As far as the government is concerned, there is also the problem of demand for the (existing) debt at such low yields and that more new debt can't be
issued at higher yields without increasing the cost of servicing that debt.
Due to the increased risk of default, these bonds are typically
issued at a higher yield than more creditworthy bonds.
Not exact matches
So while these «fallen angel» bonds have the potential to be intrinsically
higher quality than debt originally
issued at the junk or
high -
yield level, undue structural selling pressure from the downgrade can cause them to sell
at a discount.
High -
yield bonds represented by the Bloomberg Barclays High Yield 2 % Issuer Capped Index, comprising issues that have at least $ 150 million par value outstanding, a maximum credit rating of Ba1 or BB + (including defaulted issues) and at least one year to matu
yield bonds represented by the Bloomberg Barclays
High Yield 2 % Issuer Capped Index, comprising issues that have at least $ 150 million par value outstanding, a maximum credit rating of Ba1 or BB + (including defaulted issues) and at least one year to matu
Yield 2 % Issuer Capped Index, comprising
issues that have
at least $ 150 million par value outstanding, a maximum credit rating of Ba1 or BB + (including defaulted
issues) and
at least one year to maturity.
Greece is the rare sovereign that
issues sovereign debt
at a
higher yield than some Greek corporates.
However
at 10.75 %, the
yield on the bond is still much
higher than government's initial target of 8.5 % and also
higher than the previous one which had coupon rates of 8 % and 8.5 % percent for its $ 2 billion bond
issued.
Assuming the bond was actually
issued with a negative coupon, if you are short (borrowing someone else's bond to sell the bond
at a lower price /
higher yield) Who pays the coupon?
High Yield's month - to - date return is presently negative
at a -0.44 %, while for the year it is returning a 4.05 % as measured by the S&P U.S.
Issued High Yield Corporate Bond Index.
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
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
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
High Yield Corporate Bond Index touch a low point for yield earlier in the month at a 5.87 % on October
Yield Corporate Bond Index touch a low point for
yield earlier in the month at a 5.87 % on October
yield earlier in the month
at a 5.87 % on October 6th.
High -
yield bonds represented by the Bloomberg Barclays High Yield 2 % Issuer Capped Index, comprising issues that have at least $ 150 million par value outstanding, a maximum credit rating of Ba1 or BB + (including defaulted issues) and at least one year to matu
yield bonds represented by the Bloomberg Barclays
High Yield 2 % Issuer Capped Index, comprising issues that have at least $ 150 million par value outstanding, a maximum credit rating of Ba1 or BB + (including defaulted issues) and at least one year to matu
Yield 2 % Issuer Capped Index, comprising
issues that have
at least $ 150 million par value outstanding, a maximum credit rating of Ba1 or BB + (including defaulted
issues) and
at least one year to maturity.
Like Preferreds, the difference in
yield between the S&P U.S. Issued Investment Grade Corporate Bond Index and the S&P U.S. Issued High Yield Corporate Bond Index is 2.97 % (5.87 % vs 2.90 %), up from a 1.97 % back at the end of
yield between the S&P U.S.
Issued Investment Grade Corporate Bond Index and the S&P U.S.
Issued High Yield Corporate Bond Index is 2.97 % (5.87 % vs 2.90 %), up from a 1.97 % back at the end of
Yield Corporate Bond Index is 2.97 % (5.87 % vs 2.90 %), up from a 1.97 % back
at the end of June.
Since bonds are typically sold
at a
higher or lower price than they were
issued, their
yields are often different than the stated coupon rate for the security.
The S&P U.S.
Issued High Yield Corporate Bond Index is returning 0.23 % for the month while year - to - date peaking
at a 3.34 % before dropping slightly to close the week
at 3.2 % YTD.
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
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 do
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
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 do
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 dollar.
If company ABC (Rating: AAA) wanted to
issue bonds
at 5.00 % their competitor XYZ (Rating: AA) would have to pay a
higher yield to attract the equivalent investment because of the perceived lesser quality of their debt.
