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The average bid of high-yield flow-name bonds rocketed 272 bps in today’s reading, to 101.33% of par, yielding 6.74%, from 98.61, yielding 7.86%, on Oct. 16, according to LCD. All 15 of the constituents notched big gains, with none less than one full point and many in the two-to-four-point context. In a snapback rally from the depths of October’s nosedive, the average posted its single largest gain in roughly three years, or since a gain of 332 bps for the observation of Sept. ...
With about 4% of public listings on Bangladesh’s stock exchanges held by foreigners, Shahidul Islam estimates foreign holdings in Bangladesh’s public equities are at, or near, their all-time high. Mr. Islam is the CEO of VIPB Asset Management Company, an asset manager focused on growing Bangladesh’s nascent market for mutual funds. Mr. Islam, age 41, is a CFA Charterholder and has 14 years of experience in Bangladesh’s banking and capital markets. Mr. Islam kindly agreed to give his perspective ...
Hong Kong’s modern history is a remarkable story: a leasehold on a rock by a colonial empire from a vast and rising power; a lease whose expiry was honoured, creating a strange, unintended and successful experimental outcome. For more than a century, and even since its return from British to Chinese sovereignty in 1997, Hong Kong has combined access to the vast population, business opportunity and culture of China, with British ease of business and the rule of law. Hong Kong grew, and ...
U.S. stock markets are near an all-time high and fear, as measured by the VIX, is extremely low. Institutional investors understand the relationship between investor fear and stock price trends. In fact, investor sentiment plays a significant role in the investment decisions of many professionals. In this article we’ll discuss stock market volatility and the influence it has on the direction of stock prices. The VIX The VIX is an acronym for the Chicago Board ...
Taking the long view, 2014 hasn’t been the most eventful year for stocks. Sure the momentum stock swings have made for plenty of good headlines, but with four months left until 2015 the broader market has grinded its way higher without any significant correction. That has left many investors lamenting the lack of good buying opportunities, even as market watchers keep bracing for a long-awaited correction. At its worst, an intraday low ...