The interest rate tide has turned in the US, UK, and other regions, but does not signal critical change in the near-term bond market outlook, according to a report by Standard & Poor’s. Strengthening economic fundamentals and the steady decline in global default rates have helped to sustain investor risk appetite, said the rating agency. Global credit quality continued to moderate in the second quarter of 2004, with a decline in the downgrade ratio driven by a slight deceleration in downgrades and a small uptick in upgrades. ‘Positive rating trends are expected to continue as outlooks and CreditWatch listings display a reduction in negative bias,’ noted Diane Vazza, head of Standard & Poor’s Global Fixed Income Research Group. Notwithstanding modest corporate spreads, bond issuance activity took a hit in most regions relative to the high levels of 2003 as refinancing demands receded, said Standard & Poor’s. Even though the issuing environment remains favourable from a historical perspective, the pipeline for new issues will decelerate relative to 2003 as some corporations use internally generated funds for net new financing needs, noted the rating agency.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more