According to Standard & Poor's, about 40 emerging -
market bond issuers were on the brink of default as of year - end 2016.
Not exact matches
With the Fed actively buying securities on the open
market, the additional demand means
bond issuers can promise lower yields and still attract investment.
Amazon has been an infrequent
issuer in the investment - grade
bond market, with only $ 7.8 billion of debt outstanding as of June 30.
The secondary
market is composed of
bonds that were issued in the past and may be traded until redeemed by the
issuer.
a government, corporation, municipality, or agency that has issued a security (e.g., a
bond) in order to raise capital or to repay other debt; the
issuer goes to an underwriter to get their securities sold in the new issue
market; for certificates of deposit (CDs), this is the bank that has issued the CD; in the case of fixed income securities, the
issuer of the security is the primary determinant of the security's characteristics (e.g., coupon interest rate, maturity, call features, etc..)
New issues have a significant presence in the
bond market as
issuers are constantly entering the
market to «roll» their existing debt as well as create new debt.
FLIA will invest in fixed - and floating - rate
bonds from the full range of governmental and corporate
issuers representing developed
markets other than the U.S..
Bonds are weighted according to their
market value; however, individual
issuers are capped at a maximum of 3 %.
Generally, among asset classes, stocks are more volatile than
bonds or short - term instruments and can decline significantly in response to adverse
issuer, political, regulatory,
market, or economic developments.
Issuers may be located in any geography, but holdings must be either denominated in one of the G10 currencies, or issued outside of the home
market of the issue currency — effectively excluding local - currency emerging -
market bonds.
Professional portfolio managers and analysts have the expertise and technology to research the creditworthiness of
bond issuers and analyze
market information before making investment decisions.
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.
Our careful
market analysis enables us to build diversified
bond strategies that include a range of
issuers, regions, sectors, and maturities as we seek to generate income while managing risk.
Last month, the U.S. - based coffee company debuted in the international
markets with the first ever yen sustainability
bond by a non-Japanese
issuer.
Their careful
market analysis enables them to build diversified
bond strategies that include a range of
issuers, regions, sectors, and maturities to generate income while seeking to help manage risk.
Historically, the green
bond market has been driven by supranational development organizations, including the World Bank and International Finance Corporation (IFC), and they continue to be the most active
issuers.
One feature of
bond markets that limits their liquidity is that individual
issuers may have a large number of different securities outstanding.
Because it is impossible to know when an
issuer may call a
bond, you can only estimate this calculation based on the
bond's coupon rate, the time until the first (or second) call date, and the
market price.
But the debt
markets have a fairly deep bench when you really start drilling down into the different maturities, sectors, structures and
bond issuers.
For years, friendly debt
markets have allowed
issuers to push the «maturity wall» — where tons of
bonds come due simultaneously across the high - yield
market.
While all
bonds are denominated in U.S. dollars, the fund's broad geographic exposure includes the U.S., developed
market, and emerging
market issuers.
For a complete listing of specific
issuer information, such as official statements,
issuer disclosures and municipal
bond pricing, please visit the MSRB's Electronic Municipal
Market Access (EMMA) at www.emma.msrb.org.
In the days since UK Prime Minister David Cameron confirmed the date of the referendum,
markets have experienced some volatility focused on UK - specific assets; spreads for some UK
issuers of euro - denominated
bonds have widened considerably for no apparent reason, which suggests to us that a lot of Europeans are selling their UK exposure.
Here, we see
bond to EFFR ratios recently falling — that's good news for
bond issuers, but bad news for the Federal Open
Market Committee (FOMC) as transmission of expected and actual EFFR increases has been dampened as EFFR passes through credit classes.
The
market has yet to reach critical mass, but given the kinds of projects funded by state and local governments, «the
market should be a natural
issuer of green and social impact
bonds,» notes Victoria Irving, Equity Strategist for the Global Sustainability Research team.
IFIX tracks the Barclays Global Aggregate Corporate Ex USD
Bond Index (USD Hedged), which covers 3,450
bonds denominated in 18 different currencies from 732 different
issuers in developed and emerging
markets.
HSBC is a member of the International Capital
Market Association's (ICMA) Executive Committee for the Green
Bond Principles, which are a set of voluntary standards for
issuers of green
bonds.
According to Bloomberg, as of June 15, 2016, more than 60 % of the
issuers in the iShares J.P. Morgan USD Emerging
Markets Bond Index are rated investment grade.
