Potential investment implications of IFRS 9 on bond and equity investment strategies like hedge accounting and derivatives.
This paper examines the U.S. commercial mortgage loan (CML) market and U.S. insurers’ investments in CMLs.
Since the financial crisis, for a relatively liquid investment CLOs consistently have had the highest spreads net of capital costs for US life insurers.
Markets, economy, stocks, growth, global, fixed income, international, asset classes
We cut the chances of recession to 25% after a thaw in the trade war and a year of rate cuts; our forecast is for sub trend growth. Favored sectors include emerging market local currency debt and higher rated short-duration securitized credit.
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
A new way for our institutional investors to access and customize J.P. Morgan's intellectual capital.
In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
NAIC 2019 Summer National Meeting Key takeaways