Increased term premia in the US since the onset of anticipated tapering seem to have raised term premia everywhere except Chile.
There were regular events where experts talked about: fund raising, term sheets, constructing a team, product development, establishing biz dev partners, M&A, dealing with the press, etc.
While the public markets are raising short-term doubts, the long-term investment thinking remains unchanged.
He continued: "I think an independent Scotland would be in a much more difficult situation in terms of raising finance, in terms of its debt and its borrowing".
The Fed has been raising short-term rates but does not control long-term rates, and these have simply not tracked higher.
Most forecasters do not expect the Federal Reserve to resume raising short-term interest rates for many months, and so long-term rates have slipped downward again.
The Federal Reserve has been raising short-term rates, and is likely to raise them some more.
They are raising longer-term capital and so stretching their investment horizons.
Even the most solid-looking banks are having trouble raising long-term debt.
Ending quantitative easing and raising short-term rates will surely cause the stock market to crater.
That will ease the pressure, but banks also need help raising longer-term debt.
