Bank

What the Bank of Canada’s rate hike means for you – Mortgage Matters

Picture: Contributed As expected, the Bank of Canada raised its overnight rate by 0.25% last Wednesday. The overnight rate determines the rate that banks use to lend money to each other and any change in this rate is passed on to consumers by changing the rates of some of the banks’ lending products. Adjustable rate […]

Bank

Players ready to break the bank

NFL Free Agency 2022: Jameis Winston #2 of the New Orleans Saints looks for a pass during an NFL game against the Tampa Bay Buccaneers at Caesars Superdome on October 31, 2021 in New Orleans, Louisiana . (Photo by Sean Gardner/Getty Images) The 2022 offseason is set to begin, as teams prepare to rebuild, retool […]

Credit cards

Square brought credit cards to small merchants and survived Amazon

Jim McKelvey, who co-founded Square with his friend Jack Dorsey, didn’t just create a hugely successful innovator in card payments and survive a competitive attack from Amazon, he wanted to understand what made it successful. . And he wanted to see if Square had developed any principles or skills that might be applicable to other […]

Credit score

Using Ethical Data Mining to Improve Your Company’s Credit Score

Reading time: 4 minutes Data mining doesn’t always have the best reputation. scandals like the Leveraging Cambridge Analytica Facebook data revealed in 2018 impacted consumer opinion on data mining and similar processes. However, what is underestimated is that there are many ethical ways to use data mining to improve customer satisfaction, service offerings, and even […]

Corporate bonds

Voluntary Retention Path: Corporate Bonds May See REIT Flow Increase After VRR Limit Hike

MUMBAI – Canadian pension funds, sovereign wealth funds from Singapore and Norway and long investors from the United States are expected to increase their investments in Indian fixed income securities after the central bank raised ownership limits on Thursday. foreign in Indian bonds. Although the upper limit could have been set taking government bonds into […]

Corporate bonds

HPF: CEF Preferred Stock and Corporate Bonds (NYSE: HPF)

parmuratdeniz/E+ via Getty Images Thesis John Hancock Preferred Income Fund II (HPF) is a closed-end fund focused on preferred shares and preferred convertible securities. The primary objective of the fund is a high level of income, followed by preservation of capital. The vehicle aims to invest at least 50% of the fund’s holdings in higher […]

Bank

Unions blast Bank of England’s call for wage moderation as inflation soars – Business Live | Business

Hello and welcome to our ongoing coverage of the global economy, financial markets, eurozone and business. With the UK’s cost of living crisis worsening, energy regulator Ofgem is proposing to adjust the price cap on bills twice as frequently, to cope with market volatility. A day after UK households learned that average bills would rise […]

Corporate bonds

Regulation expected to limit corporate bond growth | Bank and finance

Illustrative photo The government has now taken steps to tighten control under Circular 16/2021/TT-NHNN on the purchase and sale of corporate bonds by credit institutions and branches of foreign banks, which will be effective from January 15, 2022. It remains to be seen whether this regulation will help to tighten banks’ investment in corporate bonds […]

Corporate bonds

Corporate bond issues will benefit from standards offered by RBI: India Ratings

MUMBAI: The Reserve Bank of India (RBI) working paper on prudential standards for banks’ investment portfolio, if implemented, is expected to bring about structural changes by allowing corporate bonds to qualify for the held-to-maturity (HTM) portfolio, said India Ratings and Research. The proposed inclusion of corporate bonds will catalyze bank investments in corporate bonds, especially […]

Corporate bonds

RBI Investment Corporate Bonds: Proposed Changes to RBI Investment Standards to Usher in Structural Changes in the Bond Market: Report

Mumbai: The proposed revision of prudential standards for banks’ investment portfolio by the Reserve Bank will bring about structural changes in the system by allowing corporate bonds to qualify for the held-to-maturity portfolio ( HTM), if implemented, according to a report by ratings firm Ratings of India. “The proposed inclusion of corporate bonds will catalyze […]

