With government debt yields at record lows, investors are choosing corporates
CSA reaffirms CanPX for five-year term
Sun Life Financial Inc. plans a domestic offering up to $300 million of senior Unsecured Debentures, the company said Thursday.The offering of Series D Senior Unsecured 5.70% Debentures due 2019 is expected to close on June 30, and the proceeds will be used for general corporate purposes, including investments in subsidiaries, Sun Life says.Details of […]
High yield corporate bond fund, short-term government bond fund
With inflation on the horizon, avoid the bond market (IE:TV)
Bondholders with credit default swap protection are likely to be less accommodating in workout negotiations with issuers than those without CDS protection, finds as new report Moody’s Investors Service.That’s a factor that could lead to more bankruptcy filings.Moody’s report examines the role of CDS on bondholder preferences in “workout” situations involving distressed issuers. “Although individual […]
New regulations are aimed at fairness for retail investors, but could be impractical
4.896% notes maturing in 2014
Fitch Ratings reports that over half a trillion dollars worth of U.S. corporate debt was downgraded in the first quarter.The rating agency says that the par value of U.S. corporate bonds affected by downgrades in the quarter hit a high of US$522.4 billion, up from US$391.5 billion in the fourth quarter of 2008. This represents […]
Advisors should consider low returns and inflation in asset-mix decisions