Liquidity Buoys Credit (Capital Markets Research) - Moody's Capital Markets Research

Liquidity Buoys Credit (Capital Markets Research)

Liquidity Buoys Credit (Capital Markets Research) - Moody's Capital Markets Research
Liquidity Buoys Credit (Capital Markets Research)
Published Oct 06, 2016
28 pages — Published Oct 06, 2016
Price US$ 750.00  |  Buy this Report Now

About This Report

  
Abstract:

WEEKLY MARKET OUTLOOKOCTOBER 6, 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.Liquidity Buoys Credit Credit Markets Review and Outlook by John Lonski Liquidity Buoys Credit. ¯ FULL STORY PAGE 2Topic of the Week by Ben Garber Conflicting Risks Mount for Treasuries and Corporates. ¯ FULL STORY PAGE 6The 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 $45 billion of US$ high-yield bonds issued in September 2016 was the most of any September since 2014s $57 billion, begin on page 16.¯ FULL STORY PAGE 16Ratings Round-Up by Njundu Sanneh US Looking Up, Europe Looking Down.¯ FULL STORY PAGE 20Market Data Credit spreads, CDS movers, issuance.¯ FULL STORY PAGE 22Moodys Capital Markets Research recent publications Links to commentaries on: Allstate, ratings, OPEC, Fed, leverage, Greece, worries, ECB, defaults, EDFs, Swiber, defaults, Mexico, stability, retail, Portugal, overvalued, Pakistan. ¯ FULL STORY PAGE 26Credit SpreadsInvestment Grade: Year-end 2016 spread to be close to its recent 142 bp. High Yield: After recent spread of 497 bp, it may approximate 575 bp by year-end 2016. Defaults US HY default rate: after August 2016s 5.7%, MoodysCredit Policy Group forecasts it near 4.5% by the summer of 2017. Issuance For 2016, US$-denominated IG bond issuance may increase by 8.2% to a record $1.436 trillion, while US$-priced high-yield bond issuance may sink by -8.1% to $325 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: Alaistair Chan +61 (2) 9270-8148 Alaistair.Chan@moodys.com Faraz Syed +61 (2) 9270-8146 Faraz.syed@moodys.comEditor Dana Gordon 1.212.553.0398 dana.gordon@moodys.comCAPITA...

  
Source:
Document ID
PBC_192552
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
US Looking Up, Europe Looking Down.11
Market Data11
Moody s Capital Markets Research recent publications11
Weekly Market Outlook Contributors:11
Credit Markets Review and Outlook24
  Stable credit quality ultimately requires profits growth21
  High-yield downgrades post first yearly drop since Q4-201431
  Higher industrial commodity prices steady credit41
  M&A figures in more high-yield upgrades than downgrades41
  High-yield s equity infusion upgrades top shareholder compensation downgrades51
Topic of the Week By Ben Garber, Economist, Moody s Capital Markets Research, Inc.63
  Big credit market gains warn of reversals61
  Inflation expectations rise but remain muted71
  Leverage trends challenge US corporate debt71
  European banks are a global risk factor81
The Week Ahead US, Europe, Asia-Pacific97
  THE US91
    Friday, October 791
  Employment Report September91
    Wednesday, October 1291
  FOMC Meeting Minutes91
    Thursday, October 1391
  Import Price Index September91
    Friday, October 1491
  Retail Sales September91
  Producer Price Index September91
  Business Inventories August101
  University of Michigan Consumer Sentiment October Preliminary101
  EUROPE101
    Friday, October 7111
  France: Industrial Production (August; 8:00 a.m. BST)111
  Germany: Industrial Production (August; 9:00 a.m. BST)111
  U.K.: Halifax Housing Price Index (September; 9:30 a.m. BST)111
  U.K.: Industrial Production (August; 9:30 a.m. BST)111
  Asia-Pacific121
    Friday, October 7121
  Malaysia Foreign Trade August121
  Taiwan Foreign Trade September121
    Monday, October 10121
    Tuesday, October 11121
  Australia Housing Finance August121
    Wednesday, October 12131
  South Korea Employment September131
  Japan Machinery Orders August131
  Malaysia Industrial Production August131
    Thursday, October 13131
  China Foreign Trade September131
  South Korea Monetary Policy October131
  Japan Industry Activity Indexes August141
  India Industrial Production August141
  India Consumer Price Index September141
    Friday, October 14141
  China Foreign Direct Investment September141
  Singapore GDP - Advanced 2016Q3141
  China Consumer Price Index September141
  China Producer Price Index September141
  India Wholesale Price Index September151
The Long View164
  Credit spreads161
  Defaults161
  Through the first 40 weeks of 2016, US$-denominated corporate bond issuance showed year-over-year percent changes of a 8.6% increase for investment-grade and a -9.8% drop for high-yield. US economic outlook171
  EUROPE171
  Eurozone171
    Asia Pacific182
Ratings Round-Up201
Ratings Round-Up201
Ratings Round-Up211
Market Data224
Moody s Capital Markets Research recent publications263

Table Of Contents

Moody's Capital Markets Research—Moody's Analytics offers research, unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management.

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Cite this Report

  
MLA:
Moody's Capital Markets Research. "Liquidity Buoys Credit (Capital Markets Research)" Oct 06, 2016. Alacra Store. May 04, 2025. <http://www.alacrastore.com/storecontent/Moody-s-Capital-Markets-Research/Liquidity-Buoys-Credit-Capital-Markets-Research-2141-3154>
  
APA:
Moody's Capital Markets Research. (2016). Liquidity Buoys Credit (Capital Markets Research) Oct 06, 2016. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/storecontent/Moody-s-Capital-Markets-Research/Liquidity-Buoys-Credit-Capital-Markets-Research-2141-3154>
  
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