Corporate bonds

Tech-light corporate bonds escape worst of stock market woes

Even though US investment grade credit risk premia have reached their highest level in a year, they are at levels similar to those of early February 2020. Credit may have been boosted less by central bank stimulus; US IG debt holders have returned 9% through 2020-21, while US equities have returned 47%. Many companies also […]

Corporate bonds

Analysis: Tech-light corporate bonds escape worst of stock market woes

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register LONDON, Feb 1 (Reuters) – The U.S. Federal Reserve is on a warpath and global equities had their worst start to the year since […]

Corporate bonds

Analysis-Tech-Light Corporate bonds deviate from worst stock market woes | Investment News

By Yoruk Bahceli and Saikat Chatterjee LONDON (Reuters) – The U.S. Federal Reserve is on a warpath and global equities had their worst start to the year since 2016, but corporate credit, with limited exposure to the hardest-hit tech companies, is showing signs of remarkably resistant. While US and European corporate bonds – those rated […]

Bank

The 2022 budget is expected to increase market volatility; Top choice ICICI Bank, L&T and SBI

Jayesh Bhanushali, AVP, Research, IIFL Securities, said he expects markets to remain under some selling pressure for the February series. In an interview with Kshitij Anand of Zeebiz, Shah said that we have entered a bullish sell market. With the US Fed expected to raise interest rates and shrink its balance sheet by early March, […]

Bank

From Boro to Benidorm: the man from the south bank walking 2,000 km to the Spanish seaside resort

A South Bank man is about to embark on the journey of a lifetime, as he travels more than 1,200 miles to raise awareness about mental health and male suicide. Tom Judge is the founder of First Contact UK – a charity that helps people with mental health issues get back on track. After struggling […]

Corporate bonds

What are corporate bonds and how do they work?

Corporate bonds are excellent investments for those seeking higher yields and can withstand increased risk Kameleon007 for iStockphoto; Cloth Contents What is a corporate bond? In a nutshell, a corporate bond is like a loan from an investor to a company, which the company repays with interest on the bond’s maturity date. Companies see bonds […]

Bank

Reserve Bank set to face inflation problem and rate hike dilemma in 2022

One word kept interest rates near zero in the developed world last year, but it is disappearing faster than the value of a stockpile of out-of-favor memes. This word was “transient”. According to the Macquarie dictionary, it means “during a short time” – a definition which itself requires some definition. The noun to which the […]

Bank

World Bank president slams Microsoft over Activision Blizzard deal

On Tuesday, Microsoft announced it was buying Activision Blizzard for $68.7 billion. The deal sent shockwaves through the gaming industry and the stock market. For example, Sony’s market value dropped by around $20 billion a day after the news broke. Even the World Bank had to share its opinion on the massive deal, in a […]

Bank

Bank of America Stock: Buy Ahead of Fed Rate Hike (NYSE: BAC)

Massimo Giachetti/iStock Editorial via Getty Images This article is part of “Charlie Munger’s Portfolio” series, in which I dive into the legendary investor’s best long-term investments. Following my recent coverage of Wells Fargo & Company (WFC) and Alibaba Group Holding Limited (BABA), which rank second and third in Munger’s portfolio, it’s time to explore Munger’s […]

Credit cards

Amazon will continue to accept Visa credit cards in the UK as it tries to resolve a payment dispute | Economic news

Amazon has announced it will not stop accepting Visa credit cards for payments in the UK later this week, as had been planned as the two companies seek to resolve a dispute. In an email to customers, the online retailer said it was “working closely with Visa on a potential solution.” The decision was due […]

Credit cards

Kiwis literally freeze credit cards to curb the urge to splurge

New Zealanders are resorting to drastic measures to limit credit card spending, including literally freezing their cards. A survey by financial research and comparison site Finder found that more than half of respondents (55%) were taking steps to manage credit card spending. More than one in five had set a limit on their card and […]

