Sentences with phrase «junk bond»

NEW YORK, Aug 14 (Reuters)- The global junk bond default rate rose to 1.79 percent in July from 1.44 percent in June as U.S. financial and real estate firms struggled to keep up with debt payments, Standard & Poor's said on Thursday.

That said, I see it as being equally relevent that what carried a AAA rating was, intruth, a junk bond and that sale upon such representation to be at least a serious tort and quite probably a financial fraud.

The structural issue at work encouraging the deal - making is that cash flow yields are markedly above junk bond yields, similar to the environment during the late «80s when the market in junk bonds flourished.

ETFs & Central Bank Policy, Technology Stocks & ETFs, Junk Bond ETFs, Treasury Bond ETFs, Stock Valuations & ETFs

The distressed segment of the junk bond market has the most concentrated trading activity indicating that the majority of bonds in that segment are significantly less liquid.

However, the homogenization of the US corporate bond markets is worrisome and should begin to raise some eyebrows in the junk bond markets.

«junk bond king» wrote a thesis that two percentage points were enough compensation for the likely higher default rate of a junk bond fund over a corporate bond fund.

The main danger of a junk bond fund is that there will be a higher rate of bankruptcy / default than in an investment grade bond fund.

That said, the investment grade corporate bond market, the junk bond market, and the bank loan markets can't have a better year in 2010.

They trade as if there is no conversion option, and some clever junk bond managers buy them, knowing that if a few of them have stocks that rally significantly, they will make enough extra money to aid their performance.

Maybe private equity troubles will be a harbinger of the next junk bond bear market.

Bonds are rated by agencies like Moody's and Standard and Poor's from AAA to junk bond as a gauge of the level of counterparty risk.

Would you buy a junk bond or a high yield bond?

Early start - up capital for K12 came from junk bond king Michael Milken, Larry Ellison of Oracle, and Andrew Tisch of Lowe's Home Improvement.

The founder of K12 INC, the Junk Bond King Michael Milken, already owns a national preschool program called Kinder Care.

When Michael Milken, the junk bond king, was let out of prison, he said that he wanted to be involved in education because he considered it one of the biggest moneymakers for American business.

All this changed when the junk bond market crashed in the late 1980s and Drexel Burnham Lambert subsequently folded in 1991.

The cast includes»80s sitcom - killer Ted McGinley (soon to find a long - term home on «Married... with Children») as Jenny's wealthy junk bond trader fiancé.

Then huckster soy as a prevention for prostate cancer through Michael Milken, former junk bond financier.

Both Fulton and Fishkill have near junk bond status, the board members said, as well as a low «fund balance» of cash to help them bridge potential budget gaps.

After the drop to junk bond status, he said he had taken steps to address the town's fiscal problems, but «it wasn't enough.»

«I don't want to alarm anyone, but I think it's safe to say that we should see this as a $ 3 billion budget deficit... The state of California has had to pass out IOUs, which has reduced their credit rating to Triple - B, which is one status above junk bond.

He was involved in a junk bond visa scam, which further exposed an incredible abuse of the Presidency.

Wall Street investment bank Jefferies has recently sidelined a seven - year junk bond veteran to bring in a top trader from Citigroup — and has caused a split among some of...

«We have gone from near junk bond status to the A category in just three years.»

Oyster Bay is reeling from scandals involving an influential restaurateur, a former town official and financial problems that triggered a ratings agency to recently downgrade the town's debt to «junk bond» status.

Gaughran's proposal feeds off Oyster Bay's downgrade, allowing for a recall election if a municipality's status is lowered to «junk bond» status.

and junk bond dealers.

Witness Third Avenue mutual funds shuttering its junk bond funds.

A few months earlier, in connection with insider trading scandals, the Securities and Exchange Commission had sued Drexel and the man who built its junk bond business, Michael Milken.

By assets, the most popular junk bond ETF is the $ 14 billion iShares iBoxx $ High Yield Corporate Bond ETF (HYG B - 68).

They start defaulting on their junk bond debt.

He said, «Look, there's a great over-extension in the junk bond market, they're going to go down».

After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst.

It helps to be a worldclass economist - historian, to have been a trader and Managing Director of Drexel Burnham Lambert when the firm was the junk bond king of Wall Street, to have lived in Hong Kong for a quarter of a century, and to have a contact book crammed with the home numbers of many of the movers and shakers in the financial world.

On the table for discussion is the recent and massive sell - off in the junk bond sector.

Junk bond sales were 20 % higher in 2017 than in 2016, with a total of $ 275 billion priced.

Time was not on our side — after being cash flow positive for almost a decade we had been hit hard by the junk bond credit crisis that started in mid 1990.

The law firm is best known for its successes in recovering billions of dollars in damages in the Drexel Burnham / Michael Milken junk bond case, The Exxon Valdez case, and recent tobacco and Holocaust cases, and many others.

When the Fed decided to terminate the junk bond business to prevent the real estate market from blowing up, all of our customers in North America, and Europe, suddenly stopped buying at the same time.

(However, HYG and junk bond funds are continuing to rally as the hunt for yield continues)

This fund is also called a junk bond.

For example, in a world where short - term interest rates are zero, Wall Street acts as if a 2 % dividend yield on equities, or a 5 % junk bond yield is enough to make these securities appropriate even for investors with short horizons, not factoring in any compensation for risk or likely capital losses.

There are various ways to participate in the Junk Bond rally that is just underway - from purchasing individual corporate bonds to diversifying risk with double - digit yielding Bond ETFs, Mutual Funds and individual corporate paper.

The CNN Fear & Greed Index monitors seven market factors, including stock price momentum, stock price strength, stock price breadth, put and call options, junk bond demand, market volatility and safe haven demand, by calculating how far they have veered from their averages relative to how far they normally veer, on a scale of 0 to 100, with 0 indicating fear and 100 greed.

The striking similarities between insolvent Puerto Rico and the Land of Lincoln serve as a dire warning: Without real reforms, Illinois won't be able to shake off an eventual junk bond rating or get off the path to financial ruin.

We've even uncovered some rockstar junk bond managers.

A partial but not complete list of worries includes: China melt down, Yuan reevaluation after effects or Taiwan action, global biomedical epidemics, e.g. Avian Flu, or bioterrorism outbreaks, trade wars (China, EU), major hedge fund bankruptcies, a PBGC (Pension Benefit Guaranty Corp.) shortfall crisis, major junk bond or emerging market bond default, a bank derivative blowup, Fannie Mae issues plus possible assorted natural disasters.

Readers have no doubt noticed that numerous inter-market correlations seem to have been suspended lately, and that many things are happening that superficially seem to make little sense (e.g. falling junk bond yields while defaults are surging; the yen rising since the BoJ adopted negative rates; stocks rising amid a persistent decline in earnings growth; bonds, gold and stocks moving in unison, etc., etc.).

The junk bond bubble, in particular, stands in sharp and stark refutation of whatever stocks might be incorporating, especially if that might be based upon assumptions of Yellen's re-found backbone.