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  • CFOs are not doing enough to prepare for the new regulatory standards which could jeopardise financial transparency and investor confidence.
  • By any measure the Asian equity markets have enjoyed a storming run in recent months. The benchmark Hang Seng index in Hong Kong is up 32% since January, while even Japan's moribund Nikkei 225 has shown a 17% increase since the beginning of 2003.
  • CFOs are not doing enough to prepare for the new regulatory standards which could jeopardise financial transparency and investor confidence.
  • By any measure the Asian equity markets have enjoyed a storming run in recent months. The benchmark Hang Seng index in Hong Kong is up 32% since January, while even Japan's moribund Nikkei 225 has shown a 17% increase since the beginning of 2003.
  • Demand for agencies remained strong this year despite an ongoing investigation of Fannie Mae's books, as spreads remained stable amid a positive technical backdrop.
  • >> Low-Quality Junk Deals Dominate
  • Collateralized debt obligation sales jumped to more than $73 billion in the U.S. this year, about 17% higher than last year according to Credit Suisse First Boston data.
  • The asset-backed market in Europe came into its own in 2004, totaling close to €210 billion for the year, up 30% over 2003 and on a par with issuance in Europe's well-established covered bond market.
  • High-yield investors spent much of the year fighting for allocations in low-quality deals in a bid for yield, while at the same time complaining about loose covenants, tight pricing and the use of proceeds.
  • Hillswick Asset Management will put new cash to work in 20-year Treasury strips.
  • In lieu of sending out Christmas gifts and cards, Markit, previously called Mark-It Partners/LoanX, is planning to re-build a secondary school in Malole, Zambia.