Expect[ed] Loss

––– a weblog focusing on fixed income financial markets, and disconnects within them

Thursday, January 15, 2009

The Corporate Loan Conundrum

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Here's our two cents worth on the year-end state of the leveraged loan market, and a little insight into the challenges that lie ahead. ...
1 comment:

Another Day, Another "Plug"

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Ditto our prior article Static Measures for a Dynamic Environment : Moody's is revising its assumptions to reflect the expected stress o...
Tuesday, January 13, 2009

Static Measures for a Dynamic Environment

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It is with a touch of disappointment that we read S&P's announcement yesterday that they're downgrading certain leveraged super ...
Monday, December 22, 2008

Reclassifying from Available-For-Sale to Hold-To-Maturity

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Back in September Asset-Backed Alert put out an article describing how various banks (Zions Bancorp, National Penn and others) have rearrang...
1 comment:
Wednesday, December 10, 2008

Opal CDO/Structured Products Summit

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We came down to sunny southern California for the Opal Financial Group Summit which ended yesterday and thought we'd relay some of what...
1 comment:
Monday, December 1, 2008

Deleveraging by Leveraged Funds-of-funds

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The calling of Allianz’s EUR300 million Phenix CFO -- purportedly the first to be liquidated -- augurs poorly for the hedge fund industry, a...
1 comment:
Thursday, November 20, 2008

Unequal Hedge Fund Disclosure - How "Fair Value" May Become Unfair

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The Problem All hedge fund disclosures are equal, but some investors apparently have more equal transparency than others. Perhaps, for a tou...
2 comments:
Thursday, November 13, 2008

1 in 5 Americans 60+ Days Delinquent

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J.P.Morgan came out with their September 2008 Home Price Update. The report shows the national average 60+ delinquency rate at a whopping 17...
1 comment:
Wednesday, November 12, 2008

An Investor's Guide to Hedge Fund Leverage (Part 1)

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Leverage (more specifically deleveraging) difficulties have caused more than their fair share of pain of late in the hedge fund world. We...
1 comment:
Monday, November 10, 2008

The Bankruptcy Burden

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We're not economists, and certainly not of the Chris Flanagan/Mark Zandi ilk, but thought we'd give it a bash for a change and sha...
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