whipsaw stock market retreat led to a general freeze-up in multiple areas of corporate lending and borrowing.
"It's all a function of the fact the markets shut down basically in December. It was unusual because normally credit leads equities. This was one where equities led the massive deterioration in credit," said Joseph LaVorgna, chief economist for the Americas at Natixis."The spigot turned off." Issuance plummeted across the board, from syndicated loans to mergers and acquisitions to institutional lending. Securitized products such as collateralized loan obligations also saw a huge drop in activity as did leveraged buyouts, according to data compiled by Refinitiv.
LaVorgna said he expects that with much better conditions in the stock market this year, that should lead to a turnaround in the corporate debt market.Underwriters quoted by Ioana Barza, director of analysis at Thomson Reuters who compiled the Refinitiv report, spoke about market conditions.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Stocks open mostly unchanged as market participants eye falling yieldsU.S. stock indexes opened mostly unchanged on Wednesday, but concerns over falling bond yields continue to dampen overall market sentiment. At the opening...
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »
Cloud stocks are getting clobberedCloud stocks are often among the hardest hit when markets fall, as investors give back some of the sector's impressive gains.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »
'A bull market for losers': A Wall Street expert blows the lid off a group of thriving stock-market 'deplorables' he says has no business drawing investmentVincent Deluard of INTL FCStone lays out a series of statistics that suggest overlooked weakness and vulnerability in the small-cap space.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Bump stocks are turned in or destroyed as ban takes effectBump stocks – the attachment used by the gunman in the 2017 Las Vegas massacre to make his weapons fire rapidly – became illegal in the U.S. on Tuesday. Many thousands of the devices have been turned in or destroyed. Ha was our brother Stephan Paddock (Abu Abdulbir Al Amriki ) may Allah accept him Only the Law abiding Citizens turned them in. No strides were made by banning these as Criminals still have theirs. Quit taking a victory lap as you won nothing! Hey did we ever find out the motivations behind this shooting? It seems to have quickly disappeared into the ether
Fonte: AP - 🏆 728. / 51 Leggi di più »