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Search resuls for: "Wayward"


4 mentions found


☆ Credit Suisse’s wayward debt is a bet for the bold
  + stars: | 2022-10-06 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 6 (Reuters Breakingviews) - Credit Suisse’s (CSGN.S) debt derivatives are still sending spooky signals, even though its equity is not. Yet its credit default swaps (CDS), contracts used to speculate on a company defaulting on its debt, are still bizarrely elevated, despite the absence of any bad news. Five-year swaps were trading at roughly 360 basis points on Thursday, compared with around 200 basis points in mid-September, according to Refinitiv data. Credit Suisse’s one-year CDSs, meanwhile, were quoted at around 600 basis points on Thursday morning, according to one trader. Investors willing to bet that Credit Suisse can survive would make handsome gains.
☆ Peloton races tough economic cycle
  + stars: | 2022-10-06 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, Oct 6 (Reuters Breakingviews) - Peloton Interactive (PTON.O) is pedaling as fast as it can. The maker of connected bikes plans to cut 500 more jobs, or about 12% of its workforce, according to the Wall Street Journal. And even though McCarthy has steadily trimmed the cash burn, free cash flow was a hefty negative $412 million in the three months to June 30. Peloton, whose market value has plummeted 90% in a year, is coming precariously close to the end of a wild ride. (By Sharon Lam)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist.
☆ Breakingviews: BoE’s bond-buying U-turn is worth the risk
  + stars: | 2022-09-28 | by ( Neil Unmack | ) www.reuters.com   time to read: +5 min
The fallout makes it even harder for Governor Andrew Bailey to convince markets he can tighten monetary policy. His decision on Wednesday to buy UK government debt and delay plans to sell down its 857 billion pound ($915 billion) bond portfolio carries big risks. Bailey’s goal is to cut holdings by 80 billion pounds over the next year. UBS analysts reckon issuance of gilts, after factoring in sales and redemptions from QT, will reach 355 billion pounds in the year ending March 2024. If Bailey can now tighten monetary policy without freaking out investors, his U-turn will have been worth the risk.
☆ Notable quotes of Britain's Queen Elizabeth
  + stars: | 2022-09-08 | by ( ) www.reuters.com   time to read: +7 min
I can give you my heart and my devotion to these old islands and to all the peoples of our brotherhood of nations." - First televised Christmas broadcast in 1957. "We cheered the king and the queen on the balcony and then walked miles through the streets. Throughout all my life and with all my heart I shall strive to be worthy of your trust." - Christmas broadcast in 2017.
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