Sentences with phrase «on bond debt»
The board is looking at how to finance the improvements, because the state put a cap on bond debt — the district's usual method of financing — and requires using limited tax bonds.
http://articles.chicagotribune.com/ Not exact matches
The European Central Bank on December 3 dropped one of its main policy rates to negative 0.3 % from negative 0.2 % and said it would extend its bond - buying program, under which it creates euros to purchase debt, to at least March 2017.
Unless there is some wrinkle to the green bond plan that has yet to be revealed, this appears to be just a way for the province to load up on debt.
It is not as if Ontario is having problem finding takers for its debt and yields on the province's bonds are competitive with other provinces.
«If they do target aggressively the 2 percent inflation target, and undertake a significant amount of QE, that may have an impact on underlying JGB (Japanese government bond) yields as investors become concerned over Japan's debt,» he said.
The interest rate on 10 - year bonds was 1.79 % at the end of 2014 — about half as much as the federal government had to offer to get investors to buy its debt a decade ago.
Although there may not be a bond bubble, with investors starved for yield, Gundlach predicts a potential bubble could form in credit risk as investors increase their leverage on riskier debt securities like junk bonds and emerging market debt.
Although no state has defaulted on general obligation bonds in over 80 years, the 19 th century witnessed numerous instances in which states - and the Florida territory - defaulted on their debts or even repudiated them outright.
The Penn Wharton Budget Model predicts the added debt eventually would reduce economic growth, as money that might have been spent on productive investment instead ends up in the market for government bonds.
With most of these debts being held by Chinese entities, it's unlikely we'll see a banking crisis in the same way we could have seen if Greece or Spain went belly up, said Lau — many foreign banks hold European bonds — but we've seen markets panic on far less worrisome Chinese news in the past.
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.
For instance, under recent scrutiny are negotiable certificates of deposits (NCD), a kind of short - term bond, and niche products like perpetual notes, a long - term debt instrument that can be listed as equity rather than debt on balance sheets.
Moody's has today also placed Spain's Baa3 government bond rating on review for possible further downgrade in order to assess the implications of several factors on the Spanish government's ability to continue to fund its borrowing requirements in the private debt markets.
The yield on Greece's three - year bond, which has surged from 4 % to 13.5 % since October, is now reflecting serious expectations that the country may end up outside of the Eurozone and unable to repay its euro - denominated debts.
For ratings issued on a program, series or category / class of debt, this announcement provides relevant regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category / class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices.
Early on, Swart predicted that smart issuers will use a reverse convertible debt note, that is, stock that becomes a bond, an idea that so baffled the audience in Boulder that he had to repeat it twice.
NEW YORK, Jan 10 - Federal Reserve policymakers reacted coolly to a report on Wednesday that China could curb its massive U.S. debt purchases, pointing out that such rebalancing by countries can be healthy and would not likely disrupt the U.S. central bank's plan to trim its own bond portfolio.
China may witness its first local government bond defaults, although the timing was uncertain, Fitch Ratings said in a press release issued on Sunday, amid persistent concerns over high debt levels in the world second largest economy.
On Monday, the state planner issued new rules for companies which are planning to issue bonds to put more pressure on debt - laden local governments to get their finances in ordeOn Monday, the state planner issued new rules for companies which are planning to issue bonds to put more pressure on debt - laden local governments to get their finances in ordeon debt - laden local governments to get their finances in order.
Meanwhile, in Detroit, the city initially classified its general obligation bonds as unsecured debt before settling with creditors for less than 100 cents on the dollar.
Independent bond research firm Gimmie Credit downgraded the debt of the giant chemical company on Tuesday, saying Peltz's pressure may end up forcing DuPont's executives to do something «materially harmful» to the company.
BRAZZAVILLE, April 19 (Reuters)- Congo Republic's current efforts to restructure its external debt will not affect multilateral creditors or holders of its Eurobond and regional bond, Prime Minister Clement Mouamba said in a statement late on Wednesday.
Until the wayward states knuckle under, the ECB will hide behind EU rules against monetizing sovereign debt and let rising bond yields keep the pressure on politicians.
