This study uses both archival and field evidence from one multidivisional firm to examine how the three commonly used financial performance standards used to calibrate short-term bonus payouts-thresholds, targets, and maximums-are set. She (or they) encourage contestants in the audience to kill each other for thousand of "love points." There's even a bonus round for extra special homicides. The first syndie game show which comes to my elderly mind as a late night special is Street Smarts. Yields on Mexicos 2019 bonds have dropped to 5.16% from 6.36% in March The extra yield investors demand to own developing-nations bonds instead of U.S. September 17 - Bloomberg (Chia-Peck Wong and Frank Longid): Sun Hung Kai Properties Ltd., the worlds largest developer by market value, raised the price of two penthouses in Hong Kong by 50% to a record HK$75,000 ($9,700) a square foot as demand surges for luxury apartments. The 4,806 square-foot apartment is on the top floor of the 60-story building in the citys South of Market area Total Money Market Fund assets (from Invest Co Inst) sank $61.0bn to $3.482 TN. Money fund assets have declined $348bn y-t-d, or 12.8% annualized. But the secret's so important, so game-changing in its scope, that it has given him the rare occasion to be in Los Angeles long enough to accommodate a four-hour-plus block of meetings, keeping at bay a schedule filled with the global itineraries that come with managing superstar acts like Madonna, U2 and Alicia Keys--not to mention a tech fund with Ashton Kutcher and billionaire Ron Burkle, A-Grade Investments, that has more than 20 companies in its portfolio.
China Chinese companies will reinforce the going-out strategy and participate in this new wave of M&As, Xiong said September 16 - Bloomberg (Zijing Wu): Chinese companies will step up the pace of overseas mergers and acquisitions in a new wave of deals, said Xiong Weiping, chairman of Aluminum Corp. September 15 - Bloomberg (Paul Abelsky): Russias government sees a handful of regional currencies emerging over the next decade to challenge the dollar, as long as emerging markets continue to grow, President Dmitry Medvedevs senior economic adviser said. September 18 - Bloomberg (Thomas Penny): Britain posted the biggest budget deficit for any August since modern records began in 1993 as the recession destroyed tax revenue and welfare costs soared. Bankrate's survey of jumbo mortgage borrowing costs had 30-yr fixed jumbo rates unchanged at 6.18% (down 75bps y-o-y).https://xyp7.com September 15 - Bloomberg (Laura Cochrane and Lester Pimentel): Emerging-market borrowing costs fell to levels before the collapse of Lehman However, we believe that the costs are relatively small and would yield much value in any case. There are just a lot of countries, full of human beings, trying to get ahead economically, like us - not against us.
Journey? Is there anything less hip than calling something a "journey"? December Wheat dropped 2.1% (down 25% y-t-d), and December Corn declined 0.5% (down 22% y-t-d). Treasuries dropped 13 bps today to 3.31 percentage points Freddie Mac 30-year fixed mortgage rates declined 3 bps to 5.04% (down 74bps y-o-y). Fifteen-year fixed rates dipped 3 bps to 4.47% (down 88bps y-o-y). September 16 - Bloomberg: China may have to spend an additional 1.7 trillion yuan ($249 billion) in 2050 to shift the country to a low-carbon model of economic growth. Junk issuers included Newpage $1.7bn, Ford Motor Credit $1.0bn, CSN Island $750 million, Blockbuster $675 million, Felcor Lodging $630 million, Frontier Communications $600 million, Textron $600 million, Qwest $550 million, MGM Mirage $475 million, Del Monte Foods $450 million, Country Garden $375 million, Continental Resources $300 million, and Concho Resources $300 million. For top traders, especially investment bank traders, $1 million is not unexpected, its easy to get, Lai said Issuers included SFEF $4.5bn, Shell $4.0bn, Barclays Bank $2.0bn, Export Development Canada $1.0bn, Voto-Votorantim $1.0bn, Central American Bank $500 million, Axtel SAB $300 million and Corporacion GEO $250 million.
Junk bond funds enjoyed inflows of $339 million (from AMG). To be sure, placing essentially federal government backing upon previously private-label mortgages dramatically changes the markets perception of these securities worth (moneyness) - especially with fed funds pegged for an extended period at near zero and the Fed in the midst of a $25bn weekly purchase program in order to fulfill it commitment to purchase $1.25 TN of mortgage securities. Retail Money Funds declined $4.3bn. Savings Deposits declined $8.0bn, and Small Denominated Deposits fell $6.7bn. For the week, Currency increased $3.2bn, and Demand & Checkable Deposits rose $28.4bn. Theres huge demand for physical traders, Gary Lai, manager of financial services at Robert Walters in Singapore, said September 14 - Bloomberg (Bernard Lo and Kim Kyoungwha): Global banks are engaged in a hiring boom for commodity traders as they add staff to benefit from surging metals and energy prices, offering $1 million packages for top employees, recruiters Robert Walters Plc said. September 17 - Bloomberg (Shobhana Chandra): U.S.
