Following last week’s release of the Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR) scenarios for 2021, join Mark Zandi and the Moody’s Analytics team as they discuss the CCAR scenarios.
The group will also consider the stress test scenarios recently released by Prudential Regulatory Authority in the U.K. and European Bank Authority in the European Union.
Our experts will answer key questions, including:
• How severe are the stress test scenarios?
• Are the scenarios internally consistent?
• What are possible narratives driving the scenarios?
• How do this year’s scenarios compare with last year’s?
• How do the Fed, PRA, and EBA scenarios compare with each other?
Following the recessions of 1990-1991, 2001, and 2008-2009, the U.S. high-yield default rate peaked at June 1991's 12.3%, January 2002's 11.1%, and November 2009's 14.7%.
After a soft end to 2020 and a difficult start in 2021, the global economic recovery is projected to gain momentum in the coming year supported by the coronavirus vaccine rollout.
Markets now fret over the possibility that massive amounts of fiscal and monetary stimulus may damage future financial conditions and economic performance.
Moody's Analytics' average expected default frequency metric of U.S./Canadian high-yield issuers, or high-yield EDF, recently sank to 2.36% for its lowest reading since the 2.35% of early October 2018.
Moody's Analytics & Raymond James In Conversation: The Year Ahead - Current Economic Outlook & Policy Update
Join us for the kick-off event in our webinar series: Moody’s Analytics & Raymond James in Conversation where we will discuss the outlook for the U.S. economy, policy under the Biden administration and its impact on banking / lending.
Industrial commodity prices have climbed higher in response to both an actual and anticipated firming of global industrial activity.
Despite the COVID-19 global recession, corporate bond issuance thrived in 2020.
The pandemic has hit the nation's most vulnerable communities hard. Not only have they been more likely to get sick, but they have been more likely to lose their income and savings, and now they are more likely to be evicted.
While the new year has gotten off to a difficult start, it should end well.