Standard and Poor’s held a 25th Anniversary Event yesterday for their publication ”Credit Week”. After a short look back at the significant events of the credit markets since 1982 (when 10 year Treasury rates touched 15%) by Kathleen Corbet, President of S&P, a panel of credit market leaders were introduced by Vickie Tillman, Exec VP of S&P, to […]
Wednesday, January 24, 2007
From the homepage of Kamakura…quantitative ratings agency…
“…history cautions that extended periods of low concern about credit risk have invariably been followed by reversal, with an attendant fall in the prices of risky assets. Such developments apparently reflect not only market dynamics but also the all-too-evident alternating and infectious bouts of human euphoria and distress and the […]
Wednesday, January 24, 2007
The new tagline for the NYSE Bonds…Let’s Bond…
Yes, American investors a new asset class is coming. Thanks to the hard work of all at the NYSE Bonds group…
A story in the NY Post which is too good to pass up…”Hot Commodity: Traders New Pit - YouTube”… Ex NY Merc trader, Mike Carboni, has started producing videos and uploading them to YouTube. His subject is trading and he is sharing his knowledge of this market.
From the Post article, “Due in part to the recommendations, Carboni’s […]
A song (!) about the glut of global capital…from Howard Morgan’s blog, Way Too Early
Saturday, January 13, 2007
All the participants of the recent battle to make NYSE real time data available to the internet portals have won…another step forward for transparent markets!
The New York Stock Exchange wins by making trade quotes available in real time to a potentially very large audience of “casual” investors and also by creating direct relationships with internet portals.
Google (Google’s […]
The retail ATS platform BondDesk has announced new Directors for their Board.The new directors are:
Alex Goor, Co-President of Instinet
Colin Heffron, President and Director of GFI Group
Peter Crosbie, former President and CEO of KMV, a division of Moody’s
Chris Egan, Principal at Advent International
Chris Pike, Partner at Advent International.
They join Rob Slaymaker, CEO of BondDesk Group, to […]
One of my fondest hopes was that the rating agencies would start to sell their research reports as individual units instead of large subscriptions. This would benefit individual investors and increase access to information.
S&P announced today that you can order their weekly credit report CreditWeek as a standalone subscription. Although the subscription is rich at $1,500 […]
The Committee on European Securities Regulators (CESR) released their annual assessment of the compliance of rating agencies with the IOSCO Code of Conduct for Credit Rating Agencies. The Code of Conduct has three central parts:
The quality and integrity of the rating process
Rating agency independence and avoidance of conflict of interests
Rating agency responsibility to the investing […]
Thursday, January 4, 2007
Its priced like gold but its junk…The speculative end of the credit scale has swollen to include 71% of all US firms that issue debt according to a study developed by S&P and cited in an article in the WSJ today.
While this is ok in times of low interest rates and good growth prospects… should economic activity […]
