Equities and Credit Downplay Subpar Backdrop (Capital Markets Research) - Moody's Capital Markets Research

Equities and Credit Downplay Subpar Backdrop (Capital Markets Research)

Equities and Credit Downplay Subpar Backdrop (Capital Markets Research) - Moody's Capital Markets Research
Equities and Credit Downplay Subpar Backdrop (Capital Markets Research)
Published Oct 13, 2016
25 pages — Published Oct 13, 2016
Price US$ 750.00  |  Buy this Report Now

About This Report

  
Abstract:

WEEKLY MARKET OUTLOOKOCTOBER 13, 2016CAPITAL MARKETS RESEARCHEquities and Credit Downplay Subpar BackdropCredit Markets Review and Outlook by John Lonski Equities and Credit Downplay Subpar Backdrop. ¯ FULL STORY PAGE 2The Long View Check our chart here for forecast summaries of key credit market metrics. Full updated stories, The failure of Q4-2016s high-yield bond issuance to top Q4-2015s suppressed volume would signal diminished liquidity, begin on page 13.¯ FULL STORY PAGE 13Ratings Round-Up by Njundu Sanneh The Rating Upgrade Ratio Holds Firm.¯ FULL STORY PAGE 17Market Data Credit spreads, CDS movers, issuance.¯ FULL STORY PAGE 19Moodys Capital Markets Research recent publications Links to commentaries on: BP plc, UK, Allstate, ratings, OPEC, Fed, leverage, Greece, worries, ECB, defaults, EDFs, Swiber, defaults, Mexico, stability, retail, Portugal, overvalued, Pakistan. ¯ FULL STORY PAGE 23Credit SpreadsInvestment Grade: Year-end 2016 spread to be close to its recent 138 bp. High Yield: After recent spread of 494 bp, it may approximate 575 bp by year-end 2016. Defaults US HY default rate: after September 2016s 5.4%,Moodys Credit Policy Group forecasts it near 4.2% by the summer of 2017. Issuance For 2016, US$-denominated IG bond issuance may increase by 10.4% to a record $1.464 trillion, while US$-priced high-yield bond issuance may sink by -8.3% to $324 billion.Click here for Moodys Credit Outlook, our sister publication containing Moodys rating agency analysis of recent news events, summaries of recent rating changes, and summaries of recent research.Moodys Capital Markets Research, Inc.Weekly Market Outlook Contributors: David W. Munves, CFA 1.212.553.2844 david.munves@moodys.com John Lonski 1.212.553.7144 john.lonski@moodys.com Ben Garber 1.212.553.4732 benjamin.garber@moodys.com Njundu Sanneh 1.212.553.4036 njundu.sanneh@moodys.com Yukyung Choi 1.212.553.0906 yukyung.choi@moodys.com Irina Baron 1.212.553.4307 irina.baron@moodys.com Franklin Kim 1.212.553.4419 franklin.kim@moodys.com Xian (Peter) Li1.212.553.1404 Xian.li@moodys.comMoody's Analytics/Europe: Tomas Holinka +420 ( 221) 666-384 Tomas.holinka@moodys.comMoody's Analytics/Asia-Pacific: Jack Chambers +61 (2) 9270-8118 Jack.Chambers@moodys.com Faraz Syed +61 (2) 9270-8146 Faraz.syed@moodys.com Emily Dabbs +61 (2) 9270-8159 Emily.Dabbs@moodys.comEditor Dana Gordon 1.212.553.0398 dana.gordon@moodys.comMoodys Analytics markets and distributes all Moodys Capital Markets Research, Inc. materials. Moodys Capital Markets Research, Inc is a subsidiary of Moodys Corporation. Moodys Analytics does not provide investment advisory services or products. For further detail, please see the last page.CAPITAL MARKETS RESEARCHCredit Markets Review and OutlookCredit Markets Review and Outlook By John Lonski, Chief Economist, M...