High Yield, as measured by the S&P U.S.
Issued High Yield Corporate Bond Index, on the other hand was
at the same -0.11 % a day prior on Feb 4th but has been able to lift itself up to the current 0.76 % MTD and is returning 1.53 % year - to - date.
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.
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.
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.
yield (
yield to worst) up by 22bps since last week to end at 4.
yield to worst) up by 22bps since last week to end
at 4.88 %.
The total rates of return performance for both the S&P U.S.
Issued High Yield Corporate Bond Index and the S&P / LSTA U.S. Leveraged Loan 100 Index on the month are in step
at a 0.57 % and 0.60 % respectively.
During the past several years, Federated has had to regularly
issue money market fund fee waivers in order to keep funds
at a neutral or positive
yield, versus historically — in a more normal historical interest rate environment — being able to count on money market funds to generate
higher profits.
At the end of May 2015, the S&P U.S.
Issued High Yield Corporate Bond Index had a YTD return as high as 4.08 %, but it has returned 1.18 %
High Yield Corporate Bond Index had a YTD return as
high as 4.08 %, but it has returned 1.18 %
high as 4.08 %, but it has returned 1.18 % YTD.
The Barclays Capital
High Yield Very Liquid Index includes publicly issued U.S. dollar denominated, non-investment grade, fixed - rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high - yield (Ba1 / BB + / BB + or below) using the middle rating of Moody's, S&P, and Fitch, respectively (before July 1, 2005, the lower of Moody's and S&P was used), and have $ 600 million or more of outstanding face va
High Yield Very Liquid Index includes publicly issued U.S. dollar denominated, non-investment grade, fixed - rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high - yield (Ba1 / BB + / BB + or below) using the middle rating of Moody's, S&P, and Fitch, respectively (before July 1, 2005, the lower of Moody's and S&P was used), and have $ 600 million or more of outstanding face v
Yield Very Liquid Index includes publicly
issued U.S. dollar denominated, non-investment grade, fixed - rate, taxable corporate bonds that have a remaining maturity of
at least one year, regardless of optionality, are rated
high - yield (Ba1 / BB + / BB + or below) using the middle rating of Moody's, S&P, and Fitch, respectively (before July 1, 2005, the lower of Moody's and S&P was used), and have $ 600 million or more of outstanding face va
high -
yield (Ba1 / BB + / BB + or below) using the middle rating of Moody's, S&P, and Fitch, respectively (before July 1, 2005, the lower of Moody's and S&P was used), and have $ 600 million or more of outstanding face v
yield (Ba1 / BB + / BB + or below) using the middle rating of Moody's, S&P, and Fitch, respectively (before July 1, 2005, the lower of Moody's and S&P was used), and have $ 600 million or more of outstanding face value.
The Energy segment of the S&P U.S.
Issued High Yield Corporate Bond Index has a market weight of 16 % in the index and has returned 2.98 % MTD, while Ex-Energy is only
at 0.70 %.
With oil back up
at USD 50 (as quoted by the NYMEX light sweet crude oil futures), the energy sector (15 %) of the S&P U.S.
Issued High Yield Corporate Bond Index returned 5.73 % in February.
Any recession in the next five years will see the vast majority of corporations
issuing new debt in an environment where their coupons will be
at higher yields and their total total debts will be more difficult to service.
The Index includes publicly
issued U.S. dollar denominated, non-investment grade, fixed - rate, taxable corporate bonds that have a remaining maturity of
at least one year, but not more than fifteen years, regardless of optionality; are rated
high -
yield (Ba1 / BB + / BB + or below) using the middle rating of Moody's Investors Service, Inc., Fitch Inc., or Standard & Poor's Financial Services, LLC, respectively; and have $ 500 million or more of outstanding face value.
In the case of Arrowhead, its subsidiary, Cumulative, which holds 100
high -
yielding office, retail and industrial properties valued
at R1.9 billion, will be acquired by Synergy in return for the
issue of Synergy B shares to Arrowhead.