Sentences with phrase «on corporate bonds in»

Not exact matches

The gap between the earnings yield on the S&P and Baa corporate bonds is over two standard deviations in favour of stocks.
Although it is fair to say that the recent uptick in volatility has in part reduced earlier concerns about prolonged low volatility and associated reach - for - yield behavior, it has placed added focus on the resilience of liquidity, particularly in markets, such as the market for corporate bonds, that may be prone to gapping between liquidity demand and supply in stressed conditions.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to this afternoon's FOMC Meeting Statement followed by reports tomorrow on UK PMI, Eurozone PPI, CPI, US Challenger Job Cuts, Productivity, Unit Labor Costs, Jobless Claims, Trade Balance, Markit Services PMI, ISM Services, Durable Goods and Factory Orders for near term direction.
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.
This leaves us roughly in the same position that we started the year, slightly overweight to spread product, i.e., investment - grade and high - yield corporate bonds and emerging markets (more recently, we also went back to a slight overweight on commercial mortgage - backed securities).
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to reports tomorrow on Japanese PMI, UK PMI, US Vehicle Sales, Markit Manufacturing PMI, Construction Spending and ISM Manufacturing for near term guidance.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to reports tomorrow on Japan's Leading Index and Machine Tool Orders, German IFO, US Case - Shiller Home Price Index, New Home Sales, Richmond Fed and Consumer Confidence for near term guidance.
Within fixed income, we suggest raising average credit quality, particularly focusing on investments in areas like high - grade corporate and municipal bonds.
This is, however, still below the comparable figures in the United States, where 70 per cent of corporate bonds on issue are rated below A +.
Each day these dealers, on average, trade about $ 700 billion of bonds (including Treasury, government agency, corporate, and municipal bonds) with clients, and billions more in trades among themselves.
The fund focuses on US corporate bonds, convertible securities, foreign debt instruments (including those in emerging markets) and US government securities
Floating - rate * The coupon on a floating - rate corporate bond changes in relationship to a predetermined benchmark, such as the spread above the yield on a six - month Treasury or the price of a commodity.
Moreover, the yield on industrial bonds in the Dow Jones Bond Average continues to rise, further widening the risk premium on corporate debt.
According to preliminary statistics, the aggregate financing to the real economy (AFRE)... was RMB 19.44 trillion in 2017... Specifically, RMB loans to real economy registered an increase of RMB 13.84 trillion... foreign currency - denominated loans (RMB equivalent)... recorded an increase of RMB 1.8 billion... entrusted loans registered an increase of RMB 777 billion... trust loans registered an increase of RMB 2.26 trillion... undiscounted bankers» acceptances recorded an increase of RMB 536.4 billion... net financing of corporate bonds stood at RMB 449.5 billion... equity financing on the domestic stock market by non-financial enterprises registered RMB 873.4 billion...
The average investment - grade (high - yield) bond trades on less than 32 % (36 %) of days over the prior six months — liquidity in corporate bonds was considerably lower than in traditional listed equity markets.
In sovereign debt and, to an even greater degree, corporate bond markets, liquidity hinges in large part on whether specialised dealers («market - makers») respond to temporary imbalances in supply and demand by stepping in as buyers (or sellers) against trades sought by other market participantIn sovereign debt and, to an even greater degree, corporate bond markets, liquidity hinges in large part on whether specialised dealers («market - makers») respond to temporary imbalances in supply and demand by stepping in as buyers (or sellers) against trades sought by other market participantin large part on whether specialised dealers («market - makers») respond to temporary imbalances in supply and demand by stepping in as buyers (or sellers) against trades sought by other market participantin supply and demand by stepping in as buyers (or sellers) against trades sought by other market participantin as buyers (or sellers) against trades sought by other market participants.
In pursuance of the Union Budget 2018 announcement, the board also cleared a proposal on changing the investment grade rating from AA to A for corporate bonds, which would boost investment scope while ensuring credit quality.
Which doesn't cover investments in shares, the returns on which are directly affected by changes in the corporate tax rate (or the myriad of other investment vehicles liked bonds, REITs, mutual fund trusts, etc. that make up the bulk of the universe for Canadian investors).
This feature article draws on recent work by the Committee on the Global Financial System (CGFS) to investigate trends in market - making and what they mean for the financial system (CGFS (2014)-RRB-.2 We use a simple conceptual framework to assess how supply and demand for liquidity have changed in fixed income markets, particularly in markets for sovereign and corporate bonds.
While yields on government bonds remain unattractive, according to Stopford, investment - grade corporate bonds offer a modest pickup in yield — and high - yield bonds, a more significant advantage.
The yield on the 10 - year Treasury bond climbed above 3 % for the first time since 2014, but of greater concern to many market participants were remarks in major corporate earnings reports suggesting that business conditions had likely hit their peak and were poised to deteriorate going forward.
In recent months, the yield on US corporate bonds, especially investment - grade securities, is a little more than 100 basis points compared to the yield on government debt, dropping within striking distance of the lows seen post the 2008 financial crisis.
A deepening and widening of the nascent corporate bond market in India is on track, following reforms by the Reserve Bank of India aimed to draw in foreign and small investors.
