Market Insights – August 20, 2018
The World Bank is reported to have made history early last week by being the first issuer to hedge a floati...
Most Recent Resources
After the U.S. increased tariffs on $200 billion of Chinese goods, China announced retaliatory tariffs ranging from 10% to 25% on $60 billion of U.S. goods beginning on June 1st.
Trade Negotiations Intensify
Escalation of U.S./China trade spat, saw the Trump administration increase tariffs on $200 billion of Chinese goods to 25%, sending U.S. equities lower & dragging the S&P 500 down to its worst week.
SOFR Forward Curve: Jump Bootstrapper
The background, methodology, and applicability for Chatham Financial’s SOFR forward curve, taking into account key dates such as FOMC meetings.
Fed Lowers Interest on Excess Reserves
The FOMC held the target range steady at the conclusion of last week’s policy meeting but cut the interest rate paid on excess reserves five basis points.
LIBOR Fallback Language on Bilateral Business Loans
Chatham provided comment on ARRC consultations regarding the fallback contract language for new originations of LIBOR Bilateral business loans.
Read Beyond the Headlines
A strong first-quarter GDP reading and solid corporate earnings releases led U.S. equity markets higher last week with the S&P 500 and Nasdaq reaching record highs.
The Risks of an FX Hedging Program ‘Stuck in the Past’
Is FX Hedging Right for Your Corporation? 5 Questions Your Board Wants Answered
To better prepare the treasury team, this article offers key questions frequently asked by Boards when they are evaluating whether to implement an FX hedging program.
Equities Take a Rest
U.S. equities were little changed from a week prior, save for modest gains by the Dow Jones, amid mixed first-quarter corporate earnings and equally mixed global growth data.
Brexit Deadline Averted
Despite intensifying global growth fears, U.S. equity markets marched higher last week, buoyed by a solid start to first-quarter earnings season and continued progress in U.S.-China trade talks.
Amanda Breslin Named to U.S. CFTC Agricultural Advisory Committee (AAC)
The U.S. Commodity Futures Trading Commission (CFTC) has appointed Amanda Breslin, executive director, treasury advisory for Chatham Financial, as a member of its Agricultural Advisory Committee (AAC)
Progress in U.S.-China Trade Negotiations
U.S. equity markets moved higher last week, as the three major U.S. indices reached 6-month highs on the back of solid domestic economic data and perceived progress in U.S.-China trade negotiations.
Community Banks and Derivatives: Debunking the Four Biggest Myths
As commercial borrowers seek long-term funding, it’s time for risk-averse community banks to examine commonly-held phobia about using swaps.
Chatham Financial Urges Revisions to the Proposed SA-CCR Rulemaking
Chatham Financial today announced that it has submitted a letter urging regulators to reconsider the proposed SA-CCR rule, which may unintentionally impact end users.
Another Quarter in the Books
Capping an end to one of the best quarters in recent memory, U.S. equity markets marched higher last week as investors reacted to U.S.-China trade negotiation developments
LIBOR Fallbacks a Low Priority for Most Bond Investors
LIBOR-backed securities, sold with poor fallback language to apply if LIBOR ceases in 2021, require investors to familiarize themselves with fallback provisions.
Setting Up Treasury at High-Growth Companies: Informed Insights from Chatham Financial
At what point does a high-growth company need a treasurer? Amol Dhargalkar discusses the right time to start or expand a treasury department and how to balance talent and technology for maximum effect
FASB Update Removes Roadblock to Hedging With Derivatives
Complex hedge accounting rules are high on the list of reasons that community banks have chosen to avoid derivatives as risk management tools.
Preparing for Brexit's Impact
How will a hard Brexit affect the application of hedge accounting if a trade is novated? Chatham Financial reviews hedging relationships viewed under US GAAP rules and IFRS.
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