Bank

Detroit Land Bank manager resigns + chief targets gun violence

Happy Saturday, Detroit! Here’s everything you need to know to start the day. Here’s everything happening around Detroit today. First, today’s weather forecast: Cold; cloudy, then some sun. Top: 18 Bottom: 8. Here are today’s top stories in Detroit: Director of the Detroit Land Bank resign; the council appoints an interim chief. (The Detroit News) […]

Bank

Retail sales, bank profits, collapse of talks with Russia

© Reuters. By Geoffrey Smith Investing.com — Retail sales data will provide a further indication of market concern over rising interest rates and the strength of the economy. Bank earnings kick off fourth-quarter reporting season and diplomatic talks aimed at stopping another Russian invasion of Ukraine break down with no progress. European energy prices are […]

Corporate bonds

Corporate bonds under strict control this year | Business

A bank employee handles cash. (Photo: VNA) Hanoi (VNS/VNA) – As the corporate bond market has shown signs of rapid growth, this capital raising channel will be closely inspected and monitored this year. The corporate bond market flourished with an estimate annual issue value over VND500 trillion (21.9 billion) in 2021, bringing the total value […]

Credit score

7 Steps To Improve Your Credit Score Now

If your credit score leaves something to be desired, don’t worry. There are steps you can take to increase this score and improve your financial situation. There are many benefits to having a high credit score. This can lead to lower interest rates on credit cards, student loans and personal loans, or even your mortgage. […]

Corporate bonds

Should we invest in corporate bonds via new platforms?

Even though interest rates are at rock bottom today, bond investors have reason to rejoice. With the recent emergence of many fixed income platforms such as Bondskart, BondsIndia and Axis Direct YIELD, investing in a wide variety of corporate bonds has become easier for retail investors. However, a minimum investment requirement of ₹2 lakh on […]

Credit score

Will defaulting on repayment hurt the child’s credit rating?

Failure to repay a student loan affects the child’s credit rating and impacts the co-applicant’s credit ratings. Applying for a student loan is one way to enter the credit system; when an individual submits a loan application, the financial institution verifies the CIBIL score with the bureau, effectively entering the credit system. Ankit Mehra, Founder […]

Credit cards

Learning about credit cards is an essential part of financial literacy | News

For many college students, college is their first time earning their own money and paying their own bills. Credit cards can be a positive tool for some, but can cause long-term damage to others. Several experts are looking into credit cards and financial literacy. Paul Rose is a psychology professor specializing in consumer psychology. He […]

Corporate bonds

Double whammy for low-rated corporate bonds

At the end of a hectic week for low-rated corporate bonds, it is the Federal Reserve, not the Omicron coronavirus variant, that remains the biggest concern for investors in the asset class. By now, many debt investors have grown accustomed to the sharp swings in the markets after a surge in Covid-19 cases sparked a […]

Credit score

How to Cancel a Credit Card Without Destroying Your Credit Score

Sarah Tew/CNET If you find yourself with too many credit cards or have been accumulate too much balance on them, you might consider closing a credit card. While this can make your life easier, there are some complications that need to be considered. Contrary to what TV sitcoms might have taught you, canceling a credit […]

Credit cards

Debit Cards vs Credit Cards: Understanding the Differences Before You Shop

Paper or plastic? It’s a question you might hear in the grocery store line, but it could also be the one you ask yourself when paying for a purchase. Paper, of course, is cash, but when we talk about plastic, we are talking about debit or credit cards. Since not everyone knows the differences between […]

Corporate bonds

Wealth Management Products and Corporate Bonds – The Diplomat

Advertising Chinese property developers recently missed payments on wealth management products and corporate bonds, which compete for the title of China’s riskiest assets. Major promoters raised funds through all available channels to maintain cash flow. Principal and interest from investment income frequently came from property sales, which have declined sharply this year. As a result, […]

Corporate bonds

Is the corporate bond market on the mend, or is it?

