Extended-lister
Showing 11 - 20 of 127 entries
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MSCI Blog
Higher Agency Loan-Size Limit: A Booster Shot in ARMs?Securitizations for U.S. agency adjustable-rate mortgages have declined since the 2008 global financial crisis. But could a loan-limit increase by the government-sponsored enterprises, boost issuance of agency-ARM mortgage-backed securities?
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MSCI Blog
After Evergrande: Bond Liquidity of Chinese Property DevelopersEvergrande, one of China’s largest and most indebted property developers, had a recent close brush with bankruptcy that generated considerable concern among global bond investors. In this time of distress, how has market liquidity responded?
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MSCI Blog
Can Green Spreads Uncover ESG's Influence on Bond Prices?Investors increasingly seek to build portfolios that have reduced exposure to climate-transition risk. How might these changes in investor behavior have affected prices in the corporate-bond market?
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MSCI Blog
How Climate Change Could Impact Credit RiskInvestors are increasingly focused on gauging the risks related to climate change. We investigated how various climate scenarios could impact the credit risk of portfolios. In one scenario, 16% of investment-grade issuers could migrate to high yield.
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MSCI Blog
Managing Against MBS Indexes: A Duration PerspectiveMortgage-backed securities constitute a significant portion of fixed-income indexes. Managing MBS portfolios against these indexes depends heavily on an understanding of the dynamics of MBS duration, especially in volatile markets.
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MSCI Blog
Credit Strategies During the COVID-19 CrisisShort-term credit spreads widened to a greater extent than long-term spreads during the March 2020 COVID-19 crisis. As a result, many U.S. corporate-issuer spread curves flattened or even inverted. What were the implications for corporate-bond investors?
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MSCI Blog
What Could a Rate Hike Mean for Portfolios?Although the Federal Reserve may not begin raising rates anytime soon, U.S. and global markets are scrutinizing the Fed’s communications about the likely course of policy actions. We consider three scenarios for the timing of policy responses.
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MSCI Blog
Chinese RMBS: A Way to Diversify Fixed-Income Portfolios?The market in Chinese residential mortgage-backed securities is growing, as global investors are eying the segment’s relatively high yield and potential for diversification, but seeking improved credit ratings and transparency in data and pricing.
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MSCI Blog
Securitized Products’ LIBOR Transition Picking Up PaceIn 2021, there has been significant progress in the transition from the LIBOR reference rate to its replacement, SOFR. But investors in securitized products are grappling with the challenge of the LIBOR-SOFR transition and its impact on their analytics.
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MSCI Blog
CDS Fading as a Measure of Value in Emerging MarketsCredit investors use spreads to compare relative value and risk. Studies of emerging-market sovereign debt have shown that credit-default swaps tended to be a better measure of value than spreads computed from bonds. But is it still the case?