Credit Archive

Italian article this am

Misrepresents what I say a bit, but they do have my picture next to JFK! ;) The IMF: sovereign currency, no longer the monopoly of the banks Eliminate the public debt of the United States at once, and do the same with Great Britain, Italy, Germany, Japan, Greece. At the same time ...Read More

Credit spillovers from Eur banks to EM

Makes sense. I always wondered how that loan demand was accommodated. Never looked like the kind of lending US regulators would sanction. Karim writes: Interesting table from JPM. Much larger dependence on credit from Eur banks for LATAM economies than from U.S. banks. Poland/Russia not as surprising but still large! Overall, domestic ...Read More

mtg apps dip

How does that go again about low rates helping housing? Mortgage Applications Dipped Last Week June 29 (Reuters) — Applications for U.S. home mortgages slipped last week as demand waned, even as mortgage rates dropped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application ...Read More

mtg apps for new purchases fall again

Seems the fall off after the tax credit ended April 30th has yet to fully run its course: US Mortgage Applications Soar on Refinance Demand July 7th (Reuters) —Refinancing drove total U.S. mortgage applications to a nine-month high last week, while demand for loans to purchase homes sunk to a near 13-year ...Read More

Total Credit decline from $2,475 billion to $2,463

[Skip to the end] Two things: 1. Sales remain soft. 2. The federal deficit spending facilitates the same amount of sales with less credit. >    >   (email exchange) >    >   On Sun, Jul 12, 2009 at 9:20 AM, Dave wrote: >    >   Yet another month where the decline in consumer credit comes in worse than ...Read More

2009-04-06 CREDIT

[Skip to the end] IG On-the-run Spreads (Released 5:02 EST) IG6 Spreads (Released 5:02 EST) IG7 Spreads (Released 5:02 EST) IG8 Spreads (Released 5:02 EST) IG9 Spreads (Released 5:02 EST) IG On-the-run Spreads (Apr 06) [top][end] IG6 Spreads (Apr 06) [top][end] IG7 Spreads (Apr 06) [top][end] IG8 Spreads (Apr 06) [top][end] IG9 ...Read More

AVM Corporate Credit Weekly Update

[Skip to the end] AVM Corporate Credit Weekly (Released n/a EST) AVM Corporate Credit Weekly (Dec 19) General Commentary It looks like people definitely took our thoughts from last week to heart, as the “January Effect” came early to the corporate credit markets this past week. The IG, High Yield and Leveraged ...Read More

New Fed securities purchases

[Skip to the end] I like this part, after all the criticism of lenders who relied on credit agency ratings: “Each month, the Fed will auction off a fixed amount of one-year loans based on competitive bids to borrowers who will use the loans to purchase newly- or recently-issued AAA-rated consumer and ...Read More

Re: Uncle Sam’s Credit Line Running Out?

[Skip to the end] (email exchange) >    >   On Wed, Nov 12, 2008 at 10:31 AM, John wrote: >    >   Here is support for recent reviews and portfolio positions. >    Yes, thanks, and ridiculous, of course. Comments below: Uncle Sam’s Credit Line Running Out? By Randall W. Forsyth The yield curve and credit-default swaps ...Read More

2008-10-13 CREDIT

[Skip to the end]   Breaking out to new wides, as equities test new lows. As before, equities are unlikely to rally substantially without the rest of the credit products tightening up. It’s all the same thing. IG On-the-run Spreads (Released 5:02 EST) IG6 Spreads (Released 5:02 EST) IG7 Spreads (Released 5:02 ...Read More