Tuesday, November 22, 2011

Ratings changes lag the market.

An important aspect of bond ratings is that when they are changed they usually lag the market.  In other words, investors usually price the declining credit quality of the bond into yields before the ratings agencies get around to issuing a new rating.  Case in point:  France.

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What's going on with inflation?

I recently posted an article on the Poole College Thought Leadership page titled: " What's going on with inflation?" .  This w...