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...BondBloxx has rolled out three ETFs that offer exposure to triple B rated corporate bonds....
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...“It’s not like triple C is a diversified index,” said Jeremy Burton, US high-yield and leveraged loan manager at PineBridge Investments....
...Fitch Ratings downgraded Vanke in October from triple B plus to triple B, citing weaker than expected sales....
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
...Heavier demand for syndicated loans helps investment banks compete with direct lenders on price....
...Analysts estimate Opec+ has about 6mn b/d of spare capacity it can unleash on to global markets to lower prices if they spike into the triple digits to prevent demand destruction....
...Here, for example, are triple-B spreads (lowest rung of investment grade) and double-Bs (highest rung of junk): Ethan wrote about tight spreads six weeks ago, and concluded that, as crowded as the corporate...
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...liquidation price of about 8 cents on the dollar, could triple in value when a restructuring was completed....
...In a Monday update, the rating agency moved Ford up to triple-B minus from double-B plus....
...In a Friday update, the rating agency upgraded Greece to triple-B, the lowest level of investment-grade on the credit quality spectrum....
...Companies rated single-B and below have $200bn in debt due in 2024-25 and about $1.1tn in 2024-28, and some dealmakers believe a wave of bankruptcies and firms turning over their investments to their lenders...
...Spreads over Treasuries of triple-B (lowest rung of investment grade) and double-B and single-B (upper parts of high yield) bonds were higher earlier this year, before long term interest rates jumped, and...
...The gap between the yield on double-B and triple-C bonds narrowed to its tightest level in 15 months at 6.53 percentage points in recent days, before widening slightly to 6.74 percentage points at Friday...
...The US Energy Information Administration estimates average prices of about $83/b for the year....
...You have, sort of, conservatives potentially being opposed to clean energy investments for their reasons, but you also have some on the left opposed to clean energy investments....
...Its sovereign debt is trading at levels that suggest the market expects downgrades from its triple B investment-grade rating....
...About half the market is made up of double-B bonds, the highest-quality rung, up from about a third a decade ago....
...While King Street declined to comment on the performance numbers, Paul Goldschmid, partner and co-porfolio manager, said: “The debt market for sponsor-owned single B or triple C rated debt has generally...
...DBRS Morningstar lifted its assessment of Athens’ creditworthiness on Friday to triple B, kicking off what is widely anticipated to be a series of upgrades from “junk” territory....
...Look at triple-C’s [where average spreads are nearly 10 per cent, right in line with historical averages], for example....
...Brazil, which has a triple B minus credit rating from S&P, six rungs lower than Israel, issued a seven-year dollar paper this week in its first-ever foreign currency sustainable bond with a yield of 6.5...
...So money that did go into high yield went into higher quality, including double-B bonds....
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