are expressing perplexity over the market for bonds, which is institutional and driven by accounting and regulatory concerns (ALM, pension funding regs, risk charges on surplus for holding equities, marking investment
grade bonds at amortized cost rather than to market, etc.).
Lower fuel bills will act as a tax cut to boost growth instead, said Mark Dowding, the co-head of investment -
grade bonds at BlueBay Asset Management, which oversees $ 66 billion.
Not exact matches
At the moment, the ECB can not purchase Greek
bonds because they do not have an investment
grade rating.
By secular reflation, we mean
at least a decade in which short - and long - term interest rates stay habitually below nominal GDP growth and high
grade bonds are not really
bonds any more: delivering trend returns that are close to zero or even negative.
A second reason for looking
at junk
bonds is that they may be a more sensitive indicator, perhaps a more sensitive leading indicator, of economic conditions than higher -
grade bonds.
When
bonds yield 1.75 % for investment -
grade bonds, then it's difficult to turn that into a 5 % -10 % return going forward... If he wants to argue against that, and talk about Dow 5000 and bear and bull markets, then he's welcome to, but he's pushing
at windmills in my opinion, and he belongs back in his ivory tower.
Each account will contain investment -
grade taxable
bonds rated BBB − or higher
at time of purchase.2 The investment team will seek to maintain an overall portfolio credit rating average of A −.2 Please be aware that lower rated
bonds do carry additional risk compared to higher rated
bonds.
For example, it does not include euro
bonds («reverse Yankees») that are hot in Europe, where junk
bond yields are
at a ludicrously low 2.35 % on average, and the high -
grade yield is just above zero.
High yield (non-investment
grade)
bonds are from issuers that are considered to be
at greater risk of not paying interest and / or returning principal
at maturity.
The committee members also voted unanimously to maintain the current asset - purchase program, which includes purchasing UK government
bonds at # 435 billion and non-financial investment -
grade corporate
bonds at # 10 billion per month respectively.
On the other end of the scale, Schwab will only let you search investment
grade bonds online (you must call the
bond desk to trade junk), will only let you buy online (you must call to sell), and does not allow limit orders
at all.
For example, Fidelity will allow you to search both investment
grade and junk
bonds, show you the number of
bonds available
at both the bid and ask price, and will even allow you to submit a limit order (although you can not put in a good until cancelled order or one that is more than a small amount away from the current bid / ask).
Further, with junk
grade defaults
at negligible levels today, even higher risk
bonds have not posed significant problems — although that does not always have to be the case.
Plenty of investment -
grade credit
bonds suspended coupon payments in the Depression, transiting directly from A to D rating without even making a pit stop
at a C junk rating.
The triple - B share of the investment -
grade bond market is
at an all - time high of 48 %.
At this point I want our investors to think about conservation of capital, I want them to think about being wary about these markets, I want them to investigate less volatile places in the market like higher -
grade corporate
bonds.
At issuance, around 90 per cent of the
bonds and loans in domestic CDOs were investment
grade (rated BBB or above by S&P), with 10 per cent sub-investment
grade or unrated.
The Barclays U.S. Credit Index is the credit component of the Barclays Capital U.S. Aggregate
Bond Index, which is a broad - based bond index comprised of government, corporate, mortgage and asset - backed issues, rated investment grade or higher, and having at least one year to matur
Bond Index, which is a broad - based
bond index comprised of government, corporate, mortgage and asset - backed issues, rated investment grade or higher, and having at least one year to matur
bond index comprised of government, corporate, mortgage and asset - backed issues, rated investment
grade or higher, and having
at least one year to maturity.
In the absence of a pickup in consumer spending, annualized, real GDP — adjusted for inflation — is forecast to be between 2 % and 2.5 %, instead of the 4 % average since World War II, and annualized returns on US equities and investment -
grade bonds is estimated
at 4 % and 1 %, respectively, for the next 10 years.
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.
Investment
grade bonds offer income with very low probability of default and reversion to cash
at maturity.
In late October, Dominion
Bond Rating Service (DBRS) decided to keep Portugal's sovereign rating
at investment
grade, maintaining the country's BBB (low) rating with a «stable» outlook on the back of its progress in reducing the fiscal deficit and proactive measures to strengthen the banking sector.
Back when the Fast & Furious series first began, it was more about racing, heisting and vigorous male
bonding than, say, landing a truck on a military -
grade drone
at 150 miles per hour.
It is difficult to
bond to a hero who barely seems ready for
grade school
at one point, and then the next is behaving like a teenager.
This last seminar was crucial, because though
bond money paid for «hard» infrastructure, such as
grading, irrigation lines, trees, plants, ponds, and plantings, the more ambitious a particular school's «soft» green dreams, the more adept supporters needed to be
at grant writing.
KCA has a common
bond here
at our school, we love our scholars and they us, and our first
grade classes of Mrs. Hsu, Mrs....
It includes the following: Park City High School expansion and gym remodel ($ 27.5 million); a new fifth - and sixth -
grade school
at Ecker Hill campus ($ 24.8 million); improvements to McPolin Elementary School, including moving the parking lot ($ 1.4 million); demolition of Treasure Mountain Junior High ($ 606,336 — none from the
bond); athletic facilities improvements ($ 12 million).
