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...“Who is going to want to buy an infant formula business?”...
...After all, the rich who can afford to buy so much of what is on offer are increasingly looking for rules to restrict what they eat, drink and do....
...Junk ratings from two of the three leading credit agencies would end Panama’s investment-grade status....
...Credit rating agencies have downgraded the group’s debt to junk status and warned of its poor liquidity amid high cash burn....
...Junk bond yields have been inching up overall, tracking the rise in Treasuries and investment grade debt....
...This marks the first time that European ETF investors have favoured “junk” bonds in their home market over the US since 2019....
...The issue received added public attention when music fans trying to buy tickets for Taylor Swift’s Eras tour complained of hidden fees....
...In 2018, the GPIF — the largest fund of its type in the world — adjusted its investment policy to allow it to buy yen-denominated bonds rated below BB, and therefore “junk” status....
...Among the bigger companies are Copart and Insurance Auto Auctions, which auction off junked cars; LKQ, which sells salvaged parts to repair shops and retail customers; and Boyd Group Services, which buys...
...The mechanism would allow the state to buy the sensitive business if they did not approve of the future owners....
...The investment advice here really is to ignore rating agencies, buy anything that’s low-priced and doesn’t trade much, then look to sell it wherever oenophilic hicks and greedy yokels gather....
...It will also receive warrants to buy additional non-voting shares at $2.50 per share....
...The money was raised in order to buy back most of a separate bond that threatened to strain the country’s roughly $7bn foreign reserves when it came up for payment in June....
...They said the “best comparison” to Bankman-Fried was the “junk bond king” Michael Milken, who served just two years after pleading guilty in 1990 to violating US security laws before going on to become a...
...President William Ruto’s government said on Wednesday it would use the proceeds of a sale of new seven-year debt to buy back investors’ holdings of an existing bond that matures in June....
...Little rides on the nothingburger question of whether Wendy’s might vary the price of junk food....
...There’s a curious scene in Michelangelo Antonioni’s Blow-Up (1966) where the film’s protagonist strides into a junk shop and buys a wooden biplane propeller for no real reason except, perhaps, that it looks...
...Corporate America is feeling the pinch from the slowdown in Wall Street’s $1.4tn market for junk-rated loans, with a growing list of companies forced either to pay more or abandon borrowing plans....
...Ivory Coast also intends to buy back portions of bonds maturing in 2025 and 2032, according to the memorandum. The country’s finance ministry did not immediately respond to a request for comment....
...That shrinkage has left investors with less choice about what they can buy and has pushed some fund managers to purchase bonds they might not otherwise have picked....
...Honestly though, who in their right mind thought it was a swell idea in September 2021 to buy high-yield bonds — or “junk bonds” — when they were yielding less than a piddling 4 per cent?...
...“No one wants to lend, no one wants to buy,” said one veteran real estate investor. Meanwhile, there may be worse to come....
...Harriet Clarfelt There’s an argument that with the sort of shrinkage or contraction of the junk bond market, there’s just less stuff out there for investors to buy....
...They do not mind curbs on eco-protests they are unlikely to attend but do not wish to be ordered to lose weight or buy an electric car....
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