That means more companies need to come directly to the bond market; having a larger,
more liquid bond market should help with that environment.
At launch, a fund might be highly sampled and only hold the larger,
more liquid bonds in its index.
The higher minimum par amount outstanding enables S&P DJI's indices to capture the market's performance while also providing a universe of
more liquid bonds.
As an additional validation, the insured bond market performance as compared to larger
more liquid bonds in the S&P National AMT - Free Municipal Index also seems to be at a parity, at least so far in June.
At launch, a fund might be highly sampled and only hold the larger,
more liquid bonds in its index.
Not exact matches
If policymakers, however, resolve to have no government involvement at all, the
bond market will price it out for you, but the likely outcome is a residential mortgage market that is smaller,
more expensive, and less
liquid.
More broadly, the regulatory agencies in the United States and the Financial Stability Board internationally have work under way focusing on possible fire - sale risk associated with the growing share of less
liquid bonds held in asset management portfolios on behalf of investors who may be counting on same - day redemption when valuations fall.
As a result, pension funds have had to go out on the risk curve, taking
more risk to glean
more return by investing, in part, in assets that are not as
liquid as stocks or
bonds.
Cash
more liquid but
bonds you'll get a better yield and
more of a flight to safety during the down times (usually).
Facing redemptions of less than 2 percent of assets, it's possible that many
bond funds could have met redemptions simply by drawing down cash or other
liquid assets (after all,
bond mutual funds held
more than $ 200 billion in short - term
liquid assets at the end of May).
Banks may be willing to pay higher prices for
more liquid, on - the - run (most recently issued)
bonds as part of a liquidity management program.
What is interesting, however, is that these credits are extremely
more liquid than other corporate
bonds, thus
more sensitive to headline news.
For example, shares in a mutual fund, which can be sold at will, are
more liquid than a Treasury
bond, which pays interest once a year and can take a decade to mature.
They are, however,
more liquid than most CDs or
bonds, Kaye noted.
That happens because as thermal energy becomes ever less available, chemical
bonds within the
liquid constrain the atomic motion
more and
more.
The authors suggest that wealthy black parents are less able to transfer wealth to their kids than their white counterparts, perhaps, due in part to having fewer
liquid assets such as stocks,
bonds and savings, which can be passed down
more easily to the next generation.
Fatty acids that are
liquid at room temperature are called unsaturated fat and tend to have
more double
bonds.
I use crystal bowls rather than the
more popular metal Tibetan bowls because the human body is almost 100 % made of crystalline structure from the bones in the body that use crystalline structures for their amazing strength to the fluids in the body that are
liquid crystals and in so being can uniformly
bond to each other in a supportive way.
Oils are
liquid at room temperature because their triglycerides are composed of relatively
more flexible unsaturated fatty acids, both mono - unsaturated (one double
bond) and poly - unsaturated (two or
more double
bonds)
Alternative investments, including commodities, involve a higher degree of risk and can be
more volatile and less
liquid than shares and
bonds.
Bond funds are
more liquid (much easier to buy and sell) than individual
bonds.
Compare this to perhaps a slightly higher fee, active high yield
bond manager who only holds
more liquid, higher quality positions with an investor base perhaps not as eager to hit that sell button during periods of market turmoil.
Another point is that there can be mark - ups in
bonds and thus it isn't necessarily that you are making
more in trading
bonds assuming one is buying
bonds on the secondary market that may not be as
liquid as a mutual fund.
For example, a
bond may be considered
more liquid relative to another one if a larger portion of its total outstanding is traded over a one - month period.
Some
bonds are
more liquid than others.
The index series is designed to be a
more liquid and investable subset of the S&P 500
Bond Index, which seeks to track debt issued by companies in the S&P 500.
The long high yield corporate
bond positions included in the index are designed to represent the
more liquid universe of high yield
bonds for sale within the United States.
The larger corporate
bond market tends to be
more liquid.
My point was that covered
bonds remained among the most
liquid markets around at the time (still not very
liquid), and far
more liquid than European mortgage backed securities.
a proposal to purchase securities at a specified price; bids are infrequently available for municipal
bonds and certificates of deposit (CDs) as compared to
more liquid fixed income securities, such as U.S. Treasuries and corporate
bonds
Accessibility Information about a company's preferred shares is easier to obtain than information about the company's
bonds, making preferreds, in a general sense, easier to trade (and perhaps
more liquid).
The investment grade portion of the index offers exposure to the
more liquid, cash - pay
bonds.
Investing in less
liquid items that grow on their own, like stocks,
bonds, interest bearing accounts... these are much
more efficient ways to build wealth.
Bonds with improving credit quality tend to become more liquid, and vice-versa for bonds with deteriorating credit qua
Bonds with improving credit quality tend to become
more liquid, and vice-versa for
bonds with deteriorating credit qua
bonds with deteriorating credit quality.
The nice think about
bond ETFs is that they are much
more liquid than holding the underlying
bonds.
While illiquid
bonds had slightly higher credit spreads and directionally higher average returns, portfolios that tilt toward (away from) less (
more)
liquid bonds exhibit considerably higher levels of volatility.
The CMBs were even
more liquid and traded at a very small premium to Canadian government
bonds.
I often dealt in some of the least
liquid corporate
bonds, and I was patient, and even willing to break rules by holding
more than 20 % of a given issue.
That would usually elicit a comment from my coverage akin to, «The analyst thinks spreads have widened out for that credit because spreads in that industry have widened out, and a less
liquid bond would widen out
more.
Why not replace it with equally safe and
liquid assets that offered considerably
more yield, like
bonds backed by AAA - rated subprime or Alt - A mortgage collateral?
This was
more liquid than the comparable high yield
bond market activity levels of $ 6 billion.
They are much
more liquid than individual muni
bonds, but you can not simply buy or sell all you want as you can with open end funds.
With
more than $ 8 billion in average daily trading volume, the market for high yield CDS has been
more liquid than the high yield
bond market itself.
JA: You know with your comment about
bonds, let's say if I had a pension and Social Security, would you consider that my
bond alternative, and then potentially have
more stocks in my
liquid portfolio?
Implied inflation fell by
more than 250 basis points in the 2007 - 2009 period, as investors piled into the safest, most
liquid Treasury
bonds, and began to contemplate long - term deflation.
However, given you have the means to take
more risk a generally smarter scheme would be to invest much of the money in a broad
liquid bond funds with a somewhat lower percentage in stocks and then reduce the amount of stock each year as you get closer even moving some into cash.
Insured
bonds could be sold at AAA rates, and
bond managers would buy them
more easily because they were
more liquid.
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 value.
Fixed income ETFs, unlike individual
bonds, offer intraday electronic trading and are often
more liquid than the underlying baskets of
bonds they track.
For example, shares in a mutual fund, which can be sold at will, are
more liquid than a Treasury
bond, which pays interest once a year and can take a decade to mature.