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...Bond fund giant Pimco is holding a smaller than usual position in US Treasuries and prefers the bonds of countries such as the UK and Canada, as it believes inflationary pressures may lead the Federal Reserve...
...This exposure has increased by £800mn over the past year, which the company told the Financial Times was primarily because of the “inflation indexing” of the bonds it has insured....
...“I have sat here for 22 years as the chair and CEO of this company since we went public and I’ve seen nothing but competition. So this is no different....
...BNP Paribas is betting momentum in its investment bank will help drive earnings growth this year even as its bond traders underperformed Wall Street peers in the first quarter....
...The hedge fund has stayed clear of bonds at Thames Water’s holding company Kemble, however, which sit outside the regulatory ringfence and are trading at less than 15 pence....
...The group of senior class A and subordinate class B bonds are securitised at the operating companies....
...Companies from a range of industries have sold bonds this year. The financing businesses of various high-grade car groups have tapped lenders across multiple deals, including Ford and Toyota....
...But the company’s working capital needs have also become substantial. It needs short-term cash. Enter a suddenly hot convertible bond market....
...Normally Alphaville doesn’t care too much about insurance company results, but Allianz’s ownership of Pimco — the biggest bond investment group in the world — makes it a good way to understand broader fixed...
...Investment-grade companies alone have issued a record $561bn in dollar-denominated bonds year-to-date, according to data from LSEG, the largest volumes seen since at least 1990....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...The move to raise $500m in art-backed securities comes at a moment of deep distrust of Drahi in the bond market, however....
...Other bonds with triple C ratings were issued by cyber security groups McAfee, Cloud Software Group and healthcare services company LifePoint Health....
...Are the railways a good enough company to justify the pricing premium over Ukraine’s sovereign bonds? Have these state-owned companies somehow become profit machines during the war?...
...The bond posting came as a gag order against Trump was extended for comments he posted on his social media network about a judge’s daughter....
...Contracts for two of its bonds — due in 2026 and 2027 — require the company to report its results “within 15 days after the Company is required to file the same with the Commission”, in addition to the 15...
...companies that are not offering bonds”....
...The former president’s team had spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote, but had concluded that “very few bonding companies will consider...
...to obtain the full amount from an insurance company....
...charged for the bond....
...Bond yields have “come down enough from their peak that we see demand [from companies and households] for credit going forward”....
...said gilt purchases in the first three months of 2024 were three times higher than the same quarter last year, with gilts “by far and away” its most popular fixed-income product, according to Tom Lee, the company...
...In 2021, many companies issued bonds that paid zero interest and would only convert to stock if the company’s share price increased by more than 50 per cent....
...Even junk-rated companies, which aren’t considered the safest borrowers, aren’t considered to be distressed until their yields reach 10 percentage points above the risk-free benchmark....
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