Advisories

 

Advisories
July 21, 2008
During the current, unprecedented turmoil in the corporate cash markets, it is important to take a step back and investigate how today's liquidity issues occurred and what treasurers, CFOs and other corporate cash investors can do to prevent a relapse in the future.
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Advisories
July 14, 2008
In light of mounting financial pressure against Fannie Mae and Freddie Mac, and a quick series of federal steps this weekend aimed at supporting the two government sponsored mortgage giants, SVB Asset Management wants to provide our clients a clearer perspective of the situation, especially with regard to the general safety of agency investments.
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Advisories
March 31, 2008
Returns for our clients who invest primarily in short-term securities are driven mostly by Fed policy.
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Advisories
February 21, 2008
What was pledged by supporters a few weeks ago as a situation that could "never" occur seems almost like old news today: Auction Rate Securities of all forms are failing at a daily rate between 70 to 80 percent or between $15 to 25 billion.
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Advisories
August 15, 2007
In the world of corporate cash management investments, there is the $260 billion1 auction rate securities (ARS) market, and there is everything else.
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Advisories
June 14, 2006
In our advisory letter dated April, 2005 and titled Auction Rate Securities, we highlighted several factors that had prompted us to scrutinize the auction rate securities (ARS) market and its suitability for investors with liquidity and capital preservation as key elements of their investment objectives. We are providing this analysis as an update to our previous advisory.
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Advisories
April 12, 2005
This is an update to a prior research note on Auction Rate Securities (ARS) in which we expressed some concerns over a weakening liquidity dynamic in this $210 billion market.
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Advisories
July 28, 2004
Following the launch of an SEC investigation into the $210 billion auction-rate bond market last month, SVB Asset Management and our clients have experienced a significant increase in the calls from dealers selling auction-rate bonds.
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