This page includes relevant net income ratio and capital gain distribution information
on all Bank Loan Bond Funds.
In this table you will find short term historical return data, including total YTD return and 1 - year returns
on all Bank Loan Bond Funds.
Not exact matches
Based
on where
bonds are trading today, the market is saying about 5 % of those corporate
loans will go bust, or roughly $ 35 billion worth at the six biggest
banks.
These include currency - hedged ETFs, triple - levered ETFs based
on commodities, unconstrained
bond funds with short positions betting against U.S. Treasurys, private equity funds, emerging market debt instruments, historically less - liquid
bank loan funds, and all manner of actively managed strategies packaged in supposedly easy to buy and sell wrappers.
Bond holders,
banks, and IMF bear responsibility for having made irresponsible
loans to Greece, so it is not right for them to force yet more austerity
on Greece, says Michael Hudson.
Based
on BlackRock's long - term assumptions, some of the better return - to - risk ratios are in high yield
bonds, EM dollar - denominated debt and
bank loans.
Banks plunged as
bond yields continued to fall, which will mean lower interest rates
on loans.
Two centuries ago, French followers of Count Henry St. Simon outlined an industrial system that was to be based mainly
on equity financing (stocks) rather than debt (
bonds and
bank loans).
It doesn't matter if you are a fixed income investor considering purchasing
bonds issued by a company, an equity investor considering buying stock in a firm, a landlord contemplating leasing a property to an enterprise, a
bank officer making a recommendation
on a potential
loan, or a vendor thinking about extending credit to a new customer, knowing how to calculate it in a few seconds can give you a powerful insight into the health of company.
For example, an interest rate swap is a derivative whereby two parties exchange, or «swap,» interest payments
on a
bond; one side might get a constant 3 percent each payment period, while the other gets the LIBOR rate (a benchmark rate that some
banks charge each other for short - term
loans).
Immediate credit challenges include potential draws
on liquidity associated with rating triggers embedded in the city's letters of credit (LOCs), standby
bond purchase agreement (SBPA), lines of credit, direct
bank loans, and swaps [Oops —
banks can and should pull the plug].
Leveraged
loans are offered directly from
banks to borrowers — unlike
bonds, which are traded
on public exchanges.
«Commentators have noted that a
loan to an underwater
bank is a long - shot investment whose substantial downside easily justifies a 15 % to 20 % return, comparable to the rates charged
on risky sovereign
bonds.
The Fed's go - to move is tweaking its target for the federal funds rate, which is what
banks charge one another for
loans and the benchmark for our rates
on mortgages, credit cards and other debts, as well as savings accounts, CDs and Treasury
bonds.
It includes the obvious, such as what you earned
on that money you put aside in a
bank or money market account, as well as
on a few not - so - obvious sources:
bonds,
loans you made to others and even that piddling little amount your home lease security deposit brought in.
What top hedge funds have been buying [Hedge Fund Wisdom] Free e-book
on Texas HoldEm Investing [Texas Hold Em Investing] Latest letter from Greenstone Value Opportunity Fund [Distressed Debt Investing] Citigroup (C) offers attractive risk - reward [Greg Speicher] Video: How Berkowitz got comfortable with Citi [Morningstar] Summary of a recent talk with SAC Capital's Steven Cohen [Dealbook] How Stevie Cohen changed my life [James Altucher] Hedge funds buying more municipal
bonds [CNBC] Sum of the parts valuation of Yahoo (YHOO)[Minyanville] Buffett says pricing power more important than good management [Bloomberg] Passport Capital sees oil prices holding up [WSJ]
Bank loan funds drawing interest [InvestmentNews] For more great links, scroll through this linkfest [AbnormalReturns]
The alternative is to default
on their
bank loans or high - yield
bonds.
The mechanisms of this international capitalist recession, the latest of which, to date, some would like to see as the first crisis of world capitalism, are well known: contraction in production and trade; deflationary trends; massive growth in the volume of
loans accumulated by international
banks on countries or
on the major industrial and
banking groups,
loans which become transformed into irrecoverable debts; brutal capital withdrawals from countries by the major financial operators, which live from the revenue from parasitical investments in
bonds, shares and other derivatives.
There are laws regulating credit reporting agencies, laws regulating
bond rating agencies, laws regulating
banks, regulating savings and
loans, regulating credit unions, regulating financial institutions that lend to credit unions, establishing and regulating the federal reserve, regulating mortgage financing, regulating automobile financing, regulating export - import financing, and so
on and so
on.
On FAAC deductions totalling N2.3 bn, Jonah said
bond deduction gulped N1.2 bn, restructured commercial
bank loan N741m, commercial agricultural credit schemes one and two N162.3 m and foreign
loans, N28.76 m.
Banks involved in the lending and
bond sales are some of the state's most powerful, including KeyBank and M&T
Bank, whose
loans are secured by property and high - tech equipment
on the SUNY Poly campus
on Fuller Road.
If or when a credit event does occur with a
loan, the recovery rates
on bank loans are 86 %, much higher than the recovery rates secured, unsecured or subordinated
bonds.
This page provides useful information
on the minimum investment amounts needed, for regular investors and retirees, to invest in
Bank Loan Bond Funds.
The table below has information
on gross expense ratios, management fees, and other operational fees for all
Bank Loan Bond Funds.
