Wider spreads are often a harbinger of reduced access to capital, rising unemployment and declining corporate capital expenditures. … READ MORE >
credit spreads
CHART OF THE DAY: Junk bonds are the canary in the coal mine
The surge in coronavirus infections, which is causing renewed concerns about economic growth, is likely exerting an indirect effect on the bond market, increasing the yield on low-rated/high-yield corporate bonds relative to the guaranteed yield of U.S. Treasury bonds. … READ MORE >
As businesses contend with coronavirus, liquidity becomes a top concern
Financial institutions should assess all options of their short- and moderate-term liquidity. By understanding the liquidity needs of customers, financial institutions will be able to plan for the increased borrowing demand while mitigating the impact on their own financial statements. … READ MORE >
The coronavirus impact on the financial services sector
The disruption has led senior leaders at financial services firms to ask some basic questions, from how do we keep our employees safe, to what does our near-term financial health look like, to what if this crisis continues over the long-term. … READ MORE >