Sentences with phrase «at debt yields»

NIC: The low interest rate environment has caused many banks to look at debt yields (property NOI / total proposed loan balance) in addition to debt service coverage ratios.
How does Huntington National Bank look at debt yield in relation to the various seniors housing and care property types?

Not exact matches

The bonds of iHeartMedia have long been in the basket of «distressed debt,» meaning their prices have fallen so far to where their yields are at least 10 percentage points higher than equivalent Treasury yields.
If mortgage interest rates were higher, paying down this debt would make more sense, but with rates at about 4 percent, investing that money could yield a higher rate of return.
The average BB rated bond, which is what Dell's current debt is rated, is trading at a yield of 5.8 %.
«Shorter duration hedge fund assets have grown at a rapid pace even as market liquidity has deteriorated, particularly in the high yield and distressed debt markets.
Lewis, fund's chief investment officer, spent nine years at Citigroup as a director of the bank's global special situations group, a $ 5 billion prop - trading group that specialized in distressed debt, high - yield bonds, and value equity.
Thanks to Europe's debt problems, the company is cheap, trading at 8.1 times estimated earnings, while its gross yield is 9.4 %.
Previously, Erdoes worked at Bankers Trust in corporate finance, merchant banking and high - yield debt underwriting.
But cross-country differences in equity returns declined to pre-crisis levels while the range of yields on debt securities issued by banks and by non-financial corporations also narrowed, suggesting that there is some integration at least in prices of financial instruments.
debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions
The irony is that the US has hit its debt ceiling and the US Federal Reserve will end its bond purchases at June - end: both factors that should be pushing yields higher.
While at Credit Lyonnais, Mr. Fink helped develop the institution's High Yield Department and specialized in investing in high yield subordinate Yield Department and specialized in investing in high yield subordinate yield subordinate debt.
The Bank of Spain estimated the gross return on Spanish residential investment at 4.2 percent in 2017, almost triple the cumulative yield on 10 - year government debt.
At some point, if these policies are inflationary, then the vigilantes or those that hold dollar reserves, such as China and Brazil and Mexico, they will be in the driver's seat in terms of longer - term Treasury debt, 10 years and 30 years Treasury debt in terms of their yield.
We invest in countries around the world at all levels of the capital structure — from debt (first lien bank debt, second lien loans and high yield bonds) to undervalued equity.
Prior to joining Cerberus, Mr. McLeod managed the leveraged finance origination and execution activities at CIBC World Markets from 1998 to 2006, where he originated, structured and executed transactions involving high yield debt securities, leveraged loans, privately placed mezzanine securities and merchant banking investments.
At Bear, Stearns & Co., Mr. Abbott served as a Vice President in Financial Analytics & Structured Transactions (F.A.S.T) where he structured and reverse engineered complex CDO transactions, secured by a wide range of debt products, including high yield bonds, senior secured leverage loans, trust preferred bank loans, RMBS as well as other esoteric receivables.
At present, more than one - third of the publicly held float in Treasury debt is financed at maturities of less than a year and at yields well below 1 At present, more than one - third of the publicly held float in Treasury debt is financed at maturities of less than a year and at yields well below 1 at maturities of less than a year and at yields well below 1 at yields well below 1 %.
So while these «fallen angel» bonds have the potential to be intrinsically higher quality than debt originally issued at the junk or high - yield level, undue structural selling pressure from the downgrade can cause them to sell at a discount.
Global monetary policy remains broadly accommodative — and in some areas more and more so — propelling equity markets ever higher and leaving a record amount of sovereign debt around the world (almost US$ 12 trillion by midyear) yielding at or below zero (source: Fitch Ratings, as of 6/29/2016).
You can invest in higher yielding properties at much lower valuations for $ 5,000 — $ 10,000 minimums versus coming up with a $ 200,000 + downpayment and taking on $ 1,000,000 in mortgage debt for the median SF or NYC home price.
December was another solid month for European high - yield debt, with Barclays's benchmark cash index tightening by 40 basis points, ending the year at a new post-crisis low.
