wazua Wed, Apr 25, 2018
Welcome Guest Search | Active Topics | Log In | Register

264 Pages«<262263264
Investors Lounge
lochaz-index
#5261 Posted : Tuesday, April 03, 2018 8:00:42 PM
Rank: Member


Joined: 9/18/2014
Posts: 780
wukan wrote:
lochaz-index wrote:
Quote:
Mozambique said it was unlikely to begin repaying debts that were plunged into default by its $2bn hidden-loans scandal until well into the next decade, as the impoverished southern African nation pushed back hopes for a natural-gas bonanza.

Quote:
Mozambique only expects to receive significant tax revenues from natural-gas projects in the late 2020s to help pay off its debts, much later than previously forecast, Mr Maleiane said on Tuesday.

Tuesday’s offer would see Mozambique only begin to repay the majority of its bonds after 2028. Investors said that the proposal amounts to an effective haircut of about 50 per cent on the debt.

Sovereign debt crisis is well and truly on. Investors will rue yield chasing that was the hallmark of international debt markets for the past decade.


Interesting times lay ahead for African sovereigns. Questions is are investors chasing yield? After QE, stocks are bought for yields and bonds for capital gains.

Not necessarily. The EM/FM play is purely yield chasing as a reaction to QE in AMs. Pre 2016, capital gains were almost a guarantee in any market. Since then the tide has turned and capital gains can only be obtained by being extremely choosy (symptoms of a frothy market) and EM/FMs continue to provide superior yields to say stocks in the Dow or Dax with both giving better capital gains in the same time frame. Once the yields start to reflect default risk that will be very interesting.
The main purpose of the stock market is to make fools of as many people as possible.
Mukiri
#5262 Posted : Saturday, April 14, 2018 8:56:29 PM
Rank: Elder


Joined: 7/11/2012
Posts: 4,977
Effect of air strikes on the market?
Seek yeah first...
wukan
#5263 Posted : Sunday, April 15, 2018 10:04:28 AM
Rank: Member


Joined: 11/13/2015
Posts: 600
Mukiri wrote:
Effect of air strikes on the market?


This was more of american dinner time entertainment so no serious effect
Mukiri
#5264 Posted : Sunday, April 15, 2018 7:33:55 PM
Rank: Elder


Joined: 7/11/2012
Posts: 4,977
wukan wrote:
Mukiri wrote:
Effect of air strikes on the market?


This was more of american dinner time entertainment so no serious effect

Is it? History has it, that where war was declared, (US) markets have soared.
Seek yeah first...
iris
#5265 Posted : Monday, April 16, 2018 11:02:34 AM
Rank: Member


Joined: 9/11/2014
Posts: 192
Location: Nairobi
No war has been declared. More like a Trump thing to detract from his mounting woes..
alutacontinua
#5266 Posted : Monday, April 23, 2018 7:43:08 PM
Rank: Member


Joined: 3/23/2011
Posts: 303
https://www.cnbc.com/201...ions-on-the-agenda.html

US 10yr right around the 3% level(highest level since Jan 2014) has dollar bears in a tight squeeze. Going to be an interesting couple of days to see how the stock market reacts to a break and hold above this key level...
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
Users browsing this topic
Guest (3)
264 Pages«<262263264
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2018 Wazua.co.ke. All Rights Reserved.