\u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As we navigate this credit frenzy, keep an eye on the spread. Bank of America strategists predict a tightening to around 80 basis points in the coming month \u2013 inching closer to the 77 basis point level touched in 2021. Their six-month spread target? A range of 100-120 basis points. The conclusion? The relentless demand for U.S. credit is steering this rally, and the road ahead promises both excitement and scrutiny.<\/p>\n","post_title":"U.S. Credit Demand Fuels Second-Quarter Surge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-credit-demand-fuels-second-quarter-surge","to_ping":"","pinged":"","post_modified":"2024-04-06 03:41:17","post_modified_gmt":"2024-04-05 16:41:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16167","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Morgan Stanley\u2019s credit strategist, Vishwas Patkar, draws parallels to a bygone era. Remember the mid-1990s? After four rate cuts in 1995, the Fed maintained elevated rates for an extended period. Credit markets remained resilient, and spreads hit modern-era lows of 56 basis points, even as rates climbed. Patkar muses that we might revisit those levels \u2013 perhaps as low as 75 basis points \u2013 if a soft landing materializes.<\/p>\n\n\n\n As we navigate this credit frenzy, keep an eye on the spread. Bank of America strategists predict a tightening to around 80 basis points in the coming month \u2013 inching closer to the 77 basis point level touched in 2021. Their six-month spread target? A range of 100-120 basis points. The conclusion? The relentless demand for U.S. credit is steering this rally, and the road ahead promises both excitement and scrutiny.<\/p>\n","post_title":"U.S. Credit Demand Fuels Second-Quarter Surge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-credit-demand-fuels-second-quarter-surge","to_ping":"","pinged":"","post_modified":"2024-04-06 03:41:17","post_modified_gmt":"2024-04-05 16:41:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16167","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In the first quarter alone, investment-grade companies raised a staggering $538 billion. That\u2019s a whopping 40% of the anticipated $1.3 trillion bond supply for the entire year, according to data from Informa Global Markets. New bond offerings? Oversubscribed three to four times on average. The hunger for yield is palpable.<\/p>\n\n\n\n Morgan Stanley\u2019s credit strategist, Vishwas Patkar, draws parallels to a bygone era. Remember the mid-1990s? After four rate cuts in 1995, the Fed maintained elevated rates for an extended period. Credit markets remained resilient, and spreads hit modern-era lows of 56 basis points, even as rates climbed. Patkar muses that we might revisit those levels \u2013 perhaps as low as 75 basis points \u2013 if a soft landing materializes.<\/p>\n\n\n\n As we navigate this credit frenzy, keep an eye on the spread. Bank of America strategists predict a tightening to around 80 basis points in the coming month \u2013 inching closer to the 77 basis point level touched in 2021. Their six-month spread target? A range of 100-120 basis points. The conclusion? The relentless demand for U.S. credit is steering this rally, and the road ahead promises both excitement and scrutiny.<\/p>\n","post_title":"U.S. Credit Demand Fuels Second-Quarter Surge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-credit-demand-fuels-second-quarter-surge","to_ping":"","pinged":"","post_modified":"2024-04-06 03:41:17","post_modified_gmt":"2024-04-05 16:41:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16167","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In the first quarter alone, investment-grade companies raised a staggering $538 billion. That\u2019s a whopping 40% of the anticipated $1.3 trillion bond supply for the entire year, according to data from Informa Global Markets. New bond offerings? Oversubscribed three to four times on average. The hunger for yield is palpable.<\/p>\n\n\n\n Morgan Stanley\u2019s credit strategist, Vishwas Patkar, draws parallels to a bygone era. Remember the mid-1990s? After four rate cuts in 1995, the Fed maintained elevated rates for an extended period. Credit markets remained resilient, and spreads hit modern-era lows of 56 basis points, even as rates climbed. Patkar muses that we might revisit those levels \u2013 perhaps as low as 75 basis points \u2013 if a soft landing materializes.<\/p>\n\n\n\n As we navigate this credit frenzy, keep an eye on the spread. Bank of America strategists predict a tightening to around 80 basis points in the coming month \u2013 inching closer to the 77 basis point level touched in 2021. Their six-month spread target? A range of 100-120 basis points. The conclusion? The relentless demand for U.S. credit is steering this rally, and the road ahead promises both excitement and scrutiny.<\/p>\n","post_title":"U.S. Credit Demand Fuels Second-Quarter Surge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-credit-demand-fuels-second-quarter-surge","to_ping":"","pinged":"","post_modified":"2024-04-06 03:41:17","post_modified_gmt":"2024-04-05 16:41:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16167","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Prediction After Fed Hiked Interest Rates By 25 Basis Points<\/a><\/p>\n\n\n\n In the first quarter alone, investment-grade companies raised a staggering $538 billion. That\u2019s a whopping 40% of the anticipated $1.3 trillion bond supply for the entire year, according to data from Informa Global Markets. New bond offerings? Oversubscribed three to four times on average. The hunger for yield is palpable.