  
Source:
Document ID
PBC_192691
Report Type
Market Outlook
Format:
PDF Adobe Acrobat
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Sections

TitleStarting PageNumber of Pages
The Long View11
Ratings Round-Up by Njundu Sanneh11
The Rating Upgrade Ratio Holds Firm.11
Market Data11
Moody s Capital Markets Research recent publications11
Weekly Market Outlook Contributors:11
Credit Markets Review and Outlook23
  Consensus Slashes Forecasts of GDP and Profits Over Past 12 Months21
  Diminished Outlook for Housing Implies Limited Upside for Treasury Yields21
  Personal Savings Outrun Consumer Spending by a Wide Margin31
  Consumer Spending May Be Past Its Cycle Prime31
  Jobless Rate Gives Direction to the Default Rate32
The Week Ahead US, Europe, Asia-Pacific58
  THE US51
    Friday, October 1451
  Retail Sales September51
  Producer Price Index September51
  Business Inventories August51
  University of Michigan Consumer Sentiment October Preliminary51
    Monday, October 1751
  Industrial Production &Capacity Utilization September51
    Tuesday, October 1861
  Consumer Price Index September61
  NAHB Housing Market Index October61
    Wednesday, October 1961
  Housing Starts &Building Permits September61
    Thursday, October 2061
  Existing Home Sales September61
  Leading Indicators Index September61
  EUROPE71
    Friday, October 771
  France: Industrial Production (August; 8:00 a.m. BST)71
  Germany: Industrial Production (August; 9:00 a.m. BST)71
  U.K.: Halifax Housing Price Index (September; 9:30 a.m. BST)81
  U.K.: Industrial Production (August; 9:30 a.m. BST)81
    Monday, October 1081
  Italy: Industrial Production (August; 9:00 a.m. BST)81
    Tuesday, October 1181
    Wednesday, October 1281
  France: Consumer Price Index (September; 7:45 a.m. BST)81
  Euro Zone: Industrial Production (August; 10:00 a.m. BST)81
    Thursday, Wednesday, October 1391
  Germany: Consumer Price Index (September; 7:10 a.m. BST)91
    Friday, Wednesday, October 1291
  Euro Zone: External Trade (August; 10:00 a.m. BST)91
  Asia-Pacific91
    Friday, October 14101
  China Foreign Direct Investment September101
  Singapore GDP - Advanced 2016Q3101
  China Consumer Price Index September101
  China Producer Price Index September101
  India Wholesale Price Index September101
    Monday, October 17101
  India Foreign Trade September101
  Singapore Foreign Trade September101
  Indonesia Foreign Trade September111
    Tuesday, October 18111
  New Zealand Consumer Price Index 2016Q3111
    Wednesday, October 19111
  China Fixed Asset Investment September111
  China GDP 2016Q3111
  China Industrial Production September111
  China Retail Sales September111
    Thursday, October 20121
  Australia Employment Situation September121
  Indonesia Monetary Policy October121
    Friday, October 21121
The Long View134
  Credit spreads131
  Defaults131
  Through the first 41 weeks of 2016, US$-denominated corporate bond issuance showed year-over-year percent changes of a 8.4% increase for investment-grade and a -8.6% drop for high-yield. US economic outlook141
  EUROPE141
  Eurozone141
    Asia Pacific152
Ratings Round-Up171
Ratings Round-Up171
Ratings Round-Up181
Market Data194
Moody s Capital Markets Research recent publications233

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Cite this Report

  
MLA:
Moody's Capital Markets Research. "Equities and Credit Downplay Subpar Backdrop (Capital Markets Research)" Oct 13, 2016. Alacra Store. May 04, 2025. <http://www.alacrastore.com/storecontent/Moody-s-Capital-Markets-Research/Equities-and-Credit-Downplay-Subpar-Backdrop-Capital-Markets-Research-2141-3158>
  
APA:
Moody's Capital Markets Research. (2016). Equities and Credit Downplay Subpar Backdrop (Capital Markets Research) Oct 13, 2016. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/storecontent/Moody-s-Capital-Markets-Research/Equities-and-Credit-Downplay-Subpar-Backdrop-Capital-Markets-Research-2141-3158>
  
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