Japan has
an average debt maturity around 5.5 years.
When
their average debt maturity gets too short, they have a crisis rolling over the debt.
Their current
average debt maturity was more than 4 years; you only refinance that because you are forced to.
They don't have to worry about debt maturities: at the end of FY13
the average debt maturity profile was 4.9 years.
Japan has
an average debt maturity around 5.5 years.
The US has one of the lowest
average debt maturities in the developed world.
Not exact matches
Average corporate
debt maturity surged to 21.3 years in September, according to the latest data from the Securities Industry and Financial Markets Association.
Second, the
average time to
maturity on U.S.
debt is six years, meaning that most of the low - yielding bonds now on the books will be exchanged for more expensive
debt over the next decade.
Though the weighted -
average maturity of Treasury
debt is currently longer than normal, the
average is still only 5.8 years, and half of the
debt will have to be rolled over by 2019, at whatever interest rates emerge in the interim.
Its options include (a) cut marginal rates from -0.1 % to a more negative overnight rate target (b) increase purchases in one or several asset classes from current levels (JPY80trn annual in JGB's; JPY3trn in ETF's; JPY90bn in J - REITS)(c) further lengthen the
average maturity of holdings (on
average somewhere between 5 and 7 years by our estimates)(d) apply forward guidance with respect to its balance sheet or (e) an extreme derivative of (d)-RRB- espouse a «helicopter drop» strategy, wherein the BOJ offers unlimited monetisation of government
debt.
This is because creditors lowered interest rates and extended loan
maturities (the
average maturity of Greece's
debt is now 16.5 years, double that of Germany and Italy).
These funds can invest in
debt instruments having
average maturity longer than 91 days (which is maximum
average maturity of an instrument in which a liquid fund can invest).
Commence a systematic transfer strategy from an equity based fund to a short - term bond or
debt fund with an
average maturity of about 1 to 3 years.
Simply put, Buffett has sold long - dated insurance against the
debt of specific companies (credit default obligations or CDSs, expiring between 2009 and 2013) and against declines in the world's major stock market indices (equity index put options, with the first expiration in 2019 and
average maturity of 13.5 years).
The fund holds
debt with
maturities ranging from one to five years, giving the portfolio an
average weighted
maturity of 2.9 years and a duration of 2.7 years.
The fund's principal investment strategy is to normally invest at least 80 % of the fund's assets in investment - grade
debt securities that have a dollar - weighted
average portfolio
maturity of 18 months (one and a half years) or less.
Well, as I highlighted in my last post, the
average European
debt maturity is over 7 years.
As the CBO has projected huge deficits PLUS huge
debt roll - overs (
average maturity down from 7 years to 4 years) up to at least 2019, do you think we could extend the» printing» by foreign central banks — CB's» buying» each others
debt — for at least 10 more years?
Lipper Categories: Ultra Short Obligation Funds invest primarily in investment - grade
debt issues or better and maintain a portfolio dollar - weighted
average maturity between 91 days and 365 days.
Short - Intermediate Investment Grade
Debt Funds invest primarily in investment - grade debt issues (rated in the top four grades) with dollar - weighted average maturities of one to five ye
Debt Funds invest primarily in investment - grade
debt issues (rated in the top four grades) with dollar - weighted average maturities of one to five ye
debt issues (rated in the top four grades) with dollar - weighted
average maturities of one to five years.
Realty Income finances half its capital structure with
debt and has an
average of $ 262 million in
maturities over the next four years.
Up to 50 percent of the fund's assets are in equity and equity linked securities, while up to 25 percent of the portfolio investments are in
debt and money market instruments with one to seven years of
average maturity term.
Intermediate Investment Grade
Debt Funds invest primarily in investment - grade debt issues (rated in the top four grades) with dollar - weighted average maturities of five to 10 ye
Debt Funds invest primarily in investment - grade
debt issues (rated in the top four grades) with dollar - weighted average maturities of five to 10 ye
debt issues (rated in the top four grades) with dollar - weighted
average maturities of five to 10 years.
And, REITs have extended the
average maturity of their
debt to 75 months, locking in these low interest rates until well into the next decade.
Let's start with lengthening the
average maturity of Treasury
debt.
This is a graph of the
average maturity in months of the marketable portion of US Government
debt.
Overlooked in the current European hysteria is that the
average sovereign
debt maturity there is over 7 years — countries have a significant window before headline rates really start to hurt.
The proceeds will be used to pre-pay term loans maturing in 2016/17 and while they will not make a significant dent in interest costs (the new notes will pay 3 month Euribor +350 bps, versus the 3 month Euribor +362.5 - 387.5 bps the term notes pay) they do push out the
average maturity of the group's
debt, thus reducing the risk around the company and giving it enhanced financial flexibility.
However, it is anticipated that the dollar - weighted
average maturity of
debt securities that the Fund purchases will not exceed 15 years and that the
average maturity of all securities that the Fund holds at any given time will be 10 years or less.
The
debt carries an
average interest rate of 5.9 percent and has an
average maturity term of 1.8 years.
«So instead of having sizable near - term bullets to deal with on refinance, on
average, REITs tend to have much smoother
debt maturity schedules,» he says.