admin, Author at BREAKWATER ADVISORY

01 Aug 2016 ‘Lack of Downside Become the New Upside’

Posted at 12:13h

Investor Strategy News - Investors have a tendency to run from the last crisis towards the next one, just as regulators, like generals, fight the last war. What investors are running from is the bubble of securitisation, which burst in 2008, to corporate credit. Are they creating the next bubble?

30 Jul 2016 Voya Senior Loan Group – ‘Talking Points’ Weekly Update

Posted at 16:18h

Riding the Wave - Robust activity drove the U.S. loan market last week, and issuers expectedly sought to capitalise on these market dynamics with a slate of opportunistic deals. The index gained 0.13%, with the average bid for loans increasing three bps to 94.06.

28 Jul 2016 Judging liquidity like ‘trying to hug clouds’

Posted at 16:27h

Investment Magazine - Speaking at the Conexus Financial Fixed Income, Cash and Currency Forum, Voya Investment Management's Matt Toms said there is concern regarding the volume of debt. “US debt markets are outpacing US real GDP, there is too much debt to move through the pipes".

22 Jul 2016 Fixed Income Perspectives – ‘Britain’s Exit, On and Off the Pitch’

Posted at 12:00h

While Europe likely cheered England's exit from the Euro Cup, there was little celebration when the British voted to exit the European Union. While Britain's actions will have minimal direct spillover to the U.S. economy, we believe a Fed rate hike is off the table for 2016.

09 Jul 2016 Voya Senior Loan Group – ‘Talking Points’ Weekly Update (incl. June in Review)

Posted at 12:34h

Quiet But Constructive - An auspicious “Brexit exit” (thus far, at least) and a continued lull in the forward pipeline combined for a strong but subdued holiday week for the U.S. loan market.

02 Jul 2016 Fixed Income Perspectives – ‘Summertime Blues’

Posted at 16:36h

It's hard to believe the United States will avoid a downturn this year, and we don't see any catalysts for economic growth outside the U.S. We expect U.S. yields to fall further and the yield curve to flatten.

25 Jun 2016 Britain Will Leave the European Union: Now What?

Posted at 07:12h

The vote is done, and Britain will leave the European Union. As the disruptions and unwinding begin, Voya Investment Management offers its views – from the perspectives of its four investing platforms – on how the aftermath of the Brexit vote is likely to shape financial markets going forward.

04 Jun 2016 Voya Senior Loan Group – ‘Talking Points’ Weekly Update (incl. May in Review)

Posted at 11:32h

Gearing Up for Summer - The short post-Memorial Day week experienced tightened pricing for a series of successful new issue transactions due to high demand stemming from strong technicals and a continued light forward calendar.

01 Jun 2016 Fixed Income Perspectives – ‘What Does a Yellow Light Mean?’

Posted at 11:19h

A combination of dovish Fed rhetoric and Chinese monetary expansion have pushed asset prices higher in recent months. An unwind of the latter is the biggest risk to the rally.

28 May 2016 Voya Senior Loan Group – ‘Talking Points’ Weekly Update

Posted at 15:27h

Riding the Technicals - Looking to take advantage of robust technicals, investors sought out a series of large cap primary deals ahead of an expected slowing of the forward pipeline in what was a good week for the asset class. The index gained a solid 0.35%, while average bids increased by 22 bps, to 93.34.

Author: admin