But for now, at least, her speech didn't seem to leave a lot of wiggle room: she said the mutual debt schemes were both "unconstitutional" and "counterproductive".
Main Street investors can buy local currency emerging market debt through a variety of mutual funds, like the Oppenheimer Emerging Markets Debt (OEMAX) and Goldman Sachs Emerging Market Debt (GSDIX).
The buyers of debt (portfolio managers of mutual funds, investment trusts, insurance companies, etc.) need to understand the risk of the bonds that they buy.
The steps here are first swap the remarked bank debt for equity shares in mutual funds while simultaneously selling the remarked bank assets to the mutual funds.
Since longer-maturity bonds offers higher yield in the current market, this kind of debt is mostly purchased by mutual funds, which want to offer a high-yield product to investors.
Burned on Lehman debt, many money-market mutual funds have also stopped buying commercial paper.
Additional rules take effect for mutual funds on January 1, 2012 and for debt instruments, options and other securities on January 1, 2013.
Recent technical changes in Brazilian debt markets, including a requirement that domestic mutual funds mark their assets to market, have unnerved the country's investors.
Equity financed mutual funds are, thus, small banks with zero leverage (debt).
If so, what is needed is greater mutual support: joint Eurobonds to mutualise at least some of the debt, as suggested by the European Commission, and perhaps a change to the statute of the European Central Bank (ECB).
Through mutual friends, he was introduced to Ripplewood Holdings, a small distressed-debt firm.
Aside from ill-advised dealings like issuing WorldCom debt and late-trading shenanigans with the bank's Columbia mutual funds, he has deftly avoided trouble.
Today people can invest in mutual funds and ETFs that offer variable levels of exposure to equities, bonds and even sovereign debt in emerging markets.
PIMCO, as the company that runs one of the largest mutual funds in the world, also has the largest single fund investing in bonds, which indeed includes government debt.
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