Novogratz of Fortress sees EM underperforming for 2 to 5 yrs. Many countries wasted surplus. Corruption now a big concern #UBSforum
Dasher of Schroders likes munis but has also built a basket of select EM corps with less than 7 year duration #UBSforum
Ryan of UBS says muni market has opportunities. Problems? Yes, but it is segmented not systemic. #UBSforum
#UBSforum FI panelists consensus is municipal bond market is high conviction trade for next six months.
Roberts of MFS says biggest risk over next 3 to 5 yrs is c.bank related. Looking long term move up in FI quality. #mfs #UBSforum
In high yield market, opportunities likely outside U.S maybe in Europe in 2014 – #BlackRock’s Reider at #UBSforum
What’s the fastest way to get Prez Obama’s #Blackberry out of his hands? Have China’s #Lenovo buy the beleaguered company.
NEW YORK (Reuters) – Fitch Ratings warned on Tuesday it could cut the sovereign credit rating of the United States from AAA citing the political brinkmanship over raising the federal debt ceiling.
“Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default,” the firm said in a statement.