However, income is generated from taxable or municipal
bonds, preferred stock, convertible
bonds,
bank loans, MLP's, REIT's, return of capital (ROC) or even income from «covered call writing» strategies
on the portfolio.
The plan is to invest tactically in a wide variety of security types including junk
bonds,
bank loans, convertibles, preferred shares, CDOs and so
on.
And the 2008 financial crisis is replete with examples of individual investors who bought ultrashort
bond funds or
bank loan funds with generous payouts
on the assumption that those investment were secure, only to see their values drop precipitously.
Syndication of the jumbo
loans is relying
on swift
bond and equity market refinancings to reduce
banks» commitments and allow them to recycle capital quickly.
The first and foremost reason why companies and government prefer issuing
bonds over
bank loans is that, even though an annual interest is paid to the
bond investor, it is almost at all times lower than the interest rates charged by
banks on loans, thus saving the government or the company some money.
Then the stocks, occasionally
bonds, and rarely
bank loans issued trade
on the secondary markets if they trade at all.
a) the
loan is free of interest; b) the minimum maturity period of the
loan is seven years; c) The amount of
loan is received by inward remittance in free foreign exchange through normal
banking channels or by debit to the NRE / FCNR account of the non-resident lender; d) The
loan is utilised for the borrower's personal purposes or for carrying
on his normal business activity but not for carrying
on agricultural / plantation activities, purchase of immovable property or shares / debentures /
bonds issued by companies in India or for re-lending.
Also,
on the fixed income side, I've been selling HY [DM: High Yield, aka «Junk»]
bonds, shortening duration, and buying floating rate
bank loans.
Eventually, the federal government will either have to make good
on hundreds of billions of dollars of
loans or force
banks and
bond investors, who purchased securitized student
loans, to take big losses.
Image: Chinese Imperial Gold
Loan 10This
bond was issued by the Chinese Emperor and backed by the HSBC
Bank at a time when China was desperately leaning
on financial support from the West.
While the public deal broke ground as the country's largest public
bond issue, the private placement presented a number of challenges from a legal perspective given the nature of the deal, which was purchased by Egypt's central
bank and used as collateral
on a series of
loans with international financial institutions.
Business Development: Brokering various business dealings that further the diversification of Indian economies Developing and accessing commercial financial programs and services for tribal governments, including tax - exempt offerings and federally - guaranteed housing
loans Serving as issuer or underwriter's counsel in tribal
bond issuances Ensuring tribal compliance with
Bank Secrecy Act and other federal financial regulatory requirements Handling federal and state income, excise, B&O, property and other tax matters for tribes and tribal businesses Chartering tribal business enterprises under tribal, state and federal law Registering and protecting tribal trademarks and copyrights Negotiating franchise agreements for restaurants and retail stores
on Indian reservations Custom - tailoring construction contracts for tribes and general contractors Helping secure federal SBA 8 (a) and other contracting preferences for Indian - owned businesses Facilitating contractual relations between tribes and tribal casinos, and gaming vendors Building tribal workers» compensation and self - insurance programs Government Relations: Handling state and federal regulatory matters in the areas of tribal gaming, environmental and cultural resources, workers» compensation, taxation, health care and education Negotiating tribal - state gaming compacts and fuel and cigarette compacts, and inter-local land use and law enforcement agreements Advocacy before the Washington State Gambling Commission, Washington Indian Gaming Association and National Indian Gaming Commission Preparing tribal codes and regulations, including tribal court, commercial, gaming, taxation, energy development, environmental and cultural resources protection, labor & employment, and workers» compensation laws Developing employee handbooks, manuals and personnel policies Advocacy in areas of treaty rights, gaming, jurisdiction, taxation, environmental and cultural resource protection Brokering fee - to - trust and related real estate and jurisdictional transactions Litigation & Appellate Services: Handling complex Indian law litigation, including commercial, labor & employment, tax, land use, treaty rights, natural and cultural resource matters Litigating tribal trust mismanagement claims against the United States, and evaluating tribal and individual property claims under the Indian Claims Limitation Act Defending tribes and tribal insureds from tort claims brought against them in tribal, state and federal courts, including defense tenders pursuant to the Federal Tort Claims Act Assisting tribal insureds in insurance coverage negotiations, and litigation Representing individual tribal members in tribal and state civil and criminal proceedings, including BIA prosecutions and Indian probate proceedings Assisting tribal governments with tribal, state and federal court appeals, including the preparation of amicus curiae briefs Our Indian law & gaming attorneys collaborate to publish the quarterly «Indian Legal Advisor ``, designed to provide Indian Country valuable information about legal and political developments affecting tribal rights.
We have extensive leveraged finance capability, delivering integrated
bank /
bond advice to underwriters and issuers, advising a wide range of non-
bank investors and funds
on all leveraged finance trends, including senior / bridge /
bond commitments, private high yield and evolving intercreditor arrangements; as well as
on new financing originations, restructuring, refinancing, distressed acquisitions, non-performing
loan portfolio acquisitions, private equity and special situations.
Since the rates at which
banks lend their money are largely based
on the interest rates offered by
bonds, regular folks looking to take out a mortgage or a
loan are facing higher costs.
Deutsche
Bank is a dominant player in the commercial - mortgage
bond market where
loans on everything from strip malls to skyscrapers are packaged into securities and sold to investors.