While I didn't have an explicit forecast on European sovereign debt, I admit that I completely missed the possibility that by the end of 2015, 40 percent of the European sovereign debt market would be trading at a negative yield.
And international buyers, from Europe to Japan, are backing away from U.S. corporate debt as a falling dollar drives up hedging costs at the same time curtailed central - bank buying drives up global yields.
Jon published high yield and distressed debt research while he was at sell side broker firms Advest and RW Pressprich.
At the same time that yields on Treasuries are declining, yields on riskier debt are rising.
Greece is the rare sovereign that issues sovereign debt at a higher yield than some Greek corporates.
The market «prices in» the tax - deductible feature on municipal coupon payments, so when you aren't a beneficiary of said tax treatment, then I (at least) believe it makes more sense to get tax - free income on higher yield corporate debt (of the same credit profile).
At the end of the day, high - yield corporate debt generates returns that are highly correlated to the returns of stocks, and it's for that reason we regard them as a kind of «equity light» or «decaf equity.»
A diversified bond fund that invests at least 70 % of its assets in investment - grade debt with tactical investments in high - yield and non-U.S. dollar bonds.
At the same time, the carry between Chinese interest rates and U.S. Treasury yields has now turned negative, meaning that there is no longer a favorable interest rate differential to encourage Chinese investment in U.S. government debt.
As noted in the Fund's June 30, 2016 Semi-Annual Report, the Fund held approximately $ 30 million market value of TXU Energy's first lien debt which was yielding approximately 15 % at the time it was converted into equity in the new TCEH Corp..
A couple of small examples would be Greiffenberger, a German auto parts maker that trades at a 9 % FCF yield and has a massive debt load, and Ambra, a Polish wine importer with a much smaller debt load, but also trading at a 9 % FCF yield.
At least GREECE pays you a true risk yield to purchase its SOVEREIGN DEBT.
Investors are so sure of this that Japan on Tuesday became the first Group of Seven leading industrial nations to auction 10 - year debt at a negative yield.
If it were 45 % higher, that would bring it to nearly 30, or 20 percent higher than where it was at the peak of last year's high - yield debt concerns and not much lower than where it was during much of the worries about European debt in 2012.
The past several years have featured little more than a gigantic asset swap, the short description being that massive volumes of government debt have been swapped by central banks for massive volumes of idle bank reserves, while massive volumes of low - yielding, covenant - lite debt have been issued into the hands of yield - seeking investors, in order to retire massive volumes of corporate equities at elevated valuations through buybacks.
The temptation to «ride the yield curve» must be great, and there is indeed evidence that banks have begun to load up on treasury debt (they must do something after all, and the private sector is out at the moment).
The cost of debt to Asian borrowers, as measured by sovereign bond yields, has not risen much at all.
Moreover, even under a very stressed scenario — in which Spain is forced to finance the $ 200 - 220 billion it needs from today until early 2014 at yields of 8 - 9 per cent — the effect on the average interest rate of the total outstanding debt would be limited, rising from the current 4.1 per cent to about 5 per cent.
Declan Fallon looks at three stocks which paid a dividend yield of at least 5 %, had no long term debt and had a market cap over $ 100m.
At the same time, the continued lack of fixed income supply around the world, especially in longer - maturity debt, should continue to keep yields contained.
For example, if the five - year Treasury bond is at 5 % and the 30 - year Treasury bond is at 6 %, the yield spread between the two debt instruments is 1 %.
At present, the relationship between earnings and bond yields seems tighter because of the large substitution of debt for equity going on, but that's not a normal thing in the long run.
Look at the yield on juniormost debt security of the firm, the cost of equity is higher than that.
Joseph Welsh serves as senior vice president and the Head of the High Yield Corporate Debt Team at OppenheimerFunds.
A perfect example would be stowing that money away in a high - yield savings account that they could later use to chip away at their student debt.
And even at that rock - bottom yield, about 16 % of Japan's annual budget is interest on its existing debts.
The company issued junk debt earlier this year at 5.35 %, issues which still yield more than 300 basis points more than comparable U.S. Treasuries.
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