They aggregate these bond-level credit spreads
to obtain indexes of credit risk for both banks and non-financial corporations in Germany, France, Italy, and Spain, as well as for the entire euro area.
The equity market correction that has been underway since October 17 has not been corroborated by widening of credit spreads
However, Fitch considers a prolonged period of wide credit spreads
could exert pressure on Mapfre's strong capital adequacy as the Spanish sovereign debt keeps trading at high credit spreads
against German bonds.
Taipei, March 24, 2010 (CENS) -- Credit spreads
in Taiwan's bond market are likely to stabilize in the first half of 2010, as the local economy continues to recover.
5 billion due to the significant improvement in Morgan Stanley's credit spreads
on certain of its long-term debt (debt-related credit spreads
), while the prior year included positive revenue of $5.
Compared to the huge body of theoretical literature, empirical studies on credit spreads
Consequently, credit spreads
on collateralized bonds understate the issuer's true default-risk premium.
The combination of historically elevated commodity prices and a robust global economy is great for a lot of these countries, so in that environment, credit spreads
Low interest rates and high levels of liquidity have been one of the driving forces for this global boom, pushing up commodities and stock prices and reducing credit spreads
Short credit is playing a key role in endowment strategy, say managers, because credit spreads
are much too narrow and they're likely to widen.
Because the period of rock bottom created such competition in the capital markets, the 10-year Treasury, which has long been considered the workhorse of real estate finance especially in times of rising short-term rates, has been increasingly replaced as of late with the 5-year Treasury bond, whose credit spreads
have compressed markedly.
The second is the increase of arbitrage transactions stimulated by the expansion of credit spreads
of comparatively low-rated Japanese companies during the latter part of 2001 and during the early part of 2002.