For one, the share of securities whose 12 - month trading volume equals at least half of the number of securities outstanding has fallen from 20 % to less than 5 % in the US
corporate bond market since 2007 (CGFS (2014)-RRB-.
Not exact matches
Read...
Corporate Bond Market in Worst Denial
since 2007
The yield on the 10 - year Treasury
bond climbed above 3 % for the first time
since 2014, but of greater concern to many
market participants were remarks in major
corporate earnings reports suggesting that business conditions had likely hit their peak and were poised to deteriorate going forward.
Since then, a passion for high - quality
corporate debt has defined the global
bond market.
It's also interesting to examine the changing significance and dynamics of the European
bond market in general, which has almost doubled in size
since 2005 to more than $ 10 trillion today, including government, investment - grade
corporate debt and high yield.
-- The biggest
corporate bond -
market returns
since 2009 mask a growing sense of unease.
This reduced call by the Government has opened up the
market to private sector borrowers; issues of
corporate bonds over the past year were the highest
since 1991.
Spreads between
corporate bond yields and swap rates, which are a measure of the
market's credit risk perceptions, have fallen slightly
since the previous Statement (Graph 43).
These
bonds are viewed by the
market as riskier than other
corporate bonds since there is lot of uncertainty about their future, and these companies will not be able to guarantee repayment of the
bond.
The average yield of
bonds in the S&P 500 7 - 10 Year Investment Grade
Corporate Bond Index has fallen by 94bps
since year end as the yield thirsty
market place has hunted yield oriented products.
While the
corporate sector is relatively small in Australian
bond market, the size actually grew more than 80 %
since the Read more -LSB-...]
These
bonds are viewed by the
market as riskier than other
corporate bonds since there is lot of uncertainty about their future, and these companies will not be able to guarantee repayment of the
bond.
Just as our fashion choices
since the 1980s have expanded beyond parachute pants, Member's Only jackets and Jordache jeans, the U.S.
bond market has markedly evolved with the growth of high yield
corporate bonds, dollar - denominated emerging
markets (EM)
bonds, asset - backed securities, collateralized mortgage - backed securities and more.
This is more than double the average return to stock
market investments
since 1950, and more than five times the returns to
corporate bonds, gold, long - term government
bonds, or home ownership.
The growth of the high yield
market since the 2008 financial crisis has been significant; the par amount outstanding of the S&P U.S. Issued High Yield
Corporate Bond Index increased by 65 % from Dec. 31, 2008, to Dec. 15,, 2015.
The difference between the allocations has only been 4 %
since mid-December of 2014 when one employs index fund proxies like Vanguard Total Stock
Market (VTI), iShares
Corporate Bond (LQD) and Guggenheim Enhanced Short Duration (GSY).
There wasn't much love shown to this section of
corporate bonds since the 2008 credit crisis turned the maple
market into a small marketplace that pri...
The S&P China
Corporate Bond Index has expanded rapidly in the past 10 years, as the
market value tracked by the index was RMB 18 trillion, which has increased 34-fold
since the index's first value date on Dec. 29, 2006, and the yield - to - maturity stood at 5.04 % with a modified duration of 2.44 (see Exhibit 2 for the yield comparison).
High yield
corporate bonds tracked in the S&P U.S. Issued High Yield
Bond Index have returned just under 5 % year to date but lost ground the past several days as fund outflows weigh on the
market driving prices down and the weighted average yield (yield to worst) up by 22bps
since last week to end at 4.88 %.
Then, in Exhibit 2, we can see the performance differences between the S&P 500
Bond Index (MXN), S&P / BMV Sovereign International UMS
Bond Index, and the S&P / BMV
Corporate Eurobonos
Bond Index, both of which include the returns of the currency,
since they track the eurobond
market (
bonds issued outside of Mexico in U.S. dollars), expressed in Mexican pesos.
Corporate bonds rated Baa or triple - B, the low end of investment grade by Moody's and Standard & Poor's designations, offer the biggest yield premium
since the early 1930s, notes RBC Capital
Markets.
Hartman also suggested maple
bonds add diversification with more exposure to non-financial companies,
since the Canadian
corporate bond market is dominated by banks.
Further, though spreads for GM and GMAC are not at historically tight levels, spreads in the
corporate bond market are at levels not seen
since 1997.
The total
market value of the S&P U.S. Issued Investment Grade
Corporate Bond Index has increased by almost 10 %
since the beginning of the year.