Bloomberg
BlackRock to Sell Failed Banks' Securities for FDIC
BlackRock Inc. will begin selling failed banks' securities to help the Federal Deposit Insurance Corp. offload $114 billion of assets it picked up from Silicon Valley Bank and Signature Bank. Meanwhile, Wells Fargo & Co. became the first...
Bloomberg
Fed Won't Cut Rates Until Q1 Next Year, BNP's Tse Says
Calvin Tse, BNP Paribas head of Americas macro strategy, expects a "quite significant steepening" in the shape of the US yield curve driven by a rally in the front end. He speaks during an interview with Jonathan Ferro on "Bloomberg The...
Bloomberg
HSBC's Major: Difficult to See UST 10Y Yield at 4% Again
Steven Major, global head of fixed income research at HSBC, says 10-year US Treasury yields in the 3.56%-3.75% range are a "good entry level" for bond investors. "I think it's very difficult to imagine us getting back to 4% on the...
Bloomberg
Recession Is on the Way, Longview's Watling Says
Longview Economics Chief Market Strategist Chris Watling says an imminent recession needs to be priced into markets on "Bloomberg Markets: European Close."
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Bloomberg
Milken Doesn't See Deeper Troubles in Financial System
"It's interest-rate losses, it's not credit losses, that are rolling through." Michael Milken, founder of the Milken Institute, shares his views on the banking crisis and the bond market. He speaks with Haslinda Amin on "Bloomberg...
Bloomberg
Debt for Nature Swaps
Debt-for-nature swaps have been around since the 1980's. With the Climate Crisis getting worse - non-profits and Wall Street are teaming up to use the complex financial instrument to refinance the sovereign debt of developing nations and...
Bloomberg
Norway's Sovereign Wealth Fund Returns 5.9% in Quarter
Norway Sovereign Wealth Fund Deputy CEO Trond Grande discusses the fund's returns of $84 billion in the first quarter on "Bloomberg Surveillance Early Edition."
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Bloomberg
Bank Crisis to Cause Systemic 'Ripples': Morgan Stanley
Morgan Stanley Wealth Management CIO Lisa Shalett comments on what a credit contraction might mean for the US economy during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
StanChart WM: Fed to Cut Rates by Total of 50 Bps in Late 3Q, Early 4Q
Standard Chartered Wealth Management Senior Investment Strategist Abhilash Narayan expects the Fed to cut rates by a total of 50 basis points in late third-quarter or early fourth-quarter. He speaks with Bloomberg's Haslinda Amin and...
Bloomberg
Apollo to Hire India Credit Chief
Private equity giant Apollo Global Management Inc. is recruiting a leader for its credit team in India on expectations its debt market will grow as companies look for new funding avenues. Menaka Doshi and Preeti Singh report on Bloomberg...
Bloomberg
Corporate Bonds Being Cut to Junk at Fastest Pace Since 2020
Ratings firms are on track to cut the most US corporate bonds to junk since the early part of the pandemic, further boosting funding costs for some companies just as economic growth is slowing. Haidi Stroud-Watts and Shery Ahn discuss...
Bloomberg
Investors Need to Take Caution in Positioning: Ng
"We are going through a period of a fair amount of uncertainty," says Kheng Siang Ng, APAC head of fixed income at State Street Global Advisors. Because of that, he says, "investors need to take a fair bit of caution in positioning." He...
Bloomberg
States Well-Positioned for Recession, Fitch's Kim Says
"States generally are in a solid position to deal with the downturn we expect to come," Eric Kim, Fitch Ratings senior director and head of state government ratings, says on "Bloomberg Markets: The Close."
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Bloomberg
Asia, Emerging Markets Likely to Outperform, NF Trinity CIO Says
Helen Zhu, managing director and chief investment office at NF Trinity, shares her views on bonds, stocks and Federal Reserve policy. She speaks on "Bloomberg Markets: Asia" with Rishaad Salamat, Yvonne Man and David Ingles.
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Bloomberg
JPM's Barry Expects Lower Yields, No Imminent Recession
Jay Barry, JPMorgan co-head of rates strategy, says the Federal Reserve will hike one more time then stay on hold until next year during an interview with Romaine Bostick on "Bloomberg Markets: The Close."
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Bloomberg
More Pain Ahead for Bank Stocks: Morgan Stanley's Skelly
Daniel Skelly, Morgan Stanley's head of wealth management, market research and strategy, says he's "relatively cautious" on banks during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
Credit Suisse AT1 Holder Losses Total $1 Billion in Japan
"Japan FSA is following up on how brokerages sold AT1 bonds," says Tomoko Amaya, vice minister for international affairs at Japan Financial Services Agency. The firm is investigating the loss of about $1 billion to Japanese investors...
Bloomberg
PGIM's Tipp: Buy Treasuries If US Debt Crisis Gets Messy
Robert Tipp, chief investment strategist at PGIM Fixed Income, says the lack of a resolution to the debt ceiling debate would be "risk-off" event for markets, suggesting investors buy US Treasuries over the short-term. He speaks on...
Bloomberg
Stocks to Be Range-Bound as Recession Looms: Seema Shah
Principal Asset Management Chief Global Strategist Seema Shah says a recession is on the way but it is not imminent during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
Federal Reserve Officials Want to Keep the Optionality, JPMorgan Says
Iain Stealey, international chief investment officer for global fixed income, currency and commodities at JPMorgan Asset Management, discusses policies of the Federal Reserve, the European Central Bank, the Bank of England and the...
Bloomberg
How the Flight Into Money Markets Is Impacting Munis
James Camp, Eagle Asset Management managing director of strategic income, discusses how the flight of cash into money markets has affected the municipal bond market with Romaine Bostick and Scarlet Fu on "Bloomberg Markets: The...
Bloomberg
UBS's Qiao Sees 'Excessive Optimism' in Stocks
Xi Qiao, UBS Global Wealth Management financial adviser, says there are still a lot of risks facing US stocks during an interview on "Bloomberg Markets: The Close."
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Bloomberg
Wanda in Talks With Banks on Loan Relief Amid Challenges
Wanda Properties Global Co.'s dollar bonds fell to record lows Tuesday. Its parent Dalian Wanda Group Co. is in talks with major Chinese banks on a loan relief plan that may allow it to extend principal repayments for some onshore...
Bloomberg
Investment Grade Is a Sweet Spot for Markets: Slim
"Investment grade is a sweet spot for markets this year." Omar Slim, senior portfolio manager for Asia fixed income at PineBridge Investments, discusses the US yield curve, his investment strategy and where he's finding opportunity. He...