Second, the average time to maturity on U.S. debt is six years, meaning that most of the low - yielding bonds now on the books will be exchanged for more expensive debt over the next decade.
Your approach to stocks, bonds, retirement savings and personal debt will vary greatly depending on your personality.
The yield on a Treasury bill represents the return an investor will receive by holding the bond to maturity, and should be monitored closely as an indicator of the government debt situation.
September 2003 (188 kb PDF file): Research summaries on sovereign bonds and public debt management and on international trade; country study: Sweden; summaries of new study on deflation and recent book: Sweden's Welfare State; contents of latest issue of IMF Staff Papers; visiting scholars at the IMF; titles of recent IMF working papers; list of external publications by IMF staff.
Those payments cover both the loan payment to the state and 90 percent of the annual debt service on bonds the city issued to build the arena, city Finance Director Todd Hurley said.
yields will hit the highs on close end of the day... equity markets setting up to be slammed tomorrow maybe but today they have run over weak shorts in the face of rates... the federal reserve see's this and again will wonder if they are behind on hikes, strong data, major expansion in credit, lack of wage growth rising bond yields and ballooning debt... rates will go much higher and equities will have revelations as to what that means for valuations
an interest - bearing promise to pay a specified sum of money (the principal amount) on a specific date; bonds are a form of debt obligation; categories of bonds are corporate, municipal, treasury, agency / GSE
«Her comments on their face are wrong,» said Christopher Whalen, senior managing director at Kroll Bond Rating Agency and author of «Inflated: How Money and Debt Built the American Dream.»
Yields on U.S. government bonds are already some of the highest in the sovereign debt markets and are attractive to non-U.S. buyers on an absolute and relative basis.
It also appears that the ECB will concentrate on reducing its purchases of government (rather than corporate) bonds, but here issuance is increasing, with the net amount of eurozone government debt set to expand in 2018, in contrast to the contraction seen over the previous 18 months.
«As the U.S. economy slowed and Europe's debt crisis worsened, investors sought the safety of Treasuries and sold the bonds PIMCO had bet on, leaving the fund trailing 89 % of competitors in August and 67 % this year through Sept. 8.»
Debt covenants may soon become just another issue in the already long list if Valeant defaults on its bond indentures.
The hedge fund would break even on its debt investment if the Berkshire bid prevails because gains in some parts of its debt holdings, which would be paid out in full, would offset losses in the unsecured bonds it holds, where it would take a deep haircut, the people said.
Bloomberg also said that fund manager Bill Gross raised the amount of insurance the fund provides on sovereign debt and invested $ 1.3 billion into Italian Treasury bonds linked to inflation.
The company suspended trading this month on more than $ 2 billion worth of bonds and said it would seek to restructure its debt.
The Department of Finance attributes the increase in public debt charges due to inflation adjustments on real return bonds and a higher stock of interest - bearing debt.
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.
Still, defaults on bonds or other forms of non-bank debt typically don't end up in bankruptcy.
Public debt charges were $ 141 million lower -LRB--0.6 %), largely reflecting lower CPI adjustments on Real Return Bonds.
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).
While bond credit ratings and relative yield can compensate an investor for the relative risk of companies to make good on their debts, the recent past has shown this is not always the case.
It's easier for them simply to swap their junk mortgages to the Treasury or Federal Reserve for full - value U.S. Treasury bonds, and make the government take the loss — and presumably levy taxes to cover the interest charges on the augmented debt!
The fund focuses on US corporate bonds, convertible securities, foreign debt instruments (including those in emerging markets) and US government securities
On Thursday, the utility filed a petition before the island's energy regulator for a new securitization charge, which would pay for the restructured debt following a planned bond exchange.
An alternative definition of a Bubble Economy therefore focuses on asset - price inflation — rising stock market, bond market and real estate prices in the face of an economy - wide debt deflation.
Pam Martens and Russ Martens, writing in Wall Street on Parade, note that the U.S. municipal bond market holds $ 3.8 trillion in debt, and it is not just owned by Wall Street banks.
Wiping out Puerto Rico's debt, they warned, could undermine confidence in the municipal bond market, causing bond interest rates to rise, imposing an additional burden on already - struggling states and municipalities across the country.