Al Drago/Bloomberg Key insight: Fed Vice Chair for Supervision Michelle Bowman signaled that she is onboard for notable short term interest rate cuts if the labor market picture continues to worsen. Expert quote: “The recent data, including the estimated payroll employment benchmark revisions show that we are at serious risk of already being behind the […]
Fed’s Bowman: ‘Serious risk’ of labor market deterioration Read More »
Mergers and acquisitions and private markets will rebound when the next Federal Reserve chair is appointed, according to Marathon Asset Management LP Chairman Bruce Richards. Bringing down financing costs will boost transaction activity, increasing distributions to investors in private equity and making it easier for companies to repay their debts, he said in an interview
Marathon’s Richards sees coming bonanza for LBOs, private credit Read More »
A rapid plunge in U.S. interest-rate volatility is heaping pain on a popular Wall Street approach for hedging against financial market turmoil. In recent years, major banks have been building and selling protective quantitative investment strategies (QIS) tied to long-term expectations for swings in interest rates. The products — systematic trades packaged up as swaps for the
Rates ‘Volmageddon’ hammers Wall Street tail hedge Read More »