National Treasury, Director General of Public Debt Management Office Wohoro Ndoho (centre) rings the bell at the Nairobi Stock Exchange (NSE) to launch the listing of the M-Akiba bond, a mobile-only commercial bond. [Jonah Onyango, Standard] The dark cloud that hung over the corporate bond market seems to be dissipating. With three companies – East […]

Credit cards

Ally to invest big in credit cards with $750 million deal with Fair Square

Ally Financial, a major player in the auto finance industry, said it would buy credit card company Fair Square Financial for $750 million. The all-cash deal is expected to close at the end of the first quarter of 2022, Ally said in a statement Thursday. “Our announcement of the acquisition of Fair Square Financial – […]

Corporate bonds

A flatter yield curve is bad news for corporate bonds, says BofA

(Bloomberg) — Inflation fears that have rattled short- and medium-term U.S. Treasuries this month could spell trouble for credit markets, Bank of America Corp strategists say. Concerns about rising inflation narrowed the spread between short-term and long-term Treasury yields. This kind of yield curve flattening has historically hurt investment-grade corporate bond yields, strategists wrote in […]

Credit score

Behaviors that can hurt your credit score | Lifestyles

Credit plays a vital role in helping people achieve their personal and financial goals. A good credit score can help people qualify for favorable home loan terms, paving the way for them to move into their dream home. A strong credit history can also help consumers earn benefits, and young people who learn how to […]

Corporate bonds

For an active corporate bond market

The creation of an active corporate bond (CB) market is becoming increasingly urgent. Asset Reconstruction Companies (ARCs) need large-scale financing and are asking banks to lend to them. Instead, they should raise funds by issuing bonds. The government’s chief economic adviser, Sanjeev Sanyal, has rightly called on non-bank financial companies (NBFCs) to step up credit […]

Credit score

Your Idiot Roommate Could Ruin Your Credit Score

Ah, the first financial expenses of your first independent living situation. Split bills with your new roommates, deciding on a decent broadband package, contributing to buy the vacuum cleaner. Is there anything sweeter than the first glimmer of responsible adulthood? Then the administrator put you down. Your reprobate roommate spends his entire student loan on […]

Credit score

Why did my credit rating just drop? 6 common reasons

Your three-digit credit score can mean the difference between being approved for a new financial product with solid terms and being stuck with sky-high interest rates — or worse, turned down outright. It can therefore be extremely frustrating to think that you are doing well financially, only to find that your score has dropped. Credit […]

Credit score

What is a credit score?

A credit score is a three-digit number used by lenders to assess your creditworthiness. Credit scores let lenders and creditors know how risky you are as a borrower, indicating your ability to pay your bills on time. This number guides their lending decisions on credit limits, loan terms, and interest rates. How do credit scores […]

Corporate bonds

Corporate Bonds: High Yield Sovereign Paper Could Hit Corporate Bonds

However, the central bank accepted Rs 26,853 crore in three more rounds of long-term papers exceeding the expected auction size. Synopsis An unexplained bias in the yield curve means that short-duration sovereign bonds are generating almost as much as the benchmark 10-year. In such an interest rate environment, project finance company bonds – of longer […]

Corporate bonds

REIT outflows from Indian corporate bonds at a record ₹36,952cr in FY21

Foreign portfolio investors (REITs) largely shunned Indian corporate bonds in FY21. Amid risk aversion to NBFC debt instruments and a search for fixed income benchmark, the use of REITs in Indian corporate debt more than halved to 23.14% in March 2021, from 54.49% for the same period last year. “The cost of hedging INR in […]

Corporate bonds

Sebi to create fund to buy bonds of stressed companies (FM Sitharaman)

The Securities and Exchange Board of India will establish a Corporate Debt Market Development Fund (CDMDF) to provide liquidity to mutual funds and other institutional investors participating in the corporate bond market, has said Finance Minister Nirmala Sitharaman. As the financial sector evolves from a bank-dominated system to a market-oriented one, supporting financial markets has […]

Corporate bonds

Demand for corporate bonds pushes inflation-adjusted yields to zero

The average yield on investment-grade U.S. corporate bonds is now below a key measure of investors’ inflation expectations, a first that shows how much demand for fixed-income assets is reducing their potential returns. On Friday, the expected annual inflation rate over the next decade – derived from the difference in yield between nominal and inflation-adjusted […]

Corporate bonds

Corporate Bonds: How Long Can Low Spreads Between G-Sec and Corporate Bonds Last?

