Pending Home Sales At 6.3% Versus 0% Consensus
Gotta love anything to do with foreclosure transactions. One third of all 2008 transactions involved borrowers forced out by banks. healthy market- some not so happy news updates:According to Mark...
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The 2014 HY Maturity Cliff: Bank of America's Take
We have previously discussed the maturity cliff in Treasuries, Commercial Real Estate, Financials and High Yield. Focusing on the latter, a recent report from Moody's, indicated that there is roughly...
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Latest PSI Terms Leaked; Imply Greek Redefault Within 2 Years
The first details of the Greek bond deal are leaking out via Reuters, and we now learn the reason for the Greek bond sell off in recent days:UNDER GREEK DEBT SWAP, PRIVATE SECTOR WILL GET 3% COUPON ON...
View ArticleGreek Creditors Don't Get the Courtesy of a Reach-Around
From Peter Tchir of TF Market AdvisorsGreek Creditors Don't Get the Courtesy of a Reach-AroundOnly in Greece, can you wipe out €100 billion of debt, and have the new debt that replaces it trade at 20%...
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Elliott Management Vs Argentina Round 3: The Showdown
Most recently, in "Elliott Management Vs Argentina Round 2: Now It's Personal" we laid out the story of how in the ongoing legal fight between Argentina's prominent distressed debt creditor, and...
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"Boomerang Foreclosures" Are Back As Bernanke's Second Housing Bubble Begins...
Something curious happened in California in January: the foreclosure process virtually ground to a halt. Specifically, as RealtyTrac describes it, "the downward foreclosure trend in California...
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