The gulf between high-grade bonds and vulture bait is widening
Corporate bond issuance down 43% in 2008
But going for certainty means giving up potentially unlimited gains with stocks
Closed-end corporate bond fund advised by MFC Global Investment Management (Canada)
The Bank of Canada published its quarterly bond schedule on Thursday and announced that it will reintroduce the three-year bond later this year, and will add maturities for other issues.In February and March, the bank and the Department of Finance sought the views of government securities distributors, institutional investors, and others on new measures contemplated […]
New research from Moody’s Investors Service sees elevated refunding risk for the US$300 billion of investment-grade non-financial corporate bonds that will mature during the next three years.The study of 330 investment-grade non-financial corporate issuers in the U.S. with debt maturing between 2009 and 2011 indicates that credit ratings have migrated downward during the last year. […]
In a market terrified of defaults, bonds with complexity could see fortunes shift
Proposal would bring transparency to primary market, government agency and GSE debt
Fixed income investors harbour a gloomy outlook for the year ahead, according to a survey by Fitch Ratings.The rating agency noted that money managers are expecting that either a deep, or very deep, recession will grip the U.S., Europe and emerging markets over the coming year. It also found that they believe the economic downturn […]
Corporate debt defaults topped US$280 billion in 2008