Indian bond yields tightened last month as the RBI refrained from cutting policy rates amid rising CPI inflation. Even though it was on the expected lines, the markets were disappointed as they have some expectations, such as an increase in the held-to-maturity (HTM) limits for banks, the timing of open market operations (OMO) and Operation […]

Corporate bonds

Corporate bonds stand out in the second quarter

Editor’s note: Read the latest news on how the coronavirus is rocking the markets and what investors can do to navigate it. The combination of tightening credit spreads and falling interest rates led to an admirable performance across the fixed income sector in the second quarter. The Morningstar US Core Bond Index (our broadest measure […]

Corporate bonds

The Historic Corporate Bond Rally (NYSEARCA:LQD)

Most investors are aware of the historic nature of the stock market rally. Since the March 23 lows, the S&P 500 (SPY) has rebounded nearly 40%. Such large gains over such a short period of time have not been seen since the Great Depression. A stunning recovery is also underway in investment grade corporate bonds, […]

Corporate bonds

Corporate bonds: corporate bond issues more than doubled in April-May

Mumbai: Lockdown seems to have opened the floodgates for corporate bond issues in India. The first two months of FY21 were the best in decades, with companies raising Rs 1.63 lakh crore – more than double the same period last year and nearly four times from April to May during of FY19 – as rates […]

Corporate bonds

The Fed makes history by buying $750 billion in corporate bonds

The Federal Reserve is buying corporate bonds for the first time in an effort to curb the economic fallout from the coronavirus. The central bank will start buying $750 billion in corporate bonds on Tuesday with its secondary market corporate credit facility. The program will prioritize ETFs with higher quality debt and some high yield […]

Corporate bonds

The Short and the Long of the Fed’s Corporate Bond Buying

By increasing liquidity and improving the functionality of corporate bond markets, the US Federal Reserve’s (Fed) new programs have been good news in the near term. Still, a number of unknowns remain regarding the rollout of these programs, and we anticipate potentially difficult impacts for the most indebted companies over the longer term. The Fed’s […]

Corporate bonds

VCLT: Long-term corporate bonds offer the worst of both worlds (NASDAQ: VCLT)

A preponderance of data suggests the economy is headed for one of two outcomes; Either economic growth will slow down and turn into a recession, or it will come back and fan the small but growing fire of inflation. With extremely low corporate bond spreads, the first outcome would likely cause spreads to widen significantly […]

Corporate bonds

Investing: the growing risk of corporate bonds

Hungry and desperate bond bears, hungry for what they see as a long-awaited feast and exasperated by another rally in long-term Treasuries, have recently sniffed out an unknown target: US corporate bonds. Bond yield charts confirm a dismal year for high quality corporate debt. The market slice rated BBB by Standard & Poor’s tracked junk, […]

Corporate bonds

The growing risk of corporate bonds

Hungry and desperate bond bears, hungry for what they see as a long-awaited feast and exasperated by another rally in long-term Treasuries, have recently sniffed out an unknown target: US corporate bonds. Bond yield charts confirm a dismal year for high quality corporate debt. The slice of the market rated BBB by Standard & Poor’s, […]

Corporate bonds

How it got riskier to own high-quality corporate bonds

“It’s actually quite smart that they issued a lot of long-term debt at very low interest rates,” Pierson said. “I’m not saying they’re completely immune to rising interest rates, but it’s been good financial management.” The other notable change in investment grade corporate bonds is a deterioration in overall quality. In 2007, 27% of the […]

Corporate bonds

Why You Should Be Optimistic About Corporate Bonds | Obligations

The $1.5 trillion Tax Cuts and Jobs Act of 2017 is expected to bolster corporate earnings, making corporate bonds attractive additions to a balanced portfolio, but there just so happens to be some d other reasons to be optimistic – and cautious – about these investments. Lower corporate tax rates immediately increase cash flow, which […]