Tag Archive
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… »
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,… »
How Ben Will Free The Banks – US-FOREX.US
Federal Reserve Chairman Ben Bernanke has tended to the largest banks in the U.S. the way a park ranger deals with an endangered species. He caught them, took them in and nursed them back to health. Now he has to release them back into the wild. He’s hoping for an easy transition.There are more than… »
CIT Too Big To Fail – US-FOREX.US
CIT Group is one of the country’s major lenders to small businesses, with 1 million clients and 75 billion in assets, but some credit analysts still wonder: is CIT worth a bailout? When the Treasury stepped in to help Wall Street’s bulge brackets turned holding companies like Citigroup and Goldman Sachs government officials argued that… »
Bonds Aim For The Middle- US-FOREX.US
With the Federal Reserve keeping interest rates at record lows, inflation is bound to be a problem, says Paul Lefurgey, Madison Investment Advisor’s lead fixed-income manager. But it’s not an immediate one: Bond markets currently project prices to rise 1.5%.Taking a nuanced view leads Lefurgey to walk a middle ground. Madison manages 8 billion for… »