Fed's Diminished Expectations Warn Credit (Capital Markets Research) - Moody's Capital Markets Research

Fed's Diminished Expectations Warn Credit (Capital Markets Research)

Fed's Diminished Expectations Warn Credit (Capital Markets Research) - Moody's Capital Markets Research
Fed's Diminished Expectations Warn Credit (Capital Markets Research)
Published Sep 29, 2016
29 pages — Published Sep 29, 2016
Price US$ 750.00  |  Buy this Report Now

About This Report

  
Abstract:

WEEKLY MARKET OUTLOOKSEPTEMBER 29, 2016CAPITAL MARKETS RESEARCHMoodys 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.Feds Diminished Expectations Warn Credit Credit Markets Review and Outlook by John Lonski Feds Diminished Expectations Warn Credit.¯ FULL STORY PAGE 2Topic of the Week by Ben Garber Negative Credit Rating Signals Ease Back.¯ FULL STORY PAGE 5The Week Ahead We preview economic reports and forecasts from the US, UK/Europe, and Asia/Pacific regions. ¯ FULL STORY PAGE 9The Long View Check our chart here for forecast summaries of key credit market metrics. Full updated stories, The US$-priced bond offerings of Q3-2016 probably advanced yearly by 25% for investment grade and 36% for high yield, begin on page 17.¯ FULL STORY PAGE 17Ratings Round-Up by Njundu Sanneh Turkey Aside, Not a Bad Week.¯ FULL STORY PAGE 21Market Data Credit spreads, CDS movers, issuance.¯ FULL STORY PAGE 23Moodys Capital Markets Research recent publications Links to commentaries on: Leverage, Greece, worries, ECB, defaults, EDFs, Swiber, defaults, Mexico, stability, retail, Portugal, overvalued, Pakistan, productivity, gold, Venezuela, economy. ¯ FULL STORY PAGE 27Credit SpreadsInvestment Grade: Year-end 2016 spread to be close to its recent 143 bp. High Yield: After recent spread of 530 bp, it may approximate 605 bp by year-end 2016. Defaults US HY default rate: after August 2016s 5.7%, MoodysCredit Policy Group forecasts it near 4.5% by the summer of 2017. Issuance For 2016, US$-denominated IG bond issuance may increase by 6.7% to a record $1.415 trillion, while US$-priced high-yield bond issuance may sink by -9.3% to $321 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.comEditor Dana Gordon 1.212.553.0398 dana.gor...

  
Source:
Document ID
PBC_192439
Report Type
Market Outlook
Format:
PDF Adobe Acrobat
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Sections

TitleStarting PageNumber of Pages
The Week Ahead11
The Long View11
Ratings Round-Up by Njundu Sanneh11
Turkey Aside, Not a Bad Week.11
Market Data11
Moody s Capital Markets Research recent publications11
Weekly Market Outlook Contributors:11
Credit Markets Review and Outlook23
  Consensus growth outlook implies limited scope for thinner spreads21
  Consumer spending now diverges from FOMC s upbeat view32
Topic of the Week By Ben Garber, Economist, Moody s Capital Markets Research, Inc.54
  Negative sector outlooks have declined51
  Rating review activity remains quiet61
  Commodity sector prospects look to turn the corner62
  Housing recovery has some cracks81
The Week Ahead US, Europe, Asia-Pacific98
  THE US91
    Friday, September 3091
  Personal Income &Spending August91
  University of Michigan Consumer Sentiment September Final91
    Monday, October 391
  Construction Spending August91
  ISM Manufacturing Index September91
  Vehicle Sales September91
    Wednesday, October 591
  Trade Balance August101
  ISM Non-Manufacturing Index September101
  Factory Orders August101
    Friday, October 7101
  Employment Report September101
  EUROPE101
    Thursday, September 29111
  Spain: Retail Sales (August; 8:05 a.m. BST)111
    Friday, September 30111
  France: Household Consumption Survey (August; 7:45 a.m. BST)111
  Germany: Employment Situation (September; 9:00 a.m. BST)111
  Euro Zone: Preliminary CPI (September; 10:00 a.m. BST)121
  Euro Zone: Unemployment (August; 10:00 a.m. BST)121
  Asia-Pacific121
    Friday, September 30131
  South Korea Industrial Production August131
  South Korea Retail Sales August131
  Japan Consumer Price Index August131
  Japan Employment Situation August131
  Japan Household Expenditures Survey August131
  Japan Industrial Production August131
  Japan Housing Starts August131
  Thailand Private Consumption August141
  Thailand Foreign Trade August141
    Sunday, October 2141
  South Korea Foreign Trade September141
    Monday, October 3141
  Japan Tankan Survey 2016Q3141
    Tuesday, October 4141
  Australia Monetary Policy October141
  India Monetary Policy October151
  Japan Consumer Confidence September151
    Wednesday, October 5151
  South Korea Consumer Price Index September151
  Australia Retail Sales August151
  Taiwan Consumer Price Index September151
    Thursday, October 6151
  Australia Foreign Trade August151
    Friday, October 7161
  Malaysia Foreign Trade August161
  Taiwan Foreign Trade September161
The Long View174
  Credit spreads171
  Defaults171
  Through the first 39 weeks of 2016, US$-denominated corporate bond issuance showed year-over-year percent changes of a 8.0% increase for investment-grade and a -12.1% plunge for high-yield. US economic outlook181
  EUROPE181
  Eurozone181
  U.K.191
    Asia Pacific192
Ratings Round-Up211
Ratings Round-Up211
Ratings Round-Up221
Market Data234
Moody s Capital Markets Research recent publications273

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Cite this Report

  
MLA:
Moody's Capital Markets Research. "Fed's Diminished Expectations Warn Credit (Capital Markets Research)" Sep 29, 2016. Alacra Store. May 04, 2025. <http://www.alacrastore.com/storecontent/Moody-s-Capital-Markets-Research/Fed-s-Diminished-Expectations-Warn-Credit-Capital-Markets-Research-2141-3148>
  
APA:
Moody's Capital Markets Research. (2016). Fed's Diminished Expectations Warn Credit (Capital Markets Research) Sep 29, 2016. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/storecontent/Moody-s-Capital-Markets-Research/Fed-s-Diminished-Expectations-Warn-Credit-Capital-Markets-Research-2141-3148>
  
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