Sentences with phrase «in bond premiums»

Democrats had proposed replacing the fee revenue with tactics including the use of $ 35 million in bond premiums and reducing the use of outside legal counsel.

Democrats want to use $ 35 million in bond premiums — essentially money generated by borrowing more than needed at higher interest rates — and cutting police overtime by reopening two closed police precincts and reducing the use of outside counsel.

Not exact matches

In Bond & Specialty Insurance, net written premiums increased 6 %, with growth in both the management liability and surety businesseIn Bond & Specialty Insurance, net written premiums increased 6 %, with growth in both the management liability and surety businessein both the management liability and surety businesses.

Drummond suggests that no matter how the Americans deal with the debt, it could throw Canada into a double - dip recession: «It could be a lose - lose, because if they deal with it in a draconian fashion, then they'll kill off the recovery, but if they don't deal with it at all, they're going to see lower U.S. growth, drive down the U.S. dollar, raise the bond premiums — and that would be a disaster for Canada.»

This makes sense; lower growth should result in bond yields falling, anticipating lower Bank of Canada rates in the future and less need for a risk premium around inflation.

One possible source of the equity premium (meaning shares are more expensive to issue than bonds) is a central bank as lender of last resort - even in the absence of taxes, bankruptcy, etc..

This data goes through year - end 2013, when the risk premiums for stocks over long - term bonds in the most recent 10, 20 and 30 year periods were 1.5 %, 2.4 % and 1.8 %, respectively.

The incredible performance in bonds has transformed the risk premium over this period.

4In fact, one book, Dow 36,000, which was published in 1999 shortly before the stock market peaked, argued that «fair value» for the Dow Jones Industrial Average should be 36,000 because the appropriate risk premium for the equity market versus Treasury bonds should be zero.

Stock prices have plummeted, risks premiums are rising in bond markets, and exchange rates are becoming misaligned.

One is legitimate — every year in which short - term interest rates are expected to be zero instead of say, a typical 4 %, should reasonably warrant a 4 % valuation premium in stocks and bonds, over and above run - of - the - mill historical norms (one can demonstrate this using any discounted cash flow approach).

With market volatility hitting multi-decade lows, junk bond yields also at record lows, the median price / revenue ratio of S&P 500 constituents at a record high well - beyond 2000 levels, and the most strenuously overvalued, overbought, overbullish syndromes we define, I'm increasingly concerned about the potential for an abrupt «air pocket» in the prices of risky assets that could attend even a modest upward shift in risk premiums.

We believe a step - up in risk aversion has led to a structural rise in precautionary savings, further dragging down bond yields across the curve — a trend that won't quickly change, as we write in our Global macro outlook The safety premium driving low rates.

Industry in a war boom - stock market stagnant - gov» t bonds bringing less than 1 % and selling at a high premium - stocks low and selling at five times earnings.

But potential tax implications get trickier with bonds purchased in the secondary market at a premium or discount — in other words, investors that paid more or less than the face value of the bond.

«Solid dividend payers like AWK will continue to command a premium in the market as investors are looking for any type of stable yield,» said investment instructor and small - cap stock expert Jason Bond.

Well, the banks now, if they're buying a bond of Greece or somewhere else, all of a sudden they have to pay huge risk insurance premiums in order to protect themselves against the fact that Greece may simply say, «Look.

Persistently low official inflation rates in recent years depressed bond yields along with risk premiums on all financial assets.

I've noted that the upward spike in bond yields in recent months was based not on information about an economic recovery, but merely reflected a normalization of maturity risk premiums.

Their objective was to test for a liquidity premium in the $ 14 trillion global corporate bond market.

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

Given the above, it is reasonable to argue that even a small scale volatility shock would likely induce heightened market reaction, even if the event merely reverses some of the term premium compression in the sovereign bond markets.

The bond maturity premium over bills was just 0.7 % in the U.S. and 0.5 % worldwide, small with respect to the much higher risk (variability of returns).

Chapter 12 — The Equity Risk Premium examines the excess returns of stocks over bills and bonds (equity risk premium) in 16 countries during 1900 to 2000.

BIS's latest quarterly review also argued that higher short - term bond yields have consistently failed to lift term premium nor dampen risk - parity flows in recent years:

By looking at the difference in yield between a corporate bond and a Treasury of the same maturity, you can get an idea of the extra premium investors require for the extra credit risk inherent in the corporate bond.

For example, back in 1982, stocks had a reasonable 10 - year prospective risk - premium versus bonds, but both were priced to achieve extraordinarily strong returns.

This means investors in German two year bonds are putting a hefty premium on safety but the more significant point is that essentially YOU pay the German government to take your money!

Not to beleaguer the ongoing developments in the US Bond markets, but while ten years US yield count on the Greenbacks measuring tape, the unwinding of the USD geopolitical risk premium goes on and price action suggests we should expect... Read more

This approximates the premium investors expect for taking the risk of investing in this company's stock versus the safer, risk - free option of the 10 - year treasury bond.

«Finally, in circumstances where a major central bank is continuing to expand its balance sheet or maintaining a large balance sheet over a sustained period, this policy would likely exert downward pressure on term premiums around the globe, especially in those foreign economies whose bonds were perceived as close substitutes.

Now, at that time I knew a few firms that were choking because they had a rule that said you can never buy premium bonds, because in a bankruptcy, the premium will be automatically lost.

Term premium refers to the extra return a buyer of bonds demands to hold a longer - term security instead of investing in a series of short - term issues.

When I became a professional bond investor at the ripe old age of 38 in 1998, it was the opposite — almost all bonds traded at premiums, and had relatively high coupons.

This is important because, as Jean demonstrated, there is a link between global savings and the U.S. term premium, i.e. the extra rate investors receive for investing in long - term bonds.

But premium bonds could actually offer a good deal because they may come with higher coupon rates and greater yield in the long run.

Borrowers issued the fewest bonds in Australia in almost three years last quarter as Europe's budget crisis roiled markets, driving up yield premiums, while the nation's banks used record term deposits to cut debt offerings.

In U.S. markets, for instance, green cyclicals and technology bonds trade at a premium to their non-green peers, but utilities and materials trade wide to their conventional curve.

In Europe, financials and government - related green bonds traded at a premium to regular counterparts; green bonds in the utility sector traded at a discounIn Europe, financials and government - related green bonds traded at a premium to regular counterparts; green bonds in the utility sector traded at a discounin the utility sector traded at a discount.

Acquire the monthly total credit premium of each corporate bond as the difference in total (coupon - reinvested) returns between the bond and a duration - matched U.S. Treasury instrument.

How much of a return premium should investors in bonds expect?

Does the credit premium, measured by the difference in returns between U.S. corporate bonds and duration - matched U.S. Treasuries, exhibit momentum?

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.

They also examine whether four bond risk premiums (volatility, credit risk, value and momentum), each specified in multiple ways and measured via long - short portfolios formed from monthly sorts, exhibit these two seasonal effects.

The value of the equity risk premium (the higher returns from owning stocks rather than bonds or cash) has been in -LSB-...]

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Lawmakers project $ 30 million in revenue by recovering the value of bond premiums — money generated by borrowing more than needed at higher interest rates.

In the letter, Gonsalves also said NIFA is applying unfair standards by preventing lawmakers from recovering the value of bond premiums — money generated by borrowing more than needed at higher interest rates — and «has perpetuated the conditions that allow it to maintain a control period.»

We earned $ 11 million in premiums from our $ 96 million deficit reduction bond sale and $ 20 million in total premiums on all bond sales since 2014.