Asset Backed Securities

Debt markets, where lenders funnel money to businesses and consumers, are showing signs of strain. Debt markets, where lenders funnel money to businesses and consumers, are showing signs of strain. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of…

The sudden collapse of Silicon Valley Bank was driven in part by assets that lost value when interest rates rose from near zero. Higher rates will continue to weigh on banks’ balance sheets. They will also cause problems in other parts of the economy.Banks lost money on securities sensitive to interest rates such as Treasurys and mortgage-backed securities. Those losses will grow if rates keep going higher. If, as the Federal Reserve hopes, those rates slow the economy to ease inflation, the banks could face other losses.…

The U.S. economy is on a steady footing and the unemployment rate is superlow. Yet a rising number of Americans are falling behind on their car payments. Some 9.3% of auto loans extended to people with low credit scores were 30 or more days behind on payments at the end of last year, the highest share since 2010, according to an analysis by Moody’s Analytics. The past few years have been unusually good for consumers, who stowed away extra money during the pandemic, but sky-high inflation is eating away at those gains. Car…

Credit Suisse CS -1.03% Group AG is nearing a deal to sell its securitized-products group to heavyweight investors Apollo Global Management Inc. APO -0.31% and Pacific Investment Management Co. as part of a retreat from Wall Street, people familiar with the matter said. The Swiss bank is set to give details of the sale, and other measures for a planned strategy change, on Thursday.…