Sentences with phrase «corporate debt yields»

Corporate debt yields include a corporate risk premium over treasury yields.

This goes against historical norms — utility yields usually came at a discount to corporate debt yields.

Dividend yields in utility companies are on par with investment grade corporate debt yields.

Consequently, U.S. Treasury yields have, over the last 30 years, declined more than high - quality corporate debt yields, yields on productive business capital and S&P 500 earnings.

Not exact matches

Many people have bought into this space because it's one of the only places to get decent yield, but she points out that a number of companies only offer corporate debt because of market demand.

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.

Previously, Erdoes worked at Bankers Trust in corporate finance, merchant banking and high - yield debt underwriting.

SHYL tracks a broad and straightforward short - term bond index that includes all high - yield corporate debt meeting the liquidity requirements.

These include emerging market bonds, high yield debt, corporate bonds and mortgage bonds.

Most of the capital provided to these companies comes from high - yield («junk») corporate bond sales, preferred share offerings, and debt.

Our team of credit professionals deliver sales and trading capabilities across a wide range of fixed income asset classes including high yield, distressed and investment grade bonds, convertible bonds, public and private corporate securities, leveraged loans and emerging market debt.

The Bloomberg Barclays U.S. Corporate High Yield Bond Index covers the universe of fixed - rate, non-investment-grade debt.

Our Global Market Strategies segment, established in 1999 with our first high yield fund, advises a group of 46 active funds that pursue investment opportunities across various types of credit, equities and alternative instruments, including bank loans, high yield debt, structured credit products, distressed debt, corporate mezzanine, energy mezzanine opportunities and long / short high - grade and high - yield credit instruments, emerging markets equities, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives.

I still think there will be a flight to safety in sovereign bonds when stocks have a bear market but other areas such as high yield and corporate debt could run into some problems.

Such strategies involve investing predominantly in corporate credit, including senior secured and mezzanine loans and high yield, distressed and high grade debt securities, private equity controlled positions, real estate investment and investment in pools of non-performing loans in Europe and Asia.

As yields on preferred shares rose over the past year and a half, many corporate issuers turned to debt markets as a cheaper source of financing for their funding needs.

This is especially true on the downside because high yield investors typically are «privy» to bank credit information — trust me, this is true, as our high yield desk was next to the bank debt trading desk and we were very friendly with each other — and can see when corporate numbers are deteriorating well in advance of equity analysts and investors.

The $ 1.2 trillion high - yield debt market could face a double whammy as spreads tighten and investors use the corporate earnings season starting in the second week of October as an excuse to take even more profits.

Moreover, the yield on industrial bonds in the Dow Jones Bond Average continues to rise, further widening the risk premium on corporate debt.

What this means in practice is that we have kept maturities of our investments very short, particularly for low - risk issuers such as governments and agencies, while we seek out opportunities to increase portfolio yield with what we think is well - priced corporate debt.

Thus, even as longer treasury yields quit rising, the market rate on corporate debt starts soaring, often quite dramatically.

The volume of global high - yield corporate debt rose 19 % to $ 462 billion in 2013, the strongest volume since record keeping began in 1980, according to Thomson Reuters.

Income Strategy can own high - yield corporate debt, income - paying common stock, preferred shares, convertible securities, REITs, business development companies, MLPs and more.

In recent months, the yield on US corporate bonds, especially investment - grade securities, is a little more than 100 basis points compared to the yield on government debt, dropping within striking distance of the lows seen post the 2008 financial crisis.

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.

The continuing low level of government bond yields has supported the search for yield that has been evident over the past couple of years, with the spread between yields on US government debt and yields on both corporate and emerging market debt remaining around historical lows over the past three months (Box B).

With interest rates on low - risk investments falling to low levels in many countries, investors have sought to maintain yields by moving into higher - risk assets such as corporate debt and emerging market debt.

For roughly three decades, U.S. non-financial corporate debt as a percentage of U.S. nominal GDP and the high yield default rate moved in tandem.

The minimal dividends from traditional CDs and high - quality Treasury bonds leaves little to be desired when compared to corporate or municipal debt yielding magnitudes of greater income.

Greece is the rare sovereign that issues sovereign debt at a higher yield than some Greek corporates.

The new issue yields 4.65 % versus some recently issued corporate debt with a 3.1 % yield.

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).

Trying to anticipate the changing environment, and high corporate debt levels, suggest it would be wise to start taking a more defensive position on equities long before yields on 10 - year Treasuries reach 5 %.

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.»

The BAA spread refers to the yield on corporate bonds above the rate on comparable maturity Treasury debt, and is a market - based estimate of the amount of fear in the bond market.

With corporate debt markets priced for another Great Depression, High Yield Bonds are in a unique position to outperform equities given recent runups off the lows while providing a high yield income stream for years to Yield Bonds are in a unique position to outperform equities given recent runups off the lows while providing a high yield income stream for years to yield income stream for years to come.

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.

We see investment - grade corporate debt as attractive in a world hungry for yield.

The credit spread is the yield the corporate bonds less the yield on comparable maturity Treasury debt.

BofA Merrill US High Yield Index: Tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market.

So as the safe haven appeal of government debt reduces while the overall quality of corporate credit improves, it's logical for high - yield credit spreads to tighten.

The Company is a fund manager across six core investment themes, such as external debt, local currency, special situations, equity, corporate high yield and multi-strategy.»

Our updated calculation of the debt spread matches a company's credit rating to the yield on an index of similarly rated corporate bonds.

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.

Examples include U.S. high yield or EM corporate debt.

Thomson Reuters reports that the volume of high - yield corporate debt reached $ 389 billion in 2012, an increase of 38 % from 2011 and the strongest year since records began in 1980.

CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt US interest rates have been in a general declining trend since 1981, when Paul Volcker was Federal Reserve chairman and the 10 - year Treasury bond yielded 16 %.

That's dragged yields on $ 7.8 trillion of government debt negative; by contrast, the lowest rated corporate bonds have returned 151 percent since 2008, including 9.4 percent this year through mid-June.

Other bond markets, like the high yield corporate and senior loan markets often have high concentrations of debt maturing in specific years in the near future — often referred to as a «maturity cliff».

The par amount outstanding of investment - grade corporate debt, as measured by the S&P U.S. Investment Grade Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High Yield Corporate Bond Index, has increased by USD 800corporate debt, as measured by the S&P U.S. Investment Grade Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High Yield Corporate Bond Index, has increased by USD 800Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High Yield Corporate Bond Index, has increased by USD 800Corporate Bond Index, has increased by USD 800 billion.