10:07
Capital Markets Update: US Corporate Distressed Debt Bond
Capital Markets Update: US Corporate Distressed Debt Bond
Now that quantitative easing may soon end, the markets could be reflecting on what Standard & Poor's ratings in the high-yield space have always indicated: Default risk gets higher at the lowest end of the rating scale. Investors have noticed that some investments might default, primarily in the distressed debt space. Now that a US recovery appears underway, but still weak, investors may recognize that some companies didn't handle the recession well, and as our ratings suggest, a number of them are vulnerable to non-payment. If business, economic, and financial environments fail to improve, these companies could default. In this edition of Capital Markets Update, Senior Director Peter Rigby looks at how distressed senior unsecured bonds for companies in energy, transportation, casino and hotels, and media industries are trading and what's driving our ratings.
70:45
10. Debt Markets: Term Structure
10. Debt Markets: Term Structure
Financial Markets (ECON 252) The markets for debt, both public and private far exceed the entire stock market in value and importance. The US Treasury issues debt of various maturities through auctions, which are open only to authorized buyers. Corporations issue debt with investment banks as intermediaries. The interest rates are not set by the Treasury, the corporations or the investment bankers, but are determined by the market, reflecting economic forces about which there are a number of theories. The real and nominal rates and the coupons of a bond determine its price in the market. The term structure, which is the plot of yield-to-maturity against time-to-maturity indicates the value of time for points in the future. Forward rates are the future spot rates that can be calculated using today's bond prices. Finally, indexed bonds, which are indexed to inflation, offer the safest asset of all and their price reveals a fundamental economic indicator, the real interest rate. 00:00 - Chapter 1. Introduction 04:25 - Chapter 2. The Discount and Investment Rates 19:12 - Chapter 3. The Bid-Ask Spread and Murdoch's Wall Street Journal 29:17 - Chapter 4. Defining Bonds and the Pricing Formula 39:38 - Chapter 5. Derivation of the Term Structure of Interest Rates 52:34 - Chapter 6. Lord John Hicks's Forward Rates: Derivation and Calculations 01:06:09 - Chapter 7. Inflation and Interest Rates Complete course materials are available at the Open Yale Courses website: open.yale.edu <b>...</b>
0:42
How to Live Debt-Free
How to Live Debt-Free
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15:27
American-Chinese Debt Loop
American-Chinese Debt Loop
How the Chinese buying of American debt leads to lower interest rates
159:11
State And Municipal Debt: Tough Choices Ahead (Part 1 of 3)
State And Municipal Debt: Tough Choices Ahead (Part 1 of 3)
State And Municipal Debt: Tough Choices Ahead (Part 1 of 3) - House Oversight Committee - 2011-04-14 - House Committee on Oversight and Government Reform. Witnesses: Panel I: The Honorable Scott Walker, Governor, State of Wisconsin; The Honorable Peter Shumlin, Governor, State of Vermont. Panel II: Dr. Andrew Biggs, Resident Scholar, The American Enterprise Institute for Public Policy Research; Mr. Mark Mix, President, National Right to Work Legal Defense Foundation; Dr. Robert Novy-Marx, Professor of Finance, University of Rochester Simon Graduate School of Business; Dr. Desmond Lachman, Resident Scholar, The American Enterprise Institute for Public Policy Research. Video provided by US House of Representatives.
9:42
Collateralized Debt Obligation (CDO)
Collateralized Debt Obligation (CDO)
Introduction to collateralized debt obligations (to be listen to after series on mortgage-backed securities.
66:32
Red to Black: Improving the Collection of Delinquent Debt Owed to the Government
Red to Black: Improving the Collection of Delinquent Debt Owed to the Government
Red to Black: Improving the Collection of Delinquent Debt Owed to the Government - House Oversight Committee - 2011-03-11 - House Committee on Oversight and Government Reform. Subcommittee on Government Organization, Efficiency, and Financial Management. Witnesses David Lebryk, Commissioner of Financial Management Service, US Department of Treasury.
90:52
State And Municipal Debt: The Coming Crisis? Part II
State And Municipal Debt: The Coming Crisis? Part II
State And Municipal Debt: The Coming Crisis? Part II - House Oversight Committee - 2011-03-15 - House Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs. Witnesses: Senator Dan Liljenquist, Utah State Senator; Robert Kurtter, Managing Director for US State and Regional Ratings, Moody's Investors Service, Inc.; Robin Prunty, Team Leader for State Ratings, Standard and Poor's Public Finance Ratings Group; Dr. Andrew Biggs, Resident Scholar, Public Policy Research, American Enterprise Institute; Dr. Dean Baker, Co-Director, Center for Economic and Policy Research.
112:01
State and Municipal Debt: The Coming Crisis?
State and Municipal Debt: The Coming Crisis?
State and Municipal Debt: The Coming Crisis? - House Oversight Committee -- 2011-02-09 - House Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs. Witnesses: Ms. Nicole Gelinas, Searle Freedom Trust Fellow, Manhattan Institute; Professor David Skeel, S. Samuel Arsht Professor of Corporate Law, University of Pennsylvania Law School; Ms. Eileen Norcross, Senior Research Fellow, Social Change Project at the Mercatus Center; Ms. Iris Lav, Senior Advisor, Center on Budget and Policy Priorities. Video provided by the US House of Representatives.
28:26
State And Municipal Debt: Tough Choices Ahead (Part 2 of 3)
State And Municipal Debt: Tough Choices Ahead (Part 2 of 3)
State And Municipal Debt: Tough Choices Ahead (Part 2 of 3) - House Oversight Committee - 2011-04-14 - House Committee on Oversight and Government Reform. Witnesses: Panel I: The Honorable Scott Walker, Governor, State of Wisconsin; The Honorable Peter Shumlin, Governor, State of Vermont. Panel II: Dr. Andrew Biggs, Resident Scholar, The American Enterprise Institute for Public Policy Research; Mr. Mark Mix, President, National Right to Work Legal Defense Foundation; Dr. Robert Novy-Marx, Professor of Finance, University of Rochester Simon Graduate School of Business; Dr. Desmond Lachman, Resident Scholar, The American Enterprise Institute for Public Policy Research. Video provided by US House of Representatives.
89:27
Silver & Gold - Debt Collapse - $20000 Gold - Mike Maloney on Economic Crisis
Silver & Gold - Debt Collapse - $20000 Gold - Mike Maloney on Economic Crisis
www.goldsilver.com Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next deacde...short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more. If you would like to know more check out Mike's websites www.GoldSilver.com and http Mike sends out a free weekly newsletter from each of the above sites each with valuable information on the economy and gold & silver, see you there. Default Greek Greece Debt Crisis Debt Debt Ceiling Ron Paul Newt Gingrich
