Sentences with phrase «as junk debt»

Underwriting volume this year for high - yield securities, known widely on Wall Street as junk debt, has sunk at firms such as Merrill Lynch, Citigroup, Lehman Brothers and JPMorgan Chase, adding more salt to the wounds already inflicted by massive losses on souring mortgage securities.

Not exact matches

In the short - term, however, this increased leverage may actually be bullish for junk bonds, corporate bonds, emerging market debt and mortgage - backed securities as it brings higher prices and lower yields, he said.

Although there may not be a bond bubble, with investors starved for yield, Gundlach predicts a potential bubble could form in credit risk as investors increase their leverage on riskier debt securities like junk bonds and emerging market debt.

As default rates on junk - rated debt is above nine percent, companies with junk status face an average interest rate that is a whopping ten percent points above Treasuries — these days, that translates into roughly 12 percent for a five - year loan.

Just as significant as the ratings downgrades may be the suspension on Friday of the creditor talks in Greece — whose debt S. & P. long ago gave junk status.

His biography contains elements of an epic novel: growing up the son of a jailed Trotskyist labor leader in whose Chicago home he met Rosa Luxembourg's and Karl Liebknecht's colleagues; serving as a young balance of payments analyst for David Rockefeller whose Chase Manhattan Bank was calculating how much interest the bank could extract on loans to South American countries; touring America on Vatican - sponsored economics lectures; turning after a riot at a UN Third World debt meeting in Mexico to the study of ancient debt cancellation practices through Harvard's Babylonian Archeology department; authoring many books about finance from Super Imperialism: The Economic Strategy of American Empire [1972] to J is For Junk Economics: A Guide to Reality in an Age of Deception [2017]; and lately, among many other ventures, commuting from his Queens home to lecture at Peking University in Beijing where he hopes to convince the Chinese to avoid the debt - fuelled economic model off which Western big bankers feast and apply lessons he and his colleagues have learned about the debt relief practices of the ancient civilizations of Mesopotamia.

Investments rated below investment grade are commonly referred to as high - yield, high risk or «junk debt.»

While it's as obvious as avoiding junk food if you want to lose weight, it's the hardest part of attaining freedom from debt.

With $ 23 billion in debt and its bonds rated as junk, ArcelorMittal started to scale down.

As long as investors aren't too concerned about the risk of capital losses - that is, as long as investors are in a risk - seeking mood (Iron Law of Speculation), a mountain of zero - interest hot potatoes will also embolden investors to chase yield further out on the risk spectrum, for example, in junk debt, stocks and mortgage securitieAs long as investors aren't too concerned about the risk of capital losses - that is, as long as investors are in a risk - seeking mood (Iron Law of Speculation), a mountain of zero - interest hot potatoes will also embolden investors to chase yield further out on the risk spectrum, for example, in junk debt, stocks and mortgage securitieas investors aren't too concerned about the risk of capital losses - that is, as long as investors are in a risk - seeking mood (Iron Law of Speculation), a mountain of zero - interest hot potatoes will also embolden investors to chase yield further out on the risk spectrum, for example, in junk debt, stocks and mortgage securitieas long as investors are in a risk - seeking mood (Iron Law of Speculation), a mountain of zero - interest hot potatoes will also embolden investors to chase yield further out on the risk spectrum, for example, in junk debt, stocks and mortgage securitieas investors are in a risk - seeking mood (Iron Law of Speculation), a mountain of zero - interest hot potatoes will also embolden investors to chase yield further out on the risk spectrum, for example, in junk debt, stocks and mortgage securities.

Relatively high debt loads as featured on pretty much every junk - rated issuer's balance sheet must be serviced with cash.

The investor should note that vehicles that invest in lower - rated debt securities (commonly referred to as junk bonds) involve additional risks because of the lower credit quality of the securities in the portfolio.

Venditto's reputation in Oyster Bay suffered as the town's once enviable finances deteriorated as debt more than doubled to more than $ 729 million over the past decade and Standard & Poor's downgraded Oyster Bay's credit rating to junk status.