Any significant rise in corporate bond yields would throw cold water on a key artificial impetus in the stock market — corporations borrowing heavily to buy back their own stock.
The resulting increase in corporate bond issuance has pushed up swap spreads, with the spread on US 10 - year (bank / government) swaps, for example, recently at its highest level for several years (Graph 7).
In the November 2017 version of their paper entitled «Bonds, Stocks, and Sources of Mispricing», Doron Avramov, Tarun Chordia, Gergana Jostova and Alexander Philipov investigate drivers of U.S. corporate stock and bond mispricing based on interactions among asset prices, financial distress of associated firms and investor sentiment.
«Starting in late 2014, overseas buyers began a US corporate bond shopping spree, adding $ 11.5 billion a month, on average, over 13 consecutive months, taking down roughly 35 % of net supply of US issuer paper,» Melentyev writes.
With the UK economy gradually picking up pace and inflation rising on the back of a weaker currency, the UK's central bank may finally go ahead with a rate hike for the first time in a decade, although it is widely expected to leave the monthly government and corporate - bond purchases untouched at # 435 and # 10 billion respectively.
Its $ 46 billion corporate bond issue in January 2016 was hailed as the largest on record; large bond issues were easier to trade than small ones as banks shied from debt capital market in response to capital requirements.
Investment - grade corporate bond funds saw $ 2.32 billion exit in the last week, the second - largest outflow on record.
We all know that the massive reduction in dealer inventories and the cost of capital has had a huge negative impact on liquidity in the corporate bond market.
As seen in prior cycles, changes in short - term interest rates alone had yielded little effect on financial conditions, as buoyant risk sentiment strengthened equities, corporate bonds, as well as various forms of «esoteric» investments.
The BAA spread refers to the yield on corporate bonds above the rate on comparable maturity Treasury debt, and is a market - based estimate of the amount of fear in the bond market.
Abstracting from changes in the composition of corporate bond indices, spreads between yields on government and corporate bonds have shown a small net decline over the past three months (Graph 48).
The average yield on the iShares iBoxx InvesTop High Yield Corporate Bond (AMEX: HYG) exchange - traded fund has dropped around 10 % in that period.
They're taking advantage of low interest rates on euro - denominated issues after the European Central Bank's decision to start buying investment - grade corporate bonds in June — part of its economic stimulus program.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to tomorrow's much awaited US Payroll Report for near term direction..
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to this afternoon's Commitment of Traders Report, followed by reports Monday on Chinese PMI, German CPI and Retail Sales, US Personal Income, Personal Spending, PCE, Chicago PMI, Pending Home Sales, and the Dallas Fed's Manufacturing Index for near term direction.
Growth in U.S. real GDP would fall 2.7 % over the three years that follow a vote, with a corresponding decline of 13.1 % in U.S. equities and a contraction of 0.53 % on the yields in U.S. corporate bonds.
Rather, the increase in spreads appears to reflect both tightness in the Commonwealth Government bond market (where supply remains limited and demand by foreign investors appears to have increased) and upward pressure on swap rates (one benchmark against which corporate bonds are priced) as companies have sought to lock in fixed - rate borrowings due to expected increases in interest rates.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to earnings from Apple after the bell today, and reports tomorrow on Japanese PMI, Chinese Caixin PMI, Eurozone GDP, PMI, Unemployment, US MBA Mortgage Applications, ADP Employment Change, Oil Inventories, and the FOMC Meeting Statement for near term direction.
Still in late 2008, Fulton's firm was buying up quality corporate bonds for 20 cents to 40 cents on the dollar.
To better understand green bond performance and valuations in the secondary market, Morgan Stanley analyzed 121 self - labeled U.S. and European bonds, focusing on corporate, and government or government - related benchmark - size securities (at least $ 500 million).
Corporate advisor Duff & Phelps produces the Stocks, Bonds, Bills, and Inflation (SBBI) Yearbook (formerly Ibbotson SBBI Yearbook), which compiles extensive data on these returns in its annual publication.
Issuance of investment - grade corporate bonds picked up in early March in a receptive market, as investors sought higher yields than were available on safe - haven Treasury bonds.
Since 1970, when they began tracking defaults, the rate is even lower at 0.07 %.2 Compare that to global corporate bonds, which defaulted at a 2.06 % rate in 2016.3 It's important to note that the overall muni rate remained that low despite 2016 having the highest municipal defaults volume on record, all related to Puerto Rico.
In private industry, Patrice worked on Wall Street in Employee Relations and later in Corporate Bond TradinIn private industry, Patrice worked on Wall Street in Employee Relations and later in Corporate Bond Tradinin Employee Relations and later in Corporate Bond Tradinin Corporate Bond Trading.
Long - term corporate bonds, on average, compounded at 5.1 % in these 50 - year periods.
This new ETF is the only corporate bond fund1 — mutual fund or ETF — in the U.S. with substantially all of its assets rated AAA.2 COBO lists on NYSE Arca today.
Also, many corporate bonds are callable, meaning that they can be called in by the issuing company and redeemed on a fixed date.
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