Upcoming Course
Yukyung Choi
Yukyung Choi
Associate Director-Quantitative Research, Credit Risk Analytics
Yukyung started her career as a macro strategist at a pan-Asia hedge fund. She has an M.S. in Statistics from Columbia University.
solutions
Credit Risk Modeling: Moody’s Analytics delivers award-winning credit models and expert advisory services to provide you with best-in-class credit risk modeling solutions.
Portfolio Optimization: Quantify diversification benefits across portfolios and define risk types that inform risk management and active asset allocation decisions.
Weekly Market Outlook: Return of Christmas Past Does Not Impend
More than 20% of the European Union's population is at least 65 years of age. Partly because of an unprecedented aging of the EU's slowly growing population, the average annual rate of economic growth for the EU has slowed from the 2.7% of 2004-2007 to the projected 1.2% of 2019-2020.
Weekly Market Outlook: Next Plunge by Profits to Drive Leverage Up to 2009 High
U.S. business activity has not been exceeding its reach, and that will help extend the long-lived bull market and record-long economic recovery.
Weekly Market Outlook: Equities Advanced for 95% of the Yearly Declines by High-Yield Bond Spread
The market value of U.S. common stock has been setting new record highs. However, U.S. corporate credit spreads for both bonds and loans have yet to approach their lows of the current business cycle upturn, never mind their existing record lows.
Weekly Market Outlook: Improved Market Sentiment Is Mostly Speculative
The dreaded inverted yield curve is gone, but perhaps not for long. Following October 30's paring of the federal funds rate's midpoint to 1.625%, the fed funds rate is less than the recent 1.68% 10-year Treasury yield for the first time since May 2019.
Weekly Market Outlook: Loans Impart an Upward Bias to High-Yield Downgrade per Upgrade Ratio
The credit rating revisions of loan-only high-yield issuers reveal a higher frequency of rating downgrades compared to issuers with outstanding high-yield bonds.
Weekly Market Outlook: VIX, EDF and National Activity Index Go Far at Explaining the High-Yield Spread
There is no one way of statistically explaining the bond yield spreads of high-yield corporate bonds. However, one of the better approaches employs a multi-variable regression model and generates a highly significant adjusted r-square statistic of 0.89.
