Business
Challenger comes unstuck amid credit spread crunch – The Australian Financial Review
Challenger has lowered its profit forecast and pledged to rein in overly-generous annuity pricing after it was wrong-footed by an unexpected crunch in credit spreads…
The March quarter marked the worst quarterly loss for the $10.6 trillion US corporate bond market since the 2008 global financial crisis.
Corporate bonds are priced at a spread, or a premium, above the risk-free government bond rate, to compensate investors for the added risk of a companys potential to default. However, with the economy in such a strong position out of the coronavirus pandemic, and with trillions in stimulus sloshing around financial markets, corporates are well-positioned to price…
-
Noosa News17 hours agoHow Lily Steele-Park took her rapist to court and won
-
Business22 hours agoFord CEO makes stunning prediction about artificial intelligence
-
General23 hours agoRush to buy homes before rate cuts send prices soaring
-
Business20 hours ago5 things to watch on the ASX 200 on Tuesday 8 July 2025