Liquidity risk is the risk that you won't find a good price for your bond when you want to sell it — because there are so many
more bond issuers than stock issuers, and because bonds are not exchange - traded, there may not be a willing buyer.
Not exact matches
Deutsche Bank and or / its affiliate (s) has a significant Non-Equity financial interest (this can include
Bonds, Convertible
Bonds, Credit Derivatives and Traded Loans) where the aggregate net exposure to the following
issuer (s), or
issuer (s) group, is
more than 25m Euros.
However, with thousands of ETFs to choose from,
more investors, including archerETF clients, are opting to build the bulk of their portfolio with ETFs: Canadian and foreign stocks and even
bonds of various
issuers and maturities.
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.
One red flag for lenders is that the volume of energy debt rated CCC or below — the weakest ratings among junk
bond issuers — has
more than doubled to $ 62 billion from a year ago, Fitch said in a June 12 report.
«This first phase includes navigational improvements to help investors
more easily find information about individual
bonds by drilling down through the intuitive map - based search functionality, and access clearly presented pricing, ratings and material information about individual
issuers and their securities.»
3 The iBoxx US dollar corporate
bond index, for example, comprises
more than 4,200
bonds from 1,200
issuers (associated with 900 companies), all with varying credit ratings, coupons and other structural features; see Tierney and Thakkar (2015).
If the
bond included a «call provision,» the
issuer can redeem it early, too — in order to issue new
bonds at a lower interest rate, for example — but usually pays you a little
more than the face value to do so.
It's not like the US went directly to China and signed up for a loan, so it's a
more general
bond -
issuer,
bond - holder relationship and not a bank loan type of relationship.
In 2015, HCR set a record for financing the creation or preservation of
more than 11,000 affordable homes and apartments and was the # 1
bond issuer in the nation with $ 2.5 billion issued.
In 2016, HCR set a record for the third year in a row, financing the creation or preservation of
more than 17,000 affordable homes and apartments, creating nearly 2,000 homeownership opportunities for first - time homebuyers, and was once again the # 1 affordable housing
bond issuer in the nation with $ 2.8 billion issued.
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.
When a
bond issue is underwritten, one or
more securities firms or banks, forming a syndicate, buy the entire issue of
bonds from the
issuer and re-sell them to investors.
On the downside, high - yield
bonds are riskier and some of the companies that issue them are that much
more likely to go to zero than a less risky
issuer.
The
issuers can only afford to pay you
more than the market rate for
bonds because they distribute the remaining principal from members of your cohort who die.
In general, the higher the
bond rating, the
more favorable the terms will be for the
bond issuer.
Bonds are considered less risky than stocks because
bond prices have historically been
more stable and because
bond issuers promise to repay the debt to the bondholders at maturity.
While defining a
bond is usually
more straightforward, the characteristics of a particular
bond can differ based on the type of
bond, the
issuer, and the investor's preferences.
Due to the success of Build America
Bonds, the program's features have been passed on to
more municipal
issuers.
This helps state and local government
issuers potentially issue
bonds that are
more attractive to investors which would normally be interested in the corporate
bond markets.
Turning tax credit
bonds into BAB - style
bonds is intended to make them
more attractive to
issuers, helping state
As credit conditions change, corporate
issuers experience different price responses, some
more extreme than others, allowing for rebalancing into the temporarily cheap
bonds of ultimately sound companies.
With the repeal of the FPR, Canadian
bond investors will now be using foreign
issuers to get better yields and
more diversification.
Investments in high - yield
bonds offer different rewards and risks than investing in investment - grade securities, including higher volatility, greater credit risk, and the
more speculative nature of the
issuer.
Exhibit 4 shows the annual returns in different time frames, where we can see in
more detail how similarly the corporate
bond markets have behaved for issuers from the U.S. and Mexico — as measured by the S&P 500 Bond Index (MXN) and S&P / BMV Corporate Eurobonos Bond Index, respectively — with three - year returns of 16.00 % and 16.56 %, respectively, and five - year returns of 15.68 % and 15.62 %, respectiv
bond markets have behaved for
issuers from the U.S. and Mexico — as measured by the S&P 500
Bond Index (MXN) and S&P / BMV Corporate Eurobonos Bond Index, respectively — with three - year returns of 16.00 % and 16.56 %, respectively, and five - year returns of 15.68 % and 15.62 %, respectiv
Bond Index (MXN) and S&P / BMV Corporate Eurobonos
Bond Index, respectively — with three - year returns of 16.00 % and 16.56 %, respectively, and five - year returns of 15.68 % and 15.62 %, respectiv
Bond Index, respectively — with three - year returns of 16.00 % and 16.56 %, respectively, and five - year returns of 15.68 % and 15.62 %, respectively.
But over the long haul, the
bonds» high yields have
more than compensated for
issuers that go bust.
Our investment team will typically select 25 to 50 different
bonds ** per account — with no single
issuer making up
more than 15 % of a national portfolio.
The index tracks over 79,000
bonds from over 22,000 different
issuers, and it represents a market value of
more than USD 1.5 trillion.
For example, I could — could — ask a borrower
more detailed questions than I could from a muni
bond issuer, corporate
bond issuer, etc..
