Did you know distressed loan trades take on average 66 days to settle? Mike Kerrigan of Hunton Andrews Kurth explai… https://t.co/LPCD325kgt
Investors on the defensive
Research Signals - March 2018
Volatility continued to rattle equity markets and global stocks extended their losses off of January highs, posting their worst quarter in over two years. As global economic growth eased to a five-month low in March according to the J.P. Morgan Global Manufacturing PMI™ and trade tensions escalated, flight to safety was the trade of choice as low beta outperformed across our coverage universes (Table 1).
- US: Investors took cues from analysts and the securities lending market, with strong performance to 3-M Revision in FY2 EPS Forecasts and Implied Loan Rate
- Developed Europe: High risk and highly shorted names were avoided, as gauged by 24-Month Value at Risk and Demand Supply Ratio
- Developed Pacific: Regional markets outside Japan saw strong returns to high momentum names (e.g., Industry-adjusted 12-month Relative Price Strength), while hedging against high beta and highly shorted names
- Emerging markets: Industry Relative TTM Dividend Yield and 24-Month Value at Risk captured investors reliance on the risk-off trade
- One-Year Relative Score of the IHS Markit Five-Year European Sovereign CDS Spreads: April 12, 2019
- SOFR: Q1 Quarter-End Spike?
- Distressed Loan Settlement: The PSA solution
- FRTB: Is time still on your side?
- Five Key Takeaways from the IHS Markit Corporate Access Roundtable
- Subordination (TLAC and MREL) - Preparing for the New German CDS Protocol
- Global economy gains momentum for second month running in March but manufacturing malaise deepens
- March 2019 Model Performance Report
RT @TabbFORUM: The labor-intensive, manual processes for managing inventory create risk affecting all distressed loan market participants.…