RESEARCH REVIEW
THE BOND VIGILANTES WERE NESTLED ALL SNUG IN THEIR BEDS, WHILE VISIONS OF CREDIT RISK DANCED IN THEIR HEADS...
In February 2011, we wrote about the credit markets in our Focus Topic, titled A Conversation between Daddy and the Princess. This was a quasi-fictional discussion between my daughter (a.k.a., the Princess) and me about the credit markets and her 529 college savings plan. In this piece, we specifically noted that high yield bonds were priced for perfection at $104 (par is $100), and yielded less
FEG's Research Review brings you the monthly economic and market commentary, as well as an in-depth focus on a current topic of significance.
PRIVATE CAPITAL RESEARCH REVIEW
PRIVATE CAPITAL OVERVIEW
Looking into the third quarter, optimism was challenged. Initial Public Offerings (IPOs) were delayed, credit became less available and more expensive, transaction volume decreased, and energy prices dropped. Where available, this report incorporates this defined shift in momentum that occurred in the third quarter. In this time of uncertainty, the market's mood swings are dramatic, evidenced by
FEG's quarterly review delves into alternative investments such as natural resources, private equity, and private real estate.