Talk of a move to re-establish state fiscal oversight of the city's schools has circulated since the summer and comes as bond ratings agencies have dropped CPS» debt deeper into junk status in advance of district plans to add more than $ 850 million to its overall debt load.

The Sub-Advisor seeks to achieve the fund's investment objective by selecting a focused portfolio of high - yield debt securities (commonly referred to as junk bonds).

NEW YORK, Aug 14 (Reuters)- The global junk bond default rate rose to 1.79 percent in July from 1.44 percent in June as U.S. financial and real estate firms struggled to keep up with debt payments, Standard & Poor's said on Thursday.

Fitch now rates Japanese debt as an A, which is five full notches below the top AAA rating... and just a few notches short of actual non-investment-grade junk status.

Over the ensuing months as my debts passed from junk debt buyer to junk debt buyer and from collector to attorney, I responded with my carefully crafted deny - dispute - demand documentation letter.

As reported in the Wall Street Journal, the country's largest junk debt buyer and parent of Midland Credit Management, Encore Capital Group, had a business plan of not pursuing any credit card lawsuit filed on its behalf that was answered.

These ETFs invest in junk bonds, senior loans, as well as international below investment grade debt.

Investments rated below investment grade are commonly referred to as high - yield, high risk or «junk debt.»

The fund may invest up to 100 % of its managed assets in below - investment grade debt securities (commonly referred to as «high - yield» or «junk» bonds).

Answer: If the account has been sold to a junk debt buyer such as Portfolio it is not likely the original creditor will pull back the account.

As soon as an inquiry from a mortgage company hits your credit reports, your information is packaged and sold to junk debt buyers and collection agencieAs soon as an inquiry from a mortgage company hits your credit reports, your information is packaged and sold to junk debt buyers and collection agencieas an inquiry from a mortgage company hits your credit reports, your information is packaged and sold to junk debt buyers and collection agencies.

The drop to junk status shows that the company could quickly run into difficulties in paying its debts, especially as the company will see its cost of capital increase and its financing options shrink as a result of the downgrade.

As default rates on junk - rated debt is above nine percent, companies with junk status face an average interest rate that is a whopping ten percent points above Treasuries — these days, that translates into roughly 12 percent for a five - year loan.

Putnam Income Fund Investment Option invests in Putnam Income Fund, which invests mainly in securitized debt instruments (such as mortgage - backed investments) and other obligations of companies and governments worldwide denominated in U.S. dollars, are either investment - grade or below investment - grade (sometimes referred to as «junk bonds») and have intermediate to long maturities (three years or longer).

While ETF traders have been saying stocks were poised for some sort of downside correction, particularly in view of riots in Greece in the wake of Standard & Poor's downgrade of that country's sovereign debt to junk status, Thursday's swift and unprecedented price action — between 2:30 and 3:00 p.m. EDT — clearly involved computers as opposed to panicked humans.

12) On page 74, the allocations to junk debt seems too high, though I might make that bet as well.

When junk grade default rates move up, it is typically for three years or so, and in this case, we have more low - rated debt as a percentage of the market than at any time in the past.

As a result of all of this, the stock of the company dropped over 30 % from before the news broke, and its debt has been downgraded to junk status by several rating companies.

Since this fund is composes of higher quality issues, the risk of default is modest compared to junk bonds, but of course, we only consider US government debt as the sole risk - free bond issuer.

And now I know what snowflaking is... as overtime, selling junk, etc... is all the extra being applied to our debt.

Argentina's debt is still rated below investment grade, or as «junk.»

To most investors, both institutional and retail, there aren't many — essentially higher risk and less liquid and less transparent vehicles such as junk bonds, high - yield debt vehicles and hedge funds.

High yield debt also landed on the maps of most investors in the second half of 2015, as did increased queasiness in anticipation of the uncertain severity of the impending junk bond rapids.