Per earlier post (see discussion and chart), corporate spreads in the US are grinding lower – with new post-recession lows for both IG and HY spreads. The Merrill HY Index spread is now below 400bp and the investment grade equivalent is below 130b…
U.S. banks may have very little exposure to the troubles in Greece, but these same banks claimed very little exposure to subprime mortgages on the…
Wall Street bankers and traders, given hope by a market rebound in the first quarter, are now seeing earnings and paychecks threatened by turmoil in…
(Reuters) – Spain showed on Thursday that it can still access the credit markets at an affordable but rising cost against a backdrop of feverish…
The plight of natural gas driller Chesapeake Energy could almost make you feel sorry for CEO McClendon. He lost his chairmanship after his conflicted entanglements and an in-house hedge fund had seeped out. The company announced it may run out of cash…
I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market “experts” laughed at when I warned of trouble brewing in the seemingly indestructible American econom…
JPMorgan Counterparty Platt Says Bank's Trading Loss May WidenSan Francisco ChronicleMay 21 (Bloomberg) — JPMorgan Chase & Co. may face even bigger losses on faulty bets in credit markets if Europe's debt crisis worsens, according to one o…
ValueWalkJPMorgan Counterparty Platt Says Bank's Trading Loss May WidenBusinessWeekBy Erik Schatzker and Stephanie Ruhle on May 21, 2012 JPMorgan Chase & Co. (JPM) (JPM) may face even bigger losses on faulty bets in credit markets if Europe'…
BloombergJPMorgan Counterparty Platt Says Bank's Trading Loss May WidenBloombergJPMorgan Chase & Co. (JPM) may face even bigger losses on faulty bets in credit markets if Europe's debt crisis worsens, according to one of the hedge funds tha…
Bond Spreads Soar as JPMorgan Goes 'Underweight': Credit MarketsBusinessWeekFixed-income strategists at JPMorgan Chase & Co. said in a report to clients dated May 18 that they expect both investment- grade and high-yield debt to underperfor…