The
bond would help fund a $ 66 million project list that includes: Park City High School expansion and gym remodel ($ 27.5 million); a new fifth - and sixth -
grade school
at Ecker Hill campus ($ 24.8 million); improvements to McPolin Elementary School, including moving the parking lot ($ 1.4 million); demolition of Treasure Mountain Junior High ($ 606,336 — none from the
bond); athletic facilities improvements ($ 12 million).
Each project,
at the time of its application for assistance, is required to furnish a preliminary rating opinion letter from one of the
bond rating agencies identified by the Securities and Exchange Commission as a «Nationally Recognized Statistical Rating Organization,» indicating that the project's senior debt obligations have the potential to achieve an investment -
grade bond rating.
JoAnn Deak: Set aside time
at night... JoAnn Deak: not right after school JoAnn Deak: tuck in time is best JoAnn Deak: Say... JoAnn Deak: sometimes I forget what its like to be your age... desigrrl: bedtime is a great time to
bond JoAnn Deak: could you tell me what your day was like... JoAnn Deak: how it feels to be in -
grade?
The Bloomberg Barclays Municipal
Bond 10 - Year Index is an unmanaged index that is considered representative of the broad market for investment
grade, tax - exempt
bonds with a maturity of
at least 10 years.
Although the advisor intends to invest
at least 65 % of the fund's net assets in municipal
bonds rated investment
grade or in unrated municipal
bonds that fund management believes are of comparable quality, it is possible that in the future the fund could invest up to 100 % of its assets in «junk
bonds.»
In response to the most recent events, the Under Armour
bond has been downgraded to BB + and will be moved out of the investment - grade index and into the S&P 500 High Yield Corporate Bond Index at the next month - end rebalancing (February 2017), as per the index ru
bond has been downgraded to BB + and will be moved out of the investment -
grade index and into the S&P 500 High Yield Corporate
Bond Index at the next month - end rebalancing (February 2017), as per the index ru
Bond Index
at the next month - end rebalancing (February 2017), as per the index rules.
Prior to joining the firm in 2014, Loren was a corporate
bond portfolio manager and investment -
grade corporate trader
at Goldman Sachs Asset Management (2010 — 2014).
At the time I am writing, investment
grade corporate
bonds (ten years) yield 3.3 % and the equivalent Treasury note is under 2.2 %.
Unlike Treasuries and investment
grade corporates, the high yield market as measured by the S&P U.S. Issued High Yield Corporate
Bond Index touch a low point for yield earlier in the month
at a 5.87 % on October 6th.
It would be extraordinary for stocks to move ahead
at 9 % while low investment
grade long
bonds yield 3 % less.
High - dividend S&P 500 components yield just over 3 %, CDs yield roughly 2 % for 5 years, and investment
grade corporate
bonds yield only 2.27 %
at their best for 5 years.
Prior to joining Wellington Management in 2003, Joe was a senior portfolio manager and head of US Fixed Income
at State Street Global Advisors, working on a wide range of fixed income portfolios, including those concentrating on total return, mortgage - backed securities, non-dollar
bonds, and investment
grade credit (1996 — 2003).
The yield spread between high yield and investment
grade municipal
bonds is now
at 265bps or 2.65 % (on March 15, 2012 the spread was 351bps).
We had been
at a maximum underweight in investment -
grade corporate
bonds starting this year.
The BofA Merrill Lynch Index tracks the performance of U.S. dollar - denominated investment
grade government and corporate public debt issued in the U.S. domestic
bond market with
at least 1 year and less than 10 years remaining maturity, including U.S. treasury, U.S. agency, foreign government, supranational and corporate securities.
Non-investment
grade corporate
bonds defaulted
at a whopping 31.37 percent rate.
At first, only four iShares
bond ETFs were available, with just a small amount of assets and access limited to Treasuries and U.S. investment
grade credit.
Barclay's U.S. Aggregate
Bond Index is made up of the Barclay's U.S. Government / Corporate
Bond Index, Mortgage - Backed Securities Index, and Asset - Backed Securities Index, including securities that are of investment
grade quality or better, have
at least one year to maturity, and have an outstanding par value of
at least $ 100 million.
If you want to pick your own non-core high - yield North American corporate
bond fund, TD offers the TD High Yield Bond Fund, which focuses mainly on BB and B rated issues at the higher quality end of below - investment grade and mostly hedges its U.S. currency exposure back to the Canadian dol
bond fund, TD offers the TD High Yield
Bond Fund, which focuses mainly on BB and B rated issues at the higher quality end of below - investment grade and mostly hedges its U.S. currency exposure back to the Canadian dol
Bond Fund, which focuses mainly on BB and B rated issues
at the higher quality end of below - investment
grade and mostly hedges its U.S. currency exposure back to the Canadian dollar.
At the same time, and ordinary investment in a basket of lower investment
grade and high yield
bonds offers a nice return for those willing to live with some default risk, which is over-discounted here, even with things as bad as they are.
We're
at a 50 - year low for yields on low investment -
grade - rated
bonds.
The American Century High Income Fund has typically invested
at least 80 % of net assets in a portfolio of high yield
bonds generally rated below investment
grade by Moody's Investors Services, Standard & Poor's (S&P) Rating Services or Fitch.
This tracks the performance of corporate
bonds that were rated as investment -
grade at the time of issuance but have since been downgraded to non-investment
grade.