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REITs come under selling pressure, losses to mount

Real estate investment trusts (REITs) that purchase mortgage-backed securities are playing a prominent role in the current market turmoil, dumping their holdings in response to margin calls by their banks. The mortgage Reits entered the coronavirus crisis owning an estimated $500bn of bonds backed by property loans and have come under pressure because they use […]

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Junk Bonds Face Wave of Defaults and Investor Losses

As the Wall Street Journal noted this morning (‘Investors, Fearing Defaults, Rush Out of Junk Bonds’), “the specter of widespread corporate defaults in the coming months has caused a massive selloff in junk bonds around the world, as many debt-laden companies face the prospect of going weeks or months with virtually no revenue.” In fact, […]

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Aidikoff, Uhl & Bakhtiari announces investigation of Morgan Stanley trading platform shutdown

Morgan Stanley Wealth Management’s technology systems crumpled today, preventing brokers and clients from viewing account information and placing orders. “[O]rder entry and order status continues to experience issues and may be unavailable,” the company said in a message sent to wealth management “field and operations” employees at 12:49 pm Eastern Standard Time. In a subsequent […]

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Oil & Gas Investment Losses

As the Wall Street Journal noted this morning (‘The Oil Crash is Hitting this Investment Hard’), “the plunge in crude-oil prices is sending shock waves through closed-end funds tracking the energy sector, highlighting how the market turmoil is hitting products popular with ordinary investors seeking to boost returns during the long bull market. Shares of […]

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ED&F Man Capital Markets Inc. hit with margin calls

ED&F Man Capital Markets Inc. has been hit with growing demands to post more capital to cover souring hedges in its mortgage division, according to Bloomberg, citing people with knowledge of the matter. Requests are coming from central clearinghouses and exchanges, forcing the firm to put up almost $100 million on Friday alone. ED&F has […]

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