<\/p>\n\n\n\n Morgan Stanley\u2019s credit strategist, Vishwas Patkar, draws parallels to a bygone era. Remember the mid-1990s? After four rate cuts in 1995, the Fed maintained elevated rates for an extended period. Credit markets remained resilient, and spreads hit modern-era lows of 56 basis points, even as rates climbed. Patkar muses that we might revisit those levels \u2013 perhaps as low as 75 basis points \u2013 if a soft landing materializes.<\/p>\n\n\n\n As we navigate this credit frenzy, keep an eye on the spread. Bank of America strategists predict a tightening to around 80 basis points in the coming month \u2013 inching closer to the 77 basis point level touched in 2021. Their six-month spread target? A range of 100-120 basis points. The conclusion? The relentless demand for U.S. credit is steering this rally, and the road ahead promises both excitement and scrutiny.<\/p>\n","post_title":"U.S. Credit Demand Fuels Second-Quarter Surge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-credit-demand-fuels-second-quarter-surge","to_ping":"","pinged":"","post_modified":"2024-04-06 03:41:17","post_modified_gmt":"2024-04-05 16:41:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16167","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Insurance companies and pension plans, those behemoths of the financial world, are swimming in a sea of capital. Clients, eager to capitalize on higher interest rates, are pouring money into their coffers. The result? A frenzied hunt for corporate bonds. But here\u2019s the catch: supply might fall short. The demand is voracious, yet new issuance struggles to keep pace.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin And Ethereum Price Prediction After Fed Hiked Interest Rates By 25 Basis Points<\/a><\/p>\n\n\n\n In the first quarter alone, investment-grade companies raised a staggering $538 billion. That\u2019s a whopping 40% of the anticipated $1.3 trillion bond supply for the entire year, according to data from Informa Global Markets. New bond offerings? Oversubscribed three to four times on average. The hunger for yield is palpable.<\/p>\n\n\n\n Morgan Stanley\u2019s credit strategist, Vishwas Patkar, draws parallels to a bygone era. Remember the mid-1990s? After four rate cuts in 1995, the Fed maintained elevated rates for an extended period. Credit markets remained resilient, and spreads hit modern-era lows of 56 basis points, even as rates climbed. Patkar muses that we might revisit those levels \u2013 perhaps as low as 75 basis points \u2013 if a soft landing materializes.<\/p>\n\n\n\n As we navigate this credit frenzy, keep an eye on the spread. Bank of America strategists predict a tightening to around 80 basis points in the coming month \u2013 inching closer to the 77 basis point level touched in 2021. Their six-month spread target? A range of 100-120 basis points. The conclusion? The relentless demand for U.S. credit is steering this rally, and the road ahead promises both excitement and scrutiny.<\/p>\n","post_title":"U.S. Credit Demand Fuels Second-Quarter Surge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-credit-demand-fuels-second-quarter-surge","to_ping":"","pinged":"","post_modified":"2024-04-06 03:41:17","post_modified_gmt":"2024-04-05 16:41:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16167","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
On March 21, the premium paid by companies over Treasuries known as credit spreads reached their tightest levels in two years. Investment-grade rated bonds clocked in at 91 basis points, while their junk-rated counterparts hit 305 basis points. These numbers tell a tale of confidence investors are placing their chips on a well-calibrated Fed strategy.<\/p>\n\n\n\n Insurance companies and pension plans, those behemoths of the financial world, are swimming in a sea of capital. Clients, eager to capitalize on higher interest rates, are pouring money into their coffers. The result? A frenzied hunt for corporate bonds. But here\u2019s the catch: supply might fall short. The demand is voracious, yet new issuance struggles to keep pace.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin And Ethereum Price Prediction After Fed Hiked Interest Rates By 25 Basis Points<\/a><\/p>\n\n\n\n In the first quarter alone, investment-grade companies raised a staggering $538 billion. That\u2019s a whopping 40% of the anticipated $1.3 trillion bond supply for the entire year, according to data from Informa Global Markets. New bond offerings? Oversubscribed three to four times on average. The hunger for yield is palpable.<\/p>\n\n\n\n Morgan Stanley\u2019s credit strategist, Vishwas Patkar, draws parallels to a bygone era. Remember the mid-1990s? After four rate cuts in 1995, the Fed maintained elevated rates for an extended period. Credit markets remained resilient, and spreads hit modern-era lows of 56 basis points, even as rates climbed. Patkar muses that we might revisit those levels \u2013 perhaps as low as 75 basis points \u2013 if a soft landing materializes.<\/p>\n\n\n\n As we navigate this credit frenzy, keep an eye on the spread. Bank of America strategists predict a tightening to around 80 basis points in the coming month \u2013 inching closer to the 77 basis point level touched in 2021. Their six-month spread target? A range of 100-120 basis points. The conclusion? The relentless demand for U.S. credit is steering this rally, and the road ahead promises both excitement and scrutiny.<\/p>\n","post_title":"U.S. Credit Demand Fuels Second-Quarter Surge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-credit-demand-fuels-second-quarter-surge","to_ping":"","pinged":"","post_modified":"2024-04-06 03:41:17","post_modified_gmt":"2024-04-05 16:41:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16167","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\nDivided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
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