BNET Business Dictionary
Business Definition for: Brady Bond
- a bond issued by an emerging nation that has U.S. Treasury bonds as collateral. It is named for Nicholas Brady, banking reformer and former Secretary of the Treasury.
Additional Resources
- Can Liquidity Risk Be Subsumed in Credit Risk? A Case Study From Brady Bond Prices
- The paper applies a reduced-form model to uncover from secondary market's Brady bond prices, together with Libor interest rates, how the risk of sovereign default is perceived to depend upon time. It is shown that subsuming liquidity risk in default risk may result in a misspecified model that, while generating...
- White papers 2001-07-01
- rush to securitize Asia's bum loans, The
- The great lesson of the 1980s' Brady bonds was that unpayable loans can be metabolized most readily by turning them into tradable securities in the capital markets. With the Brady bond era now winding up major Latin American countries have been refinancing their Brady bonds with conventional sovereign issues, the...
- Research articles 1998-04-01
- J.P. Morgan introduces extension of its Emerging Markets Bond Index
- NEW YORK--BUSINESS WIRE--July 12, 1995--J.P. Morgan (NYSE:JPM) today launched a new tool for emerging markets investors, called the Emerging Markets Bond Index Plus (EMBI+), that tracks total returns for traded external debt instruments in the emerging markets. The instruments include external-currency-denominated Brady bonds, loans and Eurobonds, as well as...
- Research articles 1995-07-12
- J.P. Morgan Emerging Markets Bond Index Plus gained 3.88% in May, Emerging Local Markets Index up 0.95%
- NEW YORK--BUSINESS WIRE--June 4, 1997--The J.P. Morgan Emerging Markets Bond Index Plus (EMBI+) rose 3.88% in May - its second straight monthly gain - bringing its year-to-date return to 7.79%. The Fed's decision to leave interest rates unchanged and Brazil's announcement of a Brady debt exchange boosted the market,...
- Research articles 1997-06-04
- RBA hike helps fuel Wall St rally
- US shares rallied today after Australia's decision to raise interest rates boosted confidence in the global economic recovery. Investors also appeared increasingly optimistic about the start to third-quarter earnings season, with Alcoa and Chevron pacing all 30 Dow components into the green.Stocks leapt higher at the opening bell after a...
- News items 2009-10-08
- Take on the Ticker.(Business)
- David Brady - RESIDENCE: Naperville - PROFESSION: Co-manager and senior vice president, Liberty- Stein Roe Large Company Focus Fund and Young Investor Fund. - Is the bond market negatively discounting a Bush presidency? "The bond market overall...
- Research articles 2000-08-06
- US FTC: Marketer of bogus impotence treatment products agrees to settle FTC charges; US$6m required.
- 3 M2 PRESSWIRE-4 May 1999-US FTC: Marketer of bogus "viagra-like" impotence treatment products agrees to settle FTC charges; six million dollar bond required C1994-99 M2 COMMUNICATIONS LTD3 RDATE:030599 American Urological Corporation and several other companies have ...
- Research articles 1999-05-04
