dunno if it's them all the time but sick of that one as well as the fat one .
old, stale
>fuck famefags
BlackRock Is About to Find Skeletons in $45 Billion Bond Market
BlackRock Financial Markets Advisory, a unit of the world’s biggest asset manager, was just hired to help Sweden’s Riksbank figure out how to buy into an asset class that recently suffered its worst rout since the financial crisis. Against the backdrop of a dispute with parliament over the legality of such purchases, the Riksbank has pledged to acquire parts of Sweden’s $45 billion krona-denominated corporate bond market. Besides questions of legality and issuer angst, there are basic concerns about market dysfunction. Many issuers have started relying more on bank credit instead of bonds. And investors are wary of a market whose recent crash was in part caused by excess representation of some high-risk industries, such as real estate. Back in March, the failings of Sweden’s corporate bond market were forced into plain view as 35 credit funds resorted to gatings to halt a client exodus.
i.e.-everything is valued at mark-to-model so you can't have your money until it comes back because we can't switch to mark-to-market Investors say the Riksbank’s presence in the market would make a repeat unlikely. Meanwhile, Sweden’s credit market is getting riskier. An increasingly large share is junk-rated or unrated, and these issuers have found it impossible to raise funds since March.
“The high yield market in Sweden has not yet opened,” said Nordea’s head of debt capital markets, Antti Saha.
https://www.bloomberg.com/news/articles/2020-05-24/blackrock-is-about-to-find-skeletons-in-45-billion-bond-market