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...If you put $1,000 into a stablecoin, the operator should invest it in an asset such as Treasuries but it, not you, will pocket the yield....
...The US two-year yield has risen 37 basis points in the past two months, and more are talking about the possibility of zero Fed cuts this year....
...The yield. Anyway, back to the S&P report. They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...According to Sheeran, his busy recording schedule is the result of a fruitful meeting of minds with Dessner, which produced a surfeit of songs. But the two resulting albums are different....
...The global tally for high-yield ETFs totally eclipsed the previous record of $8.6bn set in April 2020, set as markets recovered from pandemic lockdown shocks....
...One measure is the impact on long-dated bond yields. Whereas QE may depress long yields by as much as 100 basis points, QT barely tightens financial conditions....
...On the upside, meanwhile, the Bank of Japan has been clearly signalling its intention to “normalise” its monetary regime and finally jettison the policy tools (negative interest rates and yield curve control...
...Investors have been snapping up the debt of some of the eurozone’s most indebted countries to lock in attractive yields, as the traditional dividing lines between the bloc’s riskier and safer bond markets...
...Read the full story here Chart of the week European investors have been piling into the region’s risky corporate bonds to scoop up the chunky yields on offer, as they grow more confident in companies’...
...A new Big Read looks at how infrastructure has become a favoured area for investment, for example from pension funds looking for yield and protection against market volatility....
...“A fee skirmish broke out in high-yield index ETFs in July, when [Charles] Schwab entered the high-yield bond market at the same price as the lowest-cost high-yield bond ETF [State Street’s high-yield bond...
...The real-life experience of LBOs in the department store space has been much less fruitful, with post-LBO Neiman and Belk landing in Chapter 11, while other outside-influenced department stores have also...
...Stocks fell, futures markets further lowered rate cut expectations, and yields surged across the curve, led by the two-year which was up 23bp....
...This divide is clear in the data, with the median dividend yield of 3.58 per cent for active funds as of October, well below the 5.34 per cent of passive funds. Two ETFs even had double-digit yields....
...The valuation looks a bit nutty: 80% of revenue is [Apple’s] hardware yet the stock trades on a software multiple; UBS, even in 2027, forecasts just 4.3% FCF yield....
...Financing is less abundant when the safest bonds and money-market funds pay a decent yield....
...That appeal peaked between 2009 and 2021, when interest rates in much of the world were at rock-bottom and investors for whom bonds had conventionally been the go-to asset class for yield were forced to...
...Investors took the comment as a signal that the central bank’s long awaited “normalisation” of policy after eight years of negative interest rates and yield curve control, would not unleash the sort of interest...
...percentage point rise in gilt yields....
...That’s a lot of yield coming into the system! And investors don’t have to go out on the yield curve; you can stay in the front....
...On farms in PepsiCo’s supply chain in India, yields have increased 3 per cent while greenhouse gas emissions have fallen 20 per cent, and in Thailand yields have increased 18 per cent with a 36 per cent...
...The latter’s share price reaction — up nearly 10 per cent on the announcement — suggests a real transfer of value. Yet the messy process leaves much to be desired....
...You could extinguish the entire global high yield bond market (ok one of these isn’t true)....
...High-priced dealmaking failed to yield compensatory sales growth, cost savings or serious disruption to incumbent banks or payment networks....
...For now, though, there seem to be plenty of willing bond buyers out there, ready to lock in decent yields....
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