Tag Archives: pensions

cliff dive

3 month Euribor goes negative for first time!

We live in interesting times. The ECB funding rate, Euribor, for 3 month terms has gone below zero % for the first time….

April 21st, 2015 by

Financials

Comments: 0

28 ΚΛΑΣΙΚΟΣ ΜΑΡΑΘΩΝΙΟΣ  ΡΑΙΜΟΝ ΜΠΕΤ RAYMOMD BETT

Banks: Watching a bank run in Greece…..

We have previously written about keeping a firm eye on deposit flows in the Greek banking system. With election results only a few days, the implosion of bank share prices is not encouraging…

January 28th, 2015 by

Financials

Comments: 0

t-rex

UK Dividend Funds: Commodity funds in disguise….

Oh boy, the indexation dinosaur is about to strike again. Of course, active equity fund managers will be criticised for lacklustre performance in 2014 but do not assume passive tracking of the UK market is without risk.

January 14th, 2015 by

Funds

Comments: 0

broker angst

Not just US energy debt causing angst in high yield markets…

The fall-out from the oil shock drop has quickly attracted commentary as to potential contagion in the US debt markets and its approximate $200 billion of high yield bonds. But contagion does not respect country borders….

January 14th, 2015 by

Debt

Comments: 0

construction pain

Balfour Beatty beaten up….

Oh boy….. Balfour Beatty shareholders are bleeding today. Just the 20% share price collapse but could investors have spotted a problem?

May 6th, 2014 by

Income

Comments: 0

china wall

A little China debt reminder….

Hearing a few corporate bond issues being pulled in China. No doubt related to a default today in a relatively small Chaori Solar bond. Our bigger worry is the wave of maturing trust/debt products due in the summer.

March 7th, 2014 by

Debt

Comments: 0

crowds

Market bounce back from Ukraine is the new paradigm?

The S&P hitting new highs in the week Russia annexes Crimea does astonish this writer. Josh Brown at the Reformed Broker has had a viral hit on his post “The Relentless Bid, Explained” and it is a must read.

March 7th, 2014 by

Editorial

Comments: 0

gulliver

UK Dividend Stocks: BP shrinking but performing nicely!

Our views on the oil sector’s poor returns on spend are well known and we have called for capital discipline much like the mining sector has committed to. The poster child so far among the oil majors might be BP.

February 25th, 2014 by

Income

Comments: 0

good news

More good news….pension deficits!

Aer Lingus may have its problems negotiating its €700m pension deficit with its work force but for many corporate pension funds rising markets and higher longer term interest rates are working their magic!

February 18th, 2014 by

Value

Comments: 0

china shadow banking

More China trust issues in the shadows….

We have written before about tensions in the massive Chinese shadow banking system. Higher interest rates are exposing (de)fault lines in the $1.8 trillion trust product space.

February 14th, 2014 by

Funds

Comments: 0