The stars aligned in spectacular fashion for the municipal
bond market in 2014: Low supply amid solid demand, improving fiscal conditions among state and local
issuers, and a broad drop in interest rates (and rise in
bond prices) helped make munis one of the top - performing fixed income asset classes of the year.
Bond prices may fall or fail to rise over time for several reasons, including general financial
market conditions, changing
market perceptions of the risk of default, changes in government intervention, and factors related to a specific
issuer or industry.
Consider these risks before investing:
Bond prices may fall or fail to rise over time for several reasons, including general financial
market conditions, changing
market perceptions of the risk of default, changes in government intervention, and factors related to a specific
issuer or industry.
The amount that the holder of a
bond will be paid by the
issuer at maturity, which can differ from the
bond's value on the open
market.
Emerging
markets often do not provide legal remedies for bondholders comparable to those available to bondholders in the United States, and it may not be possible to dispose of
bonds of distressed
issuers.
Additionally, in terms of
market structure, some of the
issuers in the offshore
market are foreign names and a portion of the offshore RMB
bonds received international
bond - level ratings, whereas the onshore
market is dominated by domestic
issuers, and they are rated by local ratings agencies only.
Liquidity: Due to the large number of U.S. municipal
bond issuers and the sheer number of municipal
bonds outstanding the depth of liquidity for U.S. municipal
bonds has been a factor impacting the
market for decades.
The index will rank U.S. Treasuries, U.S. investment grade corporate
bonds, U.S. investment grade mortgage backed securities, U.S. high yield debt and U.S. dollar denominated debt of emerging
market issuer according to their momentum / trend scores.
Our extensive selection of
bonds covers the entire fixed income
market, allowing you to narrow your choices by
issuer, maturity, yield, and credit quality.
Because it is impossible to know when an
issuer may call a
bond, you can only estimate this calculation based on the
bond's coupon rate, the time until the first (or second) call date, and the
market price.
Consider these risks before investing: Stock and
bond prices may fall or fail to rise over time for several reasons, including general financial
market conditions, factors related to a specific
issuer or industry and, with respect to
bond prices, changing
market perceptions of the risk of default and changes in government intervention.
Diversifying with international corporate
bonds can potentially reduce exposure to
market variations of a single currency,
issuer, and asset class.
For
bonds, purchasing on the primary
market means you buy directly from the
bond's
issuer and pay face value.
Consider these risks before investing:
Bond prices may fall or fail to rise over time for several reasons, including general financial
market conditions, changing
market perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates), changes in government intervention in the financial
markets, and factors related to a specific
issuer or industry.
Illiquid asset Immediate - or - cancel Income
bond Income statement Indenture Index Indication of interest Individual Retirement Account (IRA) Industrial revenue
bonds Inflation Inflation rate Initial public offering Inside
market Insider Instinet Institutional investor Intangible drilling and development costs Integration Interbank
market Interest Intermarket Trading System (ITS) Interpositioning In - the - money Intrastate offering Intrinsic value Introducing broker / dealers Inventory Inverted head and shoulders pattern Investment Investment adviser Investment Advisers Act of 1940 Investment banker Investment Company Investment Company Act of 1940 Investment contract Investment grade securities Investor brochure In - whole call IOC IPO Issue
Issuer
The RAFI website states that «traditional
bond indices weight
issuers solely by the
market value of each firm's outstanding debt with no regard to underlying firm fundamentals.»
That doesn't mean the amount the
issuer must pay when a
bond matures changes, but it does change the amount you will be able to sell a
bond for in the secondary
market if you need the money before the maturity date.
In addition to the credit worthiness of the
issuer, the price of a
bond on the secondary
market is determined by several factors including the interest it pays, its face value and its duration or how long it is until it matures and the
issuer repays the amount borrowed.
Despite the ongoing price change in any
bond market, if a
bond is held to maturity, investment principal is paid back by the
issuer.
Their careful
market analysis enables them to build diversified
bond strategies that include a range of
issuers, regions, sectors, and maturities to generate income while seeking to help manage risk.
In general, stocks are subject to greater price fluctuations and volatility than
bonds and can decline significantly in value in response to adverse
issuer, political, regulatory,
market, or economic developments.
Our careful
market analysis enables us to build diversified
bond strategies that include a range of
issuers, regions, sectors, and maturities as we seek to generate income while managing risk.