(Reuters) – JPMorgan Chase & Co’s disastrous bets on corporate debt may have caused unexpected collateral damage: erratic behavior in a barometer that measures the financial health of blue-chip U.S. companies. Those bets used Wall Street derivatives called credit default swaps. They are supposed to act like homeowners insurance, allowing bondholders, banks and hedge funds…
Tag Archive for Corporate Debt
JP Morgan Latest News
Dimon Senate Hearing Postponed to June 13 – Wall Street Journal
by Newswires • • 0 Comments
CTV.caDimon Senate Hearing Postponed to June 13Wall Street JournalThe company said Mr. Dimon plans to cooperate, and a JP Morgan spokeswoman confirmed Thursday that he will appear at the June 13 hearing. The JP Morgan losses, disclosed earlier in May, …
Latest Business Headlines
European Default Protection Costs Rise After G8 – Markit – Wall Street Journal
by Newswires • • 0 Comments
European Default Protection Costs Rise After G8 – MarkitWall Street JournalLONDON (Dow Jones)–The cost of insuring European sovereign and corporate debt against default was higher in early trading Monday, after the weekend summit of leaders from major…
Latest Business Headlines
As One Trader at JPMorgan Sold Risky Contracts, Another One Bought Them – NYTimes.com
by Newswires • • 0 Comments
For hedge funds that could smell blood in the water, it seemed to be an opportunity to take on JPMorgan Chase and win. It was, in fact, such a sweet trade that even another part of the bank couldn’t pass it up. Even as a trader for JPMorgan in London was selling piles of insurance…
Bears Chat, Best of the Forums
Some Funds ‘Junk’ Their Strategy .
by Bears Chat at The Wall Street Examiner • • 0 Comments
CREDIT MARKETSOCTOBER 12, 2011, 6:29 P.M. ET.
Some Funds ‘Junk’ Their Strategy .
By PRABHA NATARAJAN
After riding a two-year rally in U.S. “junk” bonds, some high-yield bond-fund managers are looking elsewhere for returns.
Some fund managers said th…
Bears Chat, Best of the Forums
Doug Noland – Ponzi Finance Could Continue
by a Wall Street Examiner • • 0 Comments
There is risk that the FIRE economy will resume. Remember that we’re in the middle of bizzaro world here as far as finance and credit origination go.
Although we have the same issues as we had in the 1930s, this isn’t the 1930s and the United State…
Bears Chat, Best of the Forums
Global Bond Growth Rate Decelerates to Pre-Crisis Levels
by a Wall Street Examiner • • 0 Comments
Global Bond Growth Rate Decelerates to Pre-Crisis Levels: Credit Markets
By Sapna Maheshwari –
Jan 20, 2011 7:02 AM ET
The global bond market’s expansion is slowing for the first time since 2005 as governments withdraw stimulus and credit conditio…
Bears Chat, Best of the Forums
Brett Arends on Kudlow…
by a Wall Street Examiner • • 0 Comments
If you listen carefully, you’ll here him mention that corporate cash is backed by corporate debt. Go to minute 2.0 if you wish….
Exactly!
Bears Chat, Best of the Forums
BOJ will buy BBB rated corporate bonds
by a Wall Street Examiner •
…woops, the frontrunners of the Feds QE2 bought the wrong stuff! Uh oh, that’s not good.
http://www.bloomberg.com/news/2010-10-28/bank-of-japan-to-buy-lowered-rated-corporate-
debt-to-spur-economic-growth.html
The Bank of Japan plans to buy corpor…
Bears Chat, Best of the Forums
Goldman Sachs, Morgan Stanley Split on Junk as Prices Soar
by a Wall Street Examiner •
Goldman Sachs, Morgan Stanley Split on Junk as Prices Soar: Credit Markets
By John Detrixhe – Sep 23, 2010 5:59 AM ET
Morgan Stanley says investors should buy the lowest-rated corporate debt, while Goldman Sachs Group Inc. says stay away, underscorin…
