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...Other bonds with triple C ratings were issued by cyber security groups McAfee, Cloud Software Group and healthcare services company LifePoint Health....
...European stocks to a record high this week, boosted by blockbuster results from chipmaker Nvidia, which “transformed the mood of the whole global risk market”, according to Deutsche Bank strategist Jim Reid...
...Clips from CNBC, Bloomberg For further reading: The radical changes coming to the world’s biggest bond market Has Gensler’s SEC pushed Wall Street too far?...
...The same is not true at the lower reaches of the credit spectrum, of course, and it is interesting in this context that triple C rated bonds spreads have not rallied to the wild 2021 levels....
...Europe’s riskiest corporate bonds now have an average yield of 19.66 per cent, according to an Ice BofA index tracking regional debt rated triple C and lower....
...More ephemerally, there IS some vague value in ensuring that the difference between Treasury bonds and Treasury futures is small. Really!...
...Sure, a CCC-rated PIK bond looks better than a defaulted bond in your portfolio. But, as S&P puts it when explaining why U.S....
...“The government wants to use the regulated asset base model to fund everything from Sizewell C [nuclear power plant] to the energy transition,” said one adviser close to the negotiations at Thames Water....
...Windhorst has the network of high-powered contacts befitting a consummate survivor, with his Rolodex including everyone from reformed junk bond king Michael Milken to Hollywood A-lister Michael Douglas....
...A bond issued by the heavily indebted French telecoms group Altice, yielding 29 per cent and maturing in May 2027, has the largest weighting in Europe’s triple-C high-yield gauge, at 4.7 per cent....
...“A positive sloping yield curve promotes animal spirits . . . lending, and all things that are usually growth positive,” says Jim Reid of Deutsche Bank....
...There’s a far-fetched but intriguing (and unnerving) line in this morning’s note from Deutsche Bank’s strategist Jim Reid, after the obligatory mention of golf: His emphasis below: The bond vigilantes...
...We did get calls from folks saying, why don’t you own more triple-C’s? And then there would be periods of time where volatility would spike and these triple-C-only managers would blow up....
...Unhedged: Does the logic you just laid out hold for the riskier ends of the credit spectrum, such as in triple-C high-yield bonds or leveraged loans?...
...Bond, Long Bond (29.5 points) 19. Lowered Expectations (29 points) 20. Financial Titans (28 points) 21. Alternative Coupon Satisfaction Mechanism (27.5 points) 22 (tied)....
...Moves were more pronounced for the riskiest end of the credit quality spectrum, with the spread for borrowers rated “triple C and lower” expanding by 0.28 percentage points — the biggest daily widening since...
...points to 4.26 percentage points — the biggest one-day spread widening since May.Moves were more pronounced for the riskiest end of the credit quality spectrum, with the spread for borrowers rated “triple C...
...Russ Koesterich, a portfolio manager at BlackRock, said the surge in bonds and stocks after Wednesday’s Fed meeting suggested the market was getting ahead of itself....
...And as DB’s Jim Reid pointed out today, the ca 4.5 per cent yield that 10-year Treasuries currently offer is bang-on the (very) long term average since 1790 . . ....
...to c.$1.2bn....
...S&P rates EDF as BBB compared with AA for French government bonds....
...Look at triple-C’s [where average spreads are nearly 10 per cent, right in line with historical averages], for example....
...to a collapse of the world’s most important bond market, with severe implications for the wider financial system....
...out by delivering the bond,” Griffin said....
...In other words, too-high interest rates can cause plenty of problems: Corporate debt strains, bank bond-portfolio losses, job losses, etc....
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