by John Schroy filed under Corporate Bonds
The primary sellers of corporate bonds during the quarter were issuers of asset-backed securities, placing a record (net) $315.2 billion.
The principal buyers were foreign investors ($213.2 billion, net) and life insurance companies ($160.1 billion net). Also major sellers in this market were domestic households ($181.4 billion, net).
by John Schroy filed under Agencies, Mortgages
During the second quarter of 2004, prices of bonds of U.S. government agencies and government sponsored enterprises fell, indicating that the main motivated sellers were the agencies and GSEs (as issuers) and their related mortgage pools.
The motivation of issuers of agency bonds was to raise funds to meet demand for mortgages from households that was running at somewhat reduced levels than in the past, despite Federal Reserve low interest rate policies.
|
| Comments Off
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | |||||
| 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| 10 | 11 | 12 | 13 | 14 | 15 | 16 |
| 17 | 18 | 19 | 20 | 21 | 22 | 23 |
| 24 | 25 | 26 | 27 | 28 | 29 | 30 |
| 31 | ||||||
Click these icons to email articles to friends.
This weblog is optimized for modern browsers such as Firefox and Opera, using javascript. Login
© 2003-2006 John Oswin Schroy
