haku: @author Lee, P. / yhteensä: 104
viite: 35 / 104
| Tekijä: | Lee, P. |
| Otsikko: | Masters of credit or hype? |
| Lehti: | Euromoney
1997 : JUL, 7, p. 44-49 |
| Asiasana: | CREDIT INVESTMENT BANKING |
| Kieli: | eng |
| Tiivistelmä: | Credit is this year's buzzword in investment banking. Credit analysts, credit trading, credit products and credit spreads are the talk of managers around the world. The excitement is driven by solid economic factors such as European monetary union, improving credit fundamentals, low interest rates and the search for yield. But markets are also being talked up by some traders looking for the upside in bonds almost as if they were equities. Investors are mistaken if they believe that credit derivatives provide a hedge in the same way as interest rate swaps. |
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