FIG Topics of Interest

 

04/03/17

Results from RJO's MSR Hedging Survey for IMN Conference March 27-28th, 2017

Click here to download a pdf of this article, Results from RJO’s IMN MSR Hedging Survey.pdf
 
 

04/03/17

Seven Chinese companies have defaulted on a total of nine bonds onshore so far in 2017, versus 29 for all of last year, according to data compiled by Bloomberg. In a sign of the struggles facing China’s old economic model, most of them depend on heavy industry and construction. While it’s still far from a crisis point, the defaults shows how policy makers’ efforts to reduce the liquidity that had propelled the bond market until late last year is exacting casualties.

Click here to download a pdf of this article, Missile.pdf
 
 

03/31/17

The student housing sector is attracting increased attention from major investors, who see the sector as offering less rental growth volatility and a recession-resistant hedge to conventional apartments. 

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03/30/17

Is Brexit a divorce, or is the UK leaving a club? This is the first question to answer as negotatiors discuss the key aspects of the EU-UK financial settlement. The authors present various scenarios, and find that the UK could be expected to pay between €25.4 billion and €65.1 billion. But the final cost can only be calculated after extensive political negotiations.

Click here to download a pdf of this article, Missile.pdf
 
 

03/29/17

Subprime auto-loan securitizations, have risen to 32.5% from 5.1% since 2010.
Scottish lawmakers backed plans to pursue a second independence referendum.
Industrial robots have had a "large" and negative effect on US employment and wages.
How long can a country remain rich without manufacturing?
US Interior Secretary Zinke is kick-starting a process that could lead to companies paying higher royalties for oil, gas and other energy resources.
Measuring Labor Utilization: The Non-Employment Index
Toshiba said Westinghouse's board was considering bankruptcy.  they have filed for Chapter 11 protection in New York.
Cisco learned its equipment was vulnerable to hacking, after Julian Assange disclosed earlier this month that his anti-secrecy group obtained CIA tools for hacking into technology products made in the USA.
SpaceX is about to make history by re-launching a used Falcon 9 rocket.

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03/29/17

“The securitization market has become more heavily weighted towards issuers that we would consider deep subprime,” the strategists wrote. “Auto loan fundamental performance, especially within ABS pools, continues to deteriorate.”

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03/28/17

President Trump and House Speaker Paul D. Ryan both want to rewrite the tax code, but their proposals differ on how much tax relief to give the middle class.

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03/27/17

The amount of new capital available for global real estate investment in 2017 stands at $435 billion, lower than last year’s peak but the second-highest figure recorded since 2009, according to new research from Cushman & Wakefield China in Hong Kong.

Click here to download a pdf of this article, Missile.pdf
 
 

03/24/17

A record 1,764 wells were left unfinished in the Permian in February, according to U.S. government data going back to December 2013. In February alone, 395 wells were drilled and only 300 completed. That was the highest drilling rate in the Permian in two years.

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03/23/17

Fifty-two of the 100 largest U.S. cities were majority-renter in 2015, according to U.S. Census Bureau data compiled for Bloomberg by real estate brokerage Redfin. Twenty-one of those cities have shifted to renter-domination since 2009. These include such hot housing markets as Denver and San Diego and lukewarm locales, such as Detroit and Baltimore, better known for vacant homes than residential development. 

Click here to download a pdf of this article, Missile.pdf