Default
in sentence
1154 examples of Default in a sentence
In other words, nearly two-thirds of bonds are from companies at a higher risk of default, including many US retailers.
To be sure, MGI finds that in advanced economies, less than 10% of bonds would be at higher risk of
default
if interest rates were to rise by 200 basis points.
Even at historically low interest rates (before the US Federal Reserve raised its benchmark rate to 1.75-2% on June 14), 18% of bonds (worth roughly $104 billion) outstanding in the US energy sector were at higher risk of
default.
Already, 25-30% of bonds in these markets have been issued by companies at a higher risk of
default
(defined as having an interest-coverage ratio of less than 1.5).
In China, one-third of bonds issued by industrial companies, and 28% of those issued by real-estate companies, are at a higher risk of
default.
Corporate defaults are already creeping upward in China; and in Brazil, one-quarter of all corporate bonds at a higher risk of
default
are in the industrial sector.
With the global corporate
default
rate already above its 30-year average and likely to rise further as more bonds come due, is the next global financial crisis at hand?
That is why regulators and policymakers should continue to monitor existing and potential risks, such as those arising from credit
default
swaps on corporate borrowers or complex securitization of bonds.
When financial markets discovered that supposedly riskless government bonds might be forced into default, they raised risk premiums dramatically.
In South America, the big crunch came after Russia's
default
of August 18, 1998.
A “Speech of Hope” for Greece would make all the difference now – not only for us, but also for our creditors, as our renaissance would terminate the
default
risk.
Greece’s Soft Budgets in Hard TimesBRUSSELS – The first de facto
default
of a country classified as “developed” has now taken place, with private international creditors “voluntarily” accepting a “haircut” of more than 50% on their claims on the Greek government.
The purpose of the entire package is to avoid a full-scale
default
and allow the country to complete its financial adjustments without overly unsettling financial markets.
In August 1982, Mexico threatened to default, and was quickly followed by other large borrowers, notably Argentina and Brazil.
A
default
contagion would have brought down the banking systems of all the major industrial countries, and caused the world to relive something like the financial crisis of the Great Depression.
In this case, the government faces the temptation to
default
on its foreign debt, while its citizens can still enjoy the returns from their foreign assets.
This is not, however, a testament to the dollar’s role as a reserve currency – after all, the fiscal gap is a bill that needs to be paid, and creditors would regard any attempt by the US to devalue the repayment by printing money and stoking inflation as tantamount to
default.
The International Monetary Fund has recognized the danger, approving a $17 billion loan in April to stabilize the economy and avert
default.
Instead, continuing conflict has complicated risk assessments and curtailed Kyiv’s access to external finance, raising the likelihood of a disruptive debt
default.
This approach would give the country more time to pay without forcing it into
default.
In response to their pressure, the Fund gave itself the right to lend to a country whose debt is of questionable sustainability whenever
default
supposedly threatens the international system.
And who before July 1998 thought that a Russian
default
would trigger global financial panic?
Have the Europeans decided that sovereign
default
is easier, or are they just dreaming that it won’t happen?
There, too, governments widely “guaranteed” private-sector debt, and then proceeded to
default
on it.
Credit
Default
Swaps on TrialCHICAGO – The lawsuit filed by the US Securities and Exchange Commission against Goldman Sachs for securities fraud, charging the bank with misrepresenting the way a collateralized debt obligations (CDO) had been formed, has revived public disgust at credit
default
swaps (CDS), the instrument used to bet against these CDOs.
After all, isn’t it the fault of the CDS market’s avaricious speculators that Greece was on the verge of
default
and that Greek public employees have had to endure deep wage cuts?
Because contracts are linked with each other, one
default
can trigger an avalanche of broken promises, “[making] it possible to destroy virtually the entire web of formal and informal contracts which the market system requires for its functioning.”
The "donors" do not cut off aid flows because they know that their past loans would fall into
default
if new money is not delivered to the countries to repay the old debts!
If negotiations between the “troika” (the European Commission, the ECB, and the International Monetary Fund) and the new Greek government succeed, the result will be a face-saving compromise for both sides; if no agreement is reached, Greece will
default.
Though no one can say what a Greek
default
would mean for the euro, it would certainly entail risks to the currency’s continued existence.
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