As
more foreign
issuers access the Canadian debt markets, domestic Canadian
bond issuers will pay
more for their financings.
By giving
bond investors
more targeted exposure, Kletz says investors get an «efficient means to adjust the duration, credit and
issuer profiles in their portfolios.»
Bonds are much more highly correlated to equities lately, but that could be due to much lower interest rates pushing more of the risk of bonds to the credit worthiness of the issuer, increasing correla
Bonds are much
more highly correlated to equities lately, but that could be due to much lower interest rates pushing
more of the risk of
bonds to the credit worthiness of the issuer, increasing correla
bonds to the credit worthiness of the
issuer, increasing correlation.
Many
bonds give the
bond issuer the right to repay the
bond early — which happens
more often when rates are low, in other words, just when you don't want your money back.
The following report includes a company - by - company comparison of Canadian high yield
bonds» covenant strength based on Moody's Covenant Quality Assessments: The Canadian High Yield Bond Market: Frequently Asked Questions Canadian Corporations: Canadian High - Yield Bonds Continue to Offer More Protection Than US Issues Canadian High - Yield Bonds Offer More Investor Protection Than US Bonds The following report summarizes how Moody's rates and analyzes nonfinancial speculative - grade issuers in the Canadian market: High Yield Insights for Canadian Inve
bonds» covenant strength based on Moody's Covenant Quality Assessments: The Canadian High Yield
Bond Market: Frequently Asked Questions Canadian Corporations: Canadian High - Yield
Bonds Continue to Offer More Protection Than US Issues Canadian High - Yield Bonds Offer More Investor Protection Than US Bonds The following report summarizes how Moody's rates and analyzes nonfinancial speculative - grade issuers in the Canadian market: High Yield Insights for Canadian Inve
Bonds Continue to Offer
More Protection Than US Issues Canadian High - Yield
Bonds Offer More Investor Protection Than US Bonds The following report summarizes how Moody's rates and analyzes nonfinancial speculative - grade issuers in the Canadian market: High Yield Insights for Canadian Inve
Bonds Offer
More Investor Protection Than US
Bonds The following report summarizes how Moody's rates and analyzes nonfinancial speculative - grade issuers in the Canadian market: High Yield Insights for Canadian Inve
Bonds The following report summarizes how Moody's rates and analyzes nonfinancial speculative - grade
issuers in the Canadian market: High Yield Insights for Canadian Investors
For this reason, the
more risk you are willing to take that the
bond issuer won't repay your principal (default), the higher the interest you'll get from a
bond.
Today, emerging - market governments — which are easily the biggest
issuers of emerging - market debt — are
more likely to sell
bonds denominated in their own currencies.
Mordy adds the caveat that ZDB may expose investors to
more corporate
issuer risk than a broad market
bond ETF like BMO Aggregate Bond Index (Z
bond ETF like BMO Aggregate
Bond Index (Z
Bond Index (ZAG).
If a less specific group of
bonds can be delivered to create a new unit, i.e., the
bonds must satisfy certain constraints on
issuer percentages, issue sizes, duration [interest rate sensitivity], convexity [sensitivity to interest rate sensitivity], sector percentages, option - adjusted spread / yield, etc., then arbitrage can proceed
more rapidly, and premiums over NAV should be smaller.
The Fund will not purchase a debt security that is rated less than Caa / CCC by Moody's or S&P, respectively, and will only purchase an unrated debt security if the Fund managers believe that the security is of at least B quality, subject to a limitation that the Fund may not hold
more than 20 % of its net assets in debt securities that are rated less than B or that are unrated debt securities of similar quality, based on the Fund managers» fundamental analysis of the
issuer and of rated
bonds issued by similar
issuers.
One difference between stock and
bond investors is that
bond investors viscerally understand that if a creditor issues
more debt, we don't necessarily want to own
more of that
issuer's debt.
Build green enabling institutions — Green Investment Units and Banks are needed; Give tax incentives for climate
bonds — very little treasury loss can be a big boost to investment; Build an economic recovery narrative — the transition to a green economy revamps our economy across every sector and addresses the climate change threat; Use Climate
Bond Standards as a screening and preferencing tool — a tool that helps investors monitor and verify the climate effectiveness of their investments; Make it easy for politicians — bond investors and business issuers have to get better at packaging politically sellable solutions, help politicians see how they can successfully sell those plans to voters - See more at: http://www.climatebonds.net/#sthash.djXU6k6I.
Bond Standards as a screening and preferencing tool — a tool that helps investors monitor and verify the climate effectiveness of their investments; Make it easy for politicians —
bond investors and business issuers have to get better at packaging politically sellable solutions, help politicians see how they can successfully sell those plans to voters - See more at: http://www.climatebonds.net/#sthash.djXU6k6I.
bond investors and business
issuers have to get better at packaging politically sellable solutions, help politicians see how they can successfully sell those plans to voters - See
more at: http://www.climatebonds.net/#sthash.djXU6k6I.dpuf
A combination of factors, including tighter
bond spreads, still low interest rates and
issuers» growing level of comfort with risk retention rules, has been responsible for a
more energized market, Trepp researchers report.