Until now, mutual funds could only buy and only to protect themselves against credit risk
RBI on Monday added a few more investors friendly measures to revive the corporate debt market in India. The central bank allowed three more instruments including CPs, CDs and NCDs of less than one year; to qualify as collateral for undertaking repo auction route in corporate debt market.
JPMorgan Chase & Co's disastrous bets on corporate debt may have caused unexpected collateral damage: erratic behavior in a barometer that measures the financial health of blue-chip US companies.
Richard Harris, (Chief Executive, Port Shelter Investment Management) spoke to CNBC-TV18 about what is the way forward for markets after Greece was declared a default by the Swap Dealers Association.
Kit Juckes, global head of foreign exchange strategy, Societe Generale, stated that he did not expect a big correction in the European yields. He highlighted the sense of uncertainty in the market, but assured that the crisis in Greece would not spread to the rest of Europe
Does Greece's recent debt restructuring constitute a default? The widely-watched decision on Thursday was no-or at least not yet.
A restructuring of Greece's colossal debt is widely expected to trigger insurance payouts and investment banks and hedge funds are working out who will be the winners and losers.
Hedge funds are taking on the powerful International Monetary Fund over its plan to slash Greece's towering debt burden as time runs out on the talks that could sway the future of Europe's single currency.
CRISIL Ratings has come out with its report on Credit Default Swaps (CDS). As per the rating agency, investors can buy CDS protection against potential credit losses, they will be more open to invest in instruments rated lower than ‘AA’ category, which is critical for the growth of India’s bond markets.
CRISIL Ratings has come out with its report on Credit Default Swaps (CDS). As per the rating agency, investors can buy CDS protection against potential credit losses, they will be more open to invest in instruments rated lower than ‘AA’ category, which is critical for the growth of India’s bond markets.
In an interview with CNBC-TV18, Tim Condon of ING Financial Markets talks about the global economic outlook on the back of negative news stemming from the eurozone and the US.
Moody’s downgrade of SBI has delivered a blow to the Indian economy and its banking sector. According to Anant Narayan of Standard Chartered Bank, this move has increased the risk of FII outlfows from India which will further hurt India Inc.
"Germany is like an insurance company that doesn’t want to pay after an accident," said Robert Johnson, ED, Institute for New Economic Thinking. When Germany joined Europe they were supportive of Europe but now are trying to get off the hook, he added.
Speaking to CNBC-TV18, Ajay Mahajan, MD and Head Financial Markets of UBS said CDS will lead to development of the domestic corporate bond market.
The Reserve Bank of India on Wednesday released draft guidelines on the introduction of credit default swaps (CDS) for corporate bonds.
In an interview to CNBC-TV18, Jim Walker, MD of Asianomics said that Europe is a bigger problem than China and US. “Europe is going to see political turmoil,” he explained.