Sections
| Title | Starting Page | Number of Pages |
|---|
| The Week Ahead | 1 | 1 |
| The Long View | 1 | 1 |
| Ratings Round-Up by Njundu Sanneh | 1 | 1 |
| US Mostly Cloudy, Europe Partly Sunny. | 1 | 1 |
| Market Data | 1 | 1 |
| Moody s Capital Markets Research recent publications | 1 | 1 |
| Weekly Market Outlook Contributors: | 1 | 1 |
| Credit Markets Review and Outlook | 2 | 3 |
| Downgrades jump relative to Q4-2016 rating changes | 2 | 1 |
| Spreads may widen unless net downgrades subside | 3 | 1 |
| Equity strength enhances credit quality | 3 | 1 |
| Credit quality worsened amid huge equity rally of 1998-2000 | 4 | 1 |
| Topic of the Week By Ben Garber, Economist, Moody s Capital Markets Research, Inc. | 5 | 3 |
| Rate jump hurts long-duration debt | 5 | 1 |
| High yield credit caps a notably strong year | 5 | 2 |
| Inflation expectations are on the rise | 7 | 1 |
| The Week Ahead US, Europe, Asia-Pacific | 8 | 6 |
| THE US | 8 | 1 |
| Friday, January 6 | 8 | 1 |
| Employment Report December | 8 | 1 |
| Time: 8:30 am | 8 | 1 |
| Forecast: 180,000 nonfarm payrolls, 4.7% unemployment rate | 8 | 1 |
| Nonfarm payrolls look to expand at a sturdy pace again in November, keeping the annual rate of job growth in excess of 2 million for over three years. Despite the long-term upturn in job growth, there is still some evidence of slack in the labor forc... | 8 | 1 |
| Trade Balance November | 8 | 1 |
| Time: 8:30 am | 8 | 1 |
| Forecast: -$44.7 billion | 8 | 1 |
| The US trade deficit is likely to increase in November as the advance report on trade in goods showed a net $3.4 billion widening. Recent dollar strength will increase the difficulty in selling US goods overseas. And there is much uncertainty about ... | 8 | 1 |
| Factory Orders November | 8 | 1 |
| Time: 10:00 am | 8 | 1 |
| Forecast: -2.3% | 8 | 1 |
| A deep decline in transportation sector orders is all but certain to guide overall factory orders lower in November. Yet core durable goods orders are showing more near-term vigor, rising 5.0% annualized in the three months ending November against th... | 8 | 1 |
| Thursday, January 12 | 8 | 1 |
| Import Price Index December | 8 | 1 |
| Time: 8:30 am | 8 | 1 |
| Forecast: 0.8% | 8 | 1 |
| Rising commodity prices can lead the December Import Price Index to the biggest gain in seven months. Yet even with frequent monthly gains throughout last year, the yearly decline of 0.1% for the Import Index in November hints that price pressures on... | 8 | 1 |
| Friday, January 13 | 8 | 1 |
| Producer Price Index December | 8 | 1 |
| Time: 8:30 am | 8 | 1 |
| Forecast: 0.3% overall, 0.1% core | 8 | 1 |
| Higher fuel costs can lead the Producer Price Index to the second straight substantial monthly gain in December. The PPI now points to an end of a disinflationary period, rising at the two-year high rate of 1.3% yearly to November. That trend gives ... | 8 | 1 |
| Retail Sales December | 9 | 1 |
| Time: 8:30 am | 9 | 1 |
| Forecast: 0.4% overall, 0.5% ex auto | 9 | 1 |
| Rising incomes and higher gasoline costs can lead a solid gain for retail sales in December. Sales have shown some uplift of late, rising 3.8% yearly in the three months ending November the best such result in seven months. But while the rate of ret... | 9 | 1 |
| Business Inventories November | 9 | 1 |
| Time: 10:00 am | 9 | 1 |
| Forecast: 0.3% | 9 | 1 |
| Business inventories are projected to expand in November at the fastest rate in eight months after sliding in the previous month. The inventories-to-sales ratio of 1.37 in October is the lowest in 15 months, as bloated stockpiles are less of a hindra... | 9 | 1 |
| University of Michigan Consumer Sentiment January Preliminary | 9 | 1 |
| Time: 10:00 am | 9 | 1 |
| Forecast: 99.0 | 9 | 1 |
| Consumer sentiment in the Michigan survey can reach its highest level in over a decade as post-election optimism persists. Higher fuel costs may have a key role in influencing sentiment indices in the months ahead. Though more expensive fuel can wei... | 9 | 1 |
| EUROPE | 9 | 1 |
| Friday, January 6 | 10 | 1 |
| France: Foreign Trade (November; 8:00 a.m. GMT) | 10 | 1 |
| Euro Zone: Retail Sales (November; 10:00 a.m. GMT) | 10 | 1 |
| Euro Zone: Business and Consumer Sentiment (December; 10:00 a.m. GMT) | 10 | 1 |
| Asia-Pacific | 11 | 1 |
| Monday, January 9 | 11 | 1 |
| China Foreign Trade December | 11 | 1 |
| Philippines Industrial Production November | 11 | 1 |
| Taiwan Foreign Trade December | 11 | 1 |
| Tuesday, January 10 | 12 | 1 |
| China Monetary Aggregates December | 12 | 1 |
| Australia Retail Sales November | 12 | 1 |
| China Consumer Price Index December | 12 | 1 |
| China Producer Price Index December | 12 | 1 |
| Japan Consumer Confidence December | 12 | 1 |
| Wednesday, January 11 | 12 | 1 |
| South Korea Employment December | 12 | 1 |
| Malaysia Industrial Production November | 12 | 1 |
| Thursday, January 12 | 13 | 1 |
| India Consumer Price Index December | 13 | 1 |
| India Industrial Production November | 13 | 1 |
| Friday, January 13 | 13 | 1 |
| South Korea Monetary Policy January | 13 | 1 |
| India Foreign Trade December | 13 | 1 |
| The Long View | 14 | 4 |
| Credit spreads | 14 | 1 |
| The recent high-yield bond spread of 404 bp is less than what is predicted by the spread s macroeconomic drivers and the high-yield EDF metric, but it is wider than what might be inferred from a now below-trend VIX index. The implications for liquidit... | 14 | 1 |
| Defaults | 14 | 1 |
| US CORPORATE BOND ISSUANCE | 14 | 1 |
| Through the first 50 weeks of 2016, US$-denominated corporate bond issuance showed year-over-year percent changes of a 4.3% increase for investment-grade and a -6.5% drop for high-yield. US economic outlook | 15 | 1 |
| EUROPE | 15 | 1 |
| Asia Pacific | 16 | 2 |
| Ratings Round-Up | 18 | 1 |
| Ratings Round-Up | 18 | 1 |
| Ratings Round-Up | 19 | 1 |
| Market Data | 20 | 4 |
| Moody s Capital Markets Research recent publications | 24 | 3 |
