Not exact matches
This «recent stream of
defaults» pushed the
default rate of junk - rated
bonds in the US to 3.9 %
for the trailing 12 - month period ended in March, up from 3.4 % in December.
This caused the
default rate
for broadcast & media junk
bonds to spike to 20 %, from 3.7 %, and it caused the
default rate
for leveraged loans in the sector to spike to 16 %, according to Fitch Ratings, which added soothingly:
So
for example if you bought a
bond with 25 percent of each of the major economies, and Italy
defaulted, you would still be paid on the remaining 75 percent, presumably at least,» he added.
For bonds this means issues that are not at risk of defaulting on a payment; for stocks a dividend is essential, and not one at risk of a cut, or one that fluctuates through good times and b
For bonds this means issues that are not at risk of
defaulting on a payment;
for stocks a dividend is essential, and not one at risk of a cut, or one that fluctuates through good times and b
for stocks a dividend is essential, and not one at risk of a cut, or one that fluctuates through good times and bad.
Daniel Hanson, an analyst
for Height Securities, told Morning Consult that the current
default likely won't have a major effect on the municipal
bond market because its effects were already «priced in» ahead of time.
For savers, particularly retiring baby boomers, ultra-low yields are little short of disastrous, especially given that a 100 % allocation to bonds or annuities is the default option for retire
For savers, particularly retiring baby boomers, ultra-low yields are little short of disastrous, especially given that a 100 % allocation to
bonds or annuities is the
default option
for retire
for retirees.
But a continuation of favorable economic growth and low
default levels — which we expect — and measured Federal Reserve tightening — which we also expect — should support more narrow high - yield
bond spreads
for some time to come.
The option to hold a
bond to maturity and «get your money back» (let's assume no
default risk, you know, like we used to assume
for US government
bonds) is, apparently, greatly valued by many but is in reality valueless.
Geithner and Obama lobbied the IMF and ECB shamelessly to bail out Greece, simply so that it could pay bondholders, because U.S. banks had issued credit
default insurance (CDS) against Greek
bonds and were on the hook
for a big loss if a
default occurred.
Puerto Rico
Default: What It Means
for the
Bond Market.
David Kotok, chairman at Cumberland Advisors, discusses Puerto Rico
defaulting on two
bond payments and what it means
for the
bond market and the country.
The country, which hasn't sold
bonds abroad since the
default, has settled arbitration cases at the World Bank, paid Spanish oil company Repsol SA
for the expropriation of YPF SA and negotiated with the Paris Club of creditor nations.
Michael Spencer, an attorney
for a group of smaller investors with more than $ 832 million of claims on
defaulted bonds, said his clients haven't been able to negotiate directly with Argentina yet.
Consider these risks before investing: The value of securities in the fund's portfolio may fall or fail to rise over extended periods of time
for a variety of reasons, including general financial market conditions, changing market perceptions, changes in government intervention in the financial markets, and factors related to a specific issuer, industry, or sector and, in the case of
bonds, perceptions about the risk of
default and expectations about changes in monetary policy or interest rates.
Either you raise adequate tax revenue, or you denominate the debt in long - term
bonds and devalue them through inflation, or you
default, or you violate the social contract made with those who don't hold paper claims (e.g. Social Security beneficiaries) in preference
for those who do.
Default risk Historically, the risk of default on principal, interest, or both, is greater for high yield bonds than for investment grade
Default risk Historically, the risk of
default on principal, interest, or both, is greater for high yield bonds than for investment grade
default on principal, interest, or both, is greater
for high yield
bonds than
for investment grade
bonds.
Hovnanian skipped an interest payment due Tuesday on
bonds it repurchased and parked with an affiliate, opening the door
for GSO to collect payouts on credit -
default swaps that insure against nonpayment.
As discussed on its March 15, 2016 preliminary earnings call, Valeant could receive a notice of
default under its
bond indentures as a result of the delay in filing its Form 10 - K
for the year ended December 31, 2015.
The big topic here is that if Treasuries are doomed to fall, we can expect weaker
bonds to be put under increasing stress, leading to events that coukd serve as a catalyst
for defaults and repricing in the broader asset class.
The proximate cause of death
for virtually every
defaulting junk
bond is a liquidity crisis occasioned by either an inability to generate enough cash to service debt, or an inability to refinance maturing debt.
Junk
bonds,
for instance, are producing a less than pulse - quickening yield of 6 % which, adjusted
for defaults (likely to explode during the next recession), isn't worth the risk — save in a few special situations.
If there's not a single buyer that will take on both the assets and liabilities without the government assuming private
default risk, Bear's assets should be put out
for bid, Bear's
bonds should go into
default, and by the unfortunate reality of how equities work, Bear's shareholders shouldn't get $ 2 - they should get nothing.
Though the underlying reason
for that Treasury price strength was concern about economic weakness and credit
defaults, falling
bond yields do allow us to take a more constructive stance once market internals show evidence of improvement.
Floating - rate loans» low credit ratings indicate greater potential risk of
default relative to investment - grade
bonds (though
default rates
for floating - rate loans historically have been lower than on high - yield
bonds).
