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"However, Trichet failed to deliver the bond purchase announcement, leading disappointment among traders and moderate spread widening".
In Myanmar, where Facebook is so dominant that it is often confused for the internet itself, the social network has been blamed for allowing hate speech to spread, widening longstanding ethnic divisions and stoking violence against the Rohingya ethnic group.
Hotels in gateway cities continue to shine, rising 15.3percentt year over year compared to 2.2percentt for hotels in non-gateway cities. Hotel operating performance scaled by price is still in the black based on economic value analysis (EVA), with returns continuing to exceed borrowing costs (for debt), and with the spread widening.
The spread widening since January would have cost you about 5% of the value of such a bond.
Everyone tried to reduce exposure to spread widening by selling short some kind of credit-sensitive instrument, mainly interest-rate swaps.
Wachovia warned in its filing that the market for collateralized debt obligations remains tough: "(It was) extraordinarily volatile in the first week of November, with additional rating agencies' downgrades on subprime residential mortgage backed securities and asset-backed securities CDOs, and credit spread widening and illiquidity".
Similar(53)
But in poor countries, this spread widens to alarming proportions.
In the fourth quarter of 2008, that spread widened to more than 6 points.
When that spread widens it means that Treasuries are outperforming the other markets.
At the height of the global credit crisis, the TED spread widened to more than 4.6 percentage points.
The spread widens when Gucci and other luxury-goods makers sell directly to the public and reap retail prices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com