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...As banks’ capital positions and profitability improve, risk premiums will continue to shrink and AT1s will become tools to allow flexible management of capital mix....
...None of the sovereign issuers in its sample commit to only making new investments....
...That premium has since gone down, but the Ukrenergo still trades at about a 15 per cent premium over a comparable sovereign bond. What the hell?...
...Investment grade issuers are seen by analysts as unlikely to default, while the quality of issuers in the junk bond market is seen as having improved....
...“We’re starting to find our sea legs a little bit as an ETF issuer,” explains Bryon Lake, global head of ETFs for JPMorgan Asset Management....
...According to JPMorgan, this boom was driven in part by the passage of the SEC’s 2020 Derivatives Rule, which made it easier for ETF issuers who comply with new leverage and risk management requirements to...
...That translates into a spread — the premium paid by companies over government debt issuers — of more than 18 percentage points....
...Those rocky periods have increased the appeal of the downside protection embedded in buffered ETF, meaning more investors are willing to pay a premium for exposure to US equities in a structure that limits...
...Hence, huge price premiums remained, even though they are simply not meant to exist for ETFs....
...Card issuers also have to pay back retailers within days, versus 30 days in Brazil....
...In one of the more extreme cases, Airbnb borrowed with a so-called conversion premium of more than 70 per cent....
...Since 2010, borrowing costs for oil and gas companies in the US and Europe have largely mirrored those for other debt issuers, except for during sharp falls in commodity prices, according to analysis by...
...“It’s a lot cheaper for [issuers] to borrow now than it was just a few months ago,” said Matt Brill, senior portfolio manager at Invesco Fixed Income....
...As yields have fallen, the premium over Treasuries paid by corporate borrowers to issue debt has also dropped rapidly, as investors’ appetite for risk has increased....
...“It’s sensible to assume that there would be some risk premium over a UK gilt, to take account of lower liquidity, a less tried and tested issuer and potentially murkier public finances,” said Nick Chatters...
...Triple C issuers listed on Ice BofA’s index include Dish, the TV group that recently merged with EchoStar....
...“We are very negative about our entrepreneurs and our listed issuers,” said Bryce Elder, FT Alphaville’s City editor and the author of this post....
...The prospect of cuts has more pronounced implications for floating-rate loan issuers than for fixed-coupon bond issuers, said Andrzej Skiba, head of Bluebay US fixed income at RBC Gam....
...While default is highly unlikely, the increasing risk of US Treasuries is likely to be manifested primarily at the long end of the curve as market participants demand a higher term premium. 3....
...Reiner encouraged newer covered call ETF issuers to be “slightly creative” when designing products and said he was “not really against them, but I’m also not rooting for them”....
...The sharp increase has put particular pressure on loan issuers, whose debt payments typically float up and down with prevailing borrowing costs....
...An investigation published by The Intercept in 2018 described how users were swapping bitcoin for gift cards on peer-to-peer marketplaces at a premium to the market price....
...The bureau also said that smaller credit card issuers offered cheaper interest rates compared to larger rivals, including Capital One....
...ETF issuers in Europe have embraced the idea, notably another firm with US origins, Global X....
...Credit spreads, which represent the risk premium demanded by investors to hold a corporate rather than a Treasury bond, are set by the market’s assessment of an issuer’s perceived level of risk....
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