Best of the Web: 15-12-15, nr 1354

Good morning. Steeper and steeper…

https://www.blackrockblog.com/2015/12/11/economic-trends-in-charts/

Credit cards! You still get impressive spreads in that business…
cotd interest rates consumer credit
http://uk.businessinsider.com/what-fed-hike-means-for-auto-home-loans-credit-cards-2015-12

Although high yields are also making a comeback, as such…
GS high yield
http://uk.businessinsider.com/debt-chart-from-goldman-sachs-shows-you-why-junk-bonds-have-been-so-popular-2015-12

Speaking of which: this is the first negative year for high yields since 2008
VndNzr-d1-45LR9Ps49en-yMWXIwNK1YtukzkMIu7wOb9qUwev0trUSs_sl2m4iGwYxo-MDwMlcCej4cblwSpzNICJpTKF-ZBDbWGznGDotSBFB5DP3FsOwZMpB_JYG34saTv4cU
http://ftalphaville.ft.com/2015/12/14/2147788/it-really-has-been-a-bad-year-for-high-yield/

And here is some more on the High Yield market
yrm-iK779rI4MRsFHDud2hlDB-8ZR1rNIJFvjRUDU9r5YCg7cAs_0vwc3vhjkzHwLhdnkVGav94LTVs4JSCK5sCHPUYoBauZFxyTF4A7t9vBg25jssNyci4nxWyXqmtmkn73sRQO
https://www.bespokepremium.com/the-closer/the-closer-121415-beta-blasted/

Cool chart showing how inflation keeps on under delivering
Inffore
http://economistsview.typepad.com/economistsview/2015/12/fed-watch-makes-you-wonder-what-the-fed-is-thinking.html

A bit of reading by the ECB on the employment recover in the Eurozone
rLjDhqP3jctbOYFBeSPobDLAksm6bTYPP80591j74BrfeEg0awc4GXFADTde-VuUBjSs_0hflqpgY51gSQ7FpeUrUzdjSlIi3vPAPd7AyLNLE_lBcBO9onSOutfehMEbh9QX9WAr
http://www.ecb.europa.eu/pub/pdf/other/eb201508_article01.en.pdf

For them geeky diehards out there: “ Mortgage risk and the yield curve”
u-00e9aqZKYQyw3l8ZGS75shmFgLyd6Mat0N_7Q4OYwK4dWaal9AUTsEdz7uLWeDzCJcofsXePCvBZhW8aqL53Ug9d-5XXOhnmkG5LtaG0eafGt8kHxLNkg5kZ_YYBbebCxGlEYg
http://www.bis.org/publ/work532.pdf

 

A complete overview of all previous editions of Best of the Web can be found herehttp://tinyurl.com/c8ge4c5. All links provided are collected from public websites, unless otherwise specified. I have not checked the data or information for accuracy used, and therefore do not guarantee that all data provided will be 100% correct. The links provided do not necessarily reflect my personal opinion and should be seen as general interest: oftentimes I do not agree with arguments presented, but nevertheless think it is worthwhile to read them. It is up to the reader to make up their own mind. Suggestions or discussions are more than welcome. Do not quote unless specifically cleared beforehand!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s