Tag Archive
The New ETF Darlings – US-FOREX.US
After the stock market lost 37% last year, retail investors have developed a taste for comparatively stodgy fixed-income assets, especially exchange-traded funds. Assets under management by fixed-income ETFs climbed 47%, to 83 billion, this year, according to Barclay’s data. That gain outpaced the 17% jump in assets held by all U.S. ETFs.”Some people are feeling… »
Bonds Still Have Legs – US-FOREX.US
All types of bonds have soared this year, from the debt of speculative-grade companies to the bonds cities and states sell to pay for schools. You might think that, the 38% return so far this year for junk bonds would mark the end of a run. But to Robert Tipp, chief investment strategist for Prudential… »
Crazy For Junk – US-FOREX.US
Here’s more evidence of risk-taking’s rebirth: Sales of the riskiest, speculative debt has already surpassed last year’s total. Corporations have sold 88 billion in junk bonds worldwide, up from 49.5 billion in 2008, according to data provider Dealogic. The 4.2 billion bond sale by Canadian miner Teck Resources Limited
in May is the year’s largest.Telecommunication companies… »
The CIT Bankruptcy Watch – US-FOREX.US
CIT Group’s progress in cajoling bondholders to help trim its debt burden has saved the lender from imminent bankruptcy. The most recent good news came Friday: CIT said it was on track to pull off an agreement to pay some bondholders 87 cents on the dollar to hand over their notes. In the past week,… »
Deutsche Boerse Under Pressure – US-FOREX.US
Something’s amiss at exchange operator Deutsche Boerse.April to June should have been a rollicking quarter for the German operator of the Frankfurt Stock Exchange, as well as derivative exchanges Eurex and the International Securities Exchange. Stock markets picked up, raising the value of what was traded, while there was frenzied activity in the corporate bond… »
A Tale Of Two Balance Sheets – US-FOREX.US
When insurance companies Prudential Financial and Allstate report earnings on Wednesday, investors will get a glimpse into the health of non-bank financial services companies. On both fronts there’s some cause for optimism, say analysts but Prudential is by far the stronger of the two.J.P. Morgan analyst Jimmy S. Bhullar believes that after issuing 1.2 billion… »
McGraw-Hill Rides The Debt Wave – US-FOREX.US
The sale of Business Week won’t make much money for the McGraw-Hill Companies but it will take a money-loser off the books and signal to investors that there will be more judicious sales ahead – that’s the bullish take on McGraw’s stock. The company reports earnings Tuesday.Michael Meltz, an analysts at JPMargan Choose has an… »
Geithner The Bond Angel – US-FOREX.US
Has the credit crisis passed? Companies sold a record 1.79 billion in bonds worldwide in the first half of the year, according to a recent analysis by the rating agency Standard & Poor’s. Investors have clearly developed an appetite for corporate debt even while some companies, like the CIT Group, struggle under their debt burdens…. »
How Long Can CIT Last – US-FOREX.US
News that a group of bondholders had saved CIT Group with a 3 billion loan sent the lender’s shares soaring this week. No longer worried that the federal government’s refusal to bail out CIT spelled bankruptcy, investors pushed its shares up 84% from July 17, until they fell 15% on Thursday. Credit markets, however, told… »
BA Tries To Find Its Wings – US-FOREX.US
Will 1 billion be enough to get British Airways through a dour mix of slumping premium traffic, swine flu and staffing disputes? This was certainly the hope of investors as the beleaguered British airline announced plans to raise that amount by issuing convertible bonds and tapping funding that was set aside for its pension fund.Shares… »