Extended-lister
Showing 101 - 110 of 127 entries
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MSCI Blog
Santander’s Coco extension: The New Market Norm?Banco Santander announced it would extend — i.e., not call — its additional-tier-one contingent-convertible (coco) bond. Was the market caught off guard?
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MSCI Blog
The Risk in Risk-Parity StrategiesThe relationship between bonds and equities may be especially important to investors who employ a risk-parity approach. In our analysis, as the bond-equity correlation turned strongly positive, the effect on risk-parity portfolios was much greater than that on traditional 60/40 equity/bond portfolios.
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MSCI Blog
Are Subprime Auto Loans at a Tipping Point?Investors and the media have lately turned their attention to credit risk in U.S. subprime automotive lending — concerns that increased during the recent market volatility.
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MSCI Blog
Venezuela and the Specter of Recovery RiskVenezuela unfortunately finds itself on the verge of political and economic collapse. From the perspective of investors in the country’s sovereign and corporate bonds, recovery risk is now likely a bigger consideration than default risk.
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MSCI Blog
How mortgage fees affect rates and spreadsHow could potential changes in U.S. mortgage policy and possible long-term industry trends affect mortgage-related fees and rate spreads?
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MSCI Blog
CDS Hedging: Exploring all the OptionsThe credit-default-swap (CDS) market previously offered a cost-effective means to make short-term hedges or place bets on an individual issuer’s credit.
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MSCI Blog
From credit crunch to liquidity crunch: managing liquidityVolatility of credit spreads in both emerging- and developed-market debt increased significantly in 2018. Large rises in credit spread levels were followed by increased bid-ask spreads, making it expensive to reduce exposure within a short time frame.
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MSCI Blog
U.S. Real yields: Opportunities and Warning SignsDespite the recent rally in the U.S. government bond market, real U.S. bond yields (i.e., nominal yield minus the market-implied rate of inflation) still remain substantially higher than at the beginning of the year. This may be both a blessing and a curse for investors.
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MSCI Blog
Investing in Convertible Bonds When Rates RiseIs my convertible bond more like a stock or a bond? How can I identify convertible bonds offering protection from rising rates?
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MSCI Blog
Managing MBS risk in a rising rate environment (Part 2)Will U.S. homeowners slow down the heady prepayment rate on their mortgages — even if interest rates remain unchanged, thus potentially harming returns of mortgage-backed securities (MBS) and extending the duration of these securities?