12-10-2010 Resignation of Chairman 11-10-2010 Caledonia Mining Announces Third Quarter 2010 Results 10-21-2010 Caledonia Mining Announces the Commissioning of the No. 4 Shaft Project 08-26-2010 Caledonia Mining Announces the Completion of the Underground Installations on the No. 4 Shaft Project 08-18-2010 Caledonia Option Exercise Prices Reduction Becomes Effective 08-12-2010 Caledonia Mining 2010 Second Quarter and Half Year Results and Management Conference Call 06-14-2010 Caledonia Commissions the First Standby Generator at Blanket Gold Mine in Zimbabwe 05-14-2010 Caledonia Mining First Quarter 2010 Results 05-06-2010 Caledonia Installing a Standby Generator at Blanket Gold Mine in Zimbabwe 03-31-2010 Caledonia Mining 2009 Fourth Quarter and Annual Results and Management Conference Call 02-12-2010 Government of Zimbabwe sets out Regulations
for Indigenisation 01-29-2010 Reserve Bank of Zimbabwe
Defaults on
Bond Repayment to Caledonia Mining and update on timeline
for completion of No. 4 Shaft Expansion
The
default assumptions
for comparing the harvesting strategies are 60:40 equity
bonds, 30 year retirement and portfolios of
bonds in intermediate (not short) term treasuries and stock in 70 % total market and 10 % each in small company, small value and large value.
Creditex offers a leading electronic venue
for trading credit
default swaps (CDS) and corporate
bonds.
As individuals normally hold far fewer
bonds in their portfolio than
bond mutual funds, the chances that a
default will result in a large loss
for the investor are generally higher
for those investing in individual
bonds.
Costs are dropping
for both stock and
bond funds, as well as
for the target - date retirement funds that have become the
default for many 401 (k) plans.
The announcement comes as Venezuela faces acute financing problems after creditors and ratings agencies declared the government and state - run oil firm PDVSA to be in partial
default for missing interest and principle payments on
bonds.
For example, if a borrower defaults on their mortgage, Fannie and Freddie are responsible for the losses on the loans they guarantee to investors, while Ginnie Mae is financially responsible for the bond payments to the holders of Ginnie Mae securiti
For example, if a borrower
defaults on their mortgage, Fannie and Freddie are responsible
for the losses on the loans they guarantee to investors, while Ginnie Mae is financially responsible for the bond payments to the holders of Ginnie Mae securiti
for the losses on the loans they guarantee to investors, while Ginnie Mae is financially responsible
for the bond payments to the holders of Ginnie Mae securiti
for the
bond payments to the holders of Ginnie Mae securities.
If the company can't make those payments, it won't go into
default like it would
for a missed
bond payment.
The basic idea is this: issue a corporate
bond and then package it with a credit
default swap [CDS]
for the same corporate
bond, with the swap cleared through a clearinghouse, which should have a AAA claims - paying ability.
In the municipal
bond investing world, you do not get paid well
for taking
default risk.
He joined Leith Wheeler from TD Bank in January 2009, where he'd spent the previous 10 years trading a proprietary bank portfolio of credit
default swaps, investment grade and high yield
bonds for TD in New York and London.
Yet, as the Financial Times reported today, the demand
for MUNI
BONDS isn't there post Meredith Whitney as the yields are insufficient to overcome the fear of
default.
In their February 2015 paper entitled «Credit Risk Premium: Its Existence and Implications
for Asset Allocation», Attakrit Asvanunt and Scott Richardson measure and explore the predictability and diversification power of the credit (or
default) risk premium associated with corporate
bonds.
Should Greek voters reject the austerity plan, it could lead to a messy
default on the country's debt that would likely cause massive losses
for banks that hold Greek
bonds - and possibly spark a wider financial crisis that could send Europe into recession.
To estimate portfolio alphas, he adjusts
for six factors (equity market, equity size, equity value, equity momentum,
bond term and
default risk).
The insurance companies have promised to make timely interest and principal payments on any
bonds covered by insurance if Puerto Rico
defaults, said Rob Williams, director of income planning at the Schwab Center
for Financial Research.
If the Treasury isn't able to make coupon payments, or pay
for maturing
bond / notes / bills they are in
default.
A CDS or Repo Agreement is usually concerning a
bond issued by a private issuer, not a sovereign issuer
for which
default risk is minimal.
After the government shutdown and the startle of debt
default, is it possible
for the US government to issue
bonds, and borrow money from other countries?
«Statistically» this year to date, «only» 30 municipal issuers have officially
defaulted on $ 1.5 billion in
bonds, but thousands of government authorities are in de facto
default on payments, and madly scrambling
for re-negotiation, or forebearance, or blind hope.
«There is no possibility no matter what happens that state taxpayers would be responsible... the investors who buy the
bonds would pay
for» any
default.
But because they're a small biotech company, with high risk of
default (i.e., a high risk of not paying off their debts), they would have to pay a very high interest rate in order to make the
bond attractive enough
for investors to purchase it.
For example, if the company has a really good patent, they could use the patent to guarantee the
bond — promising the patent to the bondholders should the company
default in its payments.
While it can take the form of an Infinity Stone, the Aether's
default form is a liquid, which searches
for and
bonds with a host body.
If the film were described as a tutorial on MBS (Mortgage - backed Securities), CDO (Collateralized Debt Obligations), Credit
Default Swaps, Tranches,
Bond Ratings, and Sub-Prime ARMs, most people's eyes would glaze over and they would keep skimming
for showtimes of other new movie releases.
By the same token, you can not
default on the
bond, as that would not be fair to bondholders, many of whom buy school
bonds as a hedge against inflation and
for their retirement.