Economy

S&P warns leveraged loan market could 'turn sharply'

Markets -

Markets -

The current credit cycle is approaching its peak that could "turn sharply," putting lenders and borrowers at risk, S&P Global Ratings said.
Alaska Permanent working with another wealth fund to develop emerging markets equity fund

Sovereign Wealth Funds -

Sovereign Wealth Funds -

Alaska Permanent Fund Corp. is partnering with another sovereign wealth fund to develop a closed-end emerging markets equity fund.
Fed members say path for future rate hikes will be 'slightly steeper,' minutes show

Markets -

Markets -

A strengthening economy and expectations of upward movement on inflation convinced members of the FOMC to unanimously vote to raise interest rates on March 21.
China, Hong Kong expand daily quotas for connect programs

Markets -

Markets -

Chinese and Hong Kong regulators announced a quadrupling of the daily quotas for the "connect" programs between mainland and international investors.
Clayton says SEC to hold roundtables on market structure, investor data access

Regulation -

Regulation -

The Securities and Exchange Commission will hold staff roundtables starting later this month on market structure issues.
Could China target the U.S. crude trade?
In the trailing 12-month period ended Jan. 31, U.S. producers exported 2.3 billion barrels of crude oil and petroleum products, up from 1.9 billion during the prior 12-month period.
Dalio sees probabilities of trade war rising

MARKETS -

MARKETS -

Bridgewater's Ray Dalio warns the probabilities of trade and other types of wars are getting higher.
Puerto Rico governor's latest plan still leaves out pension reforms

Pension Funds -

Pension Funds -

Puerto Rico Gov. Ricardo Rossello submitted a revised fiscal plan that still refuses to consider pension benefit cuts and more shifting to DC plans.
Big tech faces a reckoning, $41 billion Swedish pension fund CEO warns

Investing -

Investing -

A lot of "unpleasant things" could be revealed as the tide of easy central bank money rolls out, one of Sweden's most powerful pension fund executives warned.
Intercontinental Exchange to buy Chicago Stock Exchange

Markets -

Markets -

Intercontinental Exchange, parent company of the New York Stock Exchange, agreed to buy the Chicago Stock Exchange.
Companies should fund pension plans, not pay big dividends, Pensions Regulator says

Pension Plans -

Pension Plans -

Large plan sponsors should reduce pension fund deficits instead of paying out high dividends to shareholders, The Pensions Regulator said.
Money managers see emerging markets benefiting from trade war

Markets -

Markets -

Escalating trade threats between the U.S. and China are creating opportunities to buy emerging market assets.
John C. Williams named president and CEO of New York Fed

Regulation -

Regulation -

John C. Williams was named president and CEO of the Federal Reserve Bank of New York.
Rising credit lines sounding alarms for LPs

Private Equity -

Private Equity -

Private equity managers are using credit lines for longer periods and return-boosting purposes, causing concern in the industry.
What's Driving Global Inflation?
PGIM Fixed Income investigates drivers of global inflation by analyzing developed and emerging market countries using three sets of variables—domestic (unemployment, labor costs, money supply), ...