Category Archives: Market Structure and Dynamics

Economists at Largest Banks Predict Recession in 2023  The Wall Street Journal reports that more than two-thirds of economists at 23 of the largest primary dealers forecast a recession this year. Factors in the latest...

ADP’s monthly payroll report, released November 30, tallied a 127,000 net increase in new positions in private payrolls, far less than economists had projected (190,000), although the Leisure and Hospitality sector still saw a strong...

The Federal Reserve Bank of New York (FRBNY) released its Q3 report on household debt, revealing an increase in credit card balances by 15% year-over-year, the largest increase in more than 20 years. The report also cites...

The Consumer Price Index (CPI), released November 10, surprised analysts who had expected the annualized inflation rate to go to 7.9%, down from 8.2% in September. Instead, October’s CPI reported a 7.7% rate. The core index, minus the...

Norinchukin Bank, a Japanese bank and an “anchor investor" in AAA-rated CLO bonds, has paused purchasing new CLOs in U.S. and Europe. The move was likely the result of “profound” volatility in the global markets....

Economists Offer Differing Predictions for Quantitative Tightening The Federal Reserve’s (Fed) schedule to reduce its balance-sheet, known as quantitative tightening (QT), is ramping up through September and possibly ending in early 2025. The plan to run...

Non-Prime Lenders Report Delinquency Upticks Across Consumer Credit Products According to American Banker, banking executives were “largely positive” about the credit health of their mostly prime borrowers, while nonbank lenders with nonprime portfolios were less...

Banks See Opportunity to Attract New Customers in the Face of Adversity Undaunted by inflation and recession risk, credit-card issuers have allocated more funds to marketing and promotional expenses, have attracted new customers and are...

Aviation ABS: Heading in a New Direction with a New Player Voyager Aviation, an aircraft management and leasing firm based in Dublin, has announced its intention to venture into ABS with an initial offering of...

Fed Chair Powell Discusses Game Plan for Combatting Rise in Inflation On May 17, Federal Reserve Chair Jerome Powell in a Wall Street Journal interview stated he is committed to taking interest rates as high...