A review of high -
yield debt investments should cover: (1) analysis of the industry, including growth rates, special risks and leading companies; (2) analysis of the bond issuer, including the company's position in its industry; new products; management stability; the outlook for growth in revenues and cash flow as captured in Earnings Before Interest, Taxes, Depreciation and Amortization, also called EBITDA; value of corporate assets and the debt maturity schedule; and (3) analysis of the issue, including special provisions in the «bond indenture,» covenants protecting the bondholder, use of the money raised in bond offerings, debt seniority, secondary market liquidity and call provisions.
Not exact matches
Second, while it makes sense that an environment in which
investments, like government
debt, are
yielding a smaller return might cause people to spend less today in order to make their retirement goals, there just isn't a lot of evidence that this happens in the real world.
And bankers are already talking about cutting up the deal into some high
yield and some
investment grade
debt.
Cannon figures that the average credit quality of a the big banks lending portfolio probably falls halfway between high -
yield debt and
investment grade.
Orange Capital makes
investments in value equity, high -
yield and distressed
debt, and secured loans, according to the fund's brochure document.
Lewis, fund's chief
investment officer, spent nine years at Citigroup as a director of the bank's global special situations group, a $ 5 billion prop - trading group that specialized in distressed
debt, high -
yield bonds, and value equity.
Our team of credit professionals deliver sales and trading capabilities across a wide range of fixed income asset classes including high
yield, distressed and
investment grade bonds, convertible bonds, public and private corporate securities, leveraged loans and emerging market
debt.
Our Real Estate professionals are seasoned experts in sourcing, analyzing, structuring and monetizing real estate
investments in distressed
debt, high -
yielding senior loans, direct equity and hybrid
investments, among others.
The Bank of Spain estimated the gross return on Spanish residential
investment at 4.2 percent in 2017, almost triple the cumulative
yield on 10 - year government
debt.
The Carlyle Group («Carlyle») is one of the world's largest global alternative asset management firms that originates, structures and acts as lead equity investor in management - led buyouts, strategic minority equity
investments, equity private placements, consolidations and buildups, growth capital financings, real estate opportunities, bank loans, high -
yield debt, distressed assets, mezzanine
debt and other
investment opportunities.
The fund invests primarily in
investment grade
debt securities, but may invest up to 10 % of its total assets in high
yield securities rated B or higher by Moody's.
Although the bond market is also volatile, lower - quality
debt securities, including leveraged loans, generally offer higher
yields compared with
investment - grade securities, but also involve greater risk of default or price changes.
Our Global Market Strategies segment, established in 1999 with our first high
yield fund, advises a group of 46 active funds that pursue
investment opportunities across various types of credit, equities and alternative instruments, including bank loans, high
yield debt, structured credit products, distressed
debt, corporate mezzanine, energy mezzanine opportunities and long / short high - grade and high -
yield credit instruments, emerging markets equities, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives.
Prior to joining Cerberus, Mr. McLeod managed the leveraged finance origination and execution activities at CIBC World Markets from 1998 to 2006, where he originated, structured and executed transactions involving high
yield debt securities, leveraged loans, privately placed mezzanine securities and merchant banking
investments.
Such strategies involve investing predominantly in corporate credit, including senior secured and mezzanine loans and high
yield, distressed and high grade
debt securities, private equity controlled positions, real estate
investment and
investment in pools of non-performing loans in Europe and Asia.
Investments rated below
investment grade are commonly referred to as high -
yield, high risk or «junk
debt.»
Western allies press Trump to maintain nuclear deal with Iran: Reuters US intelligence monitors Iranian cargo shipments into Syria: CNN A trade war is a major risk for China's
debt - ridden economy: CNBC Federal judge orders gov» t must accept new DACA immigration applications: WaPo Unification of Koreas still unlikely as leaders prepare to meet: Reuters US Consumer Confidence Index rebounded in April after March decline: CB New home sales in US increased to 4 - month high in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016: Bond Buyer S&P Case - Shiller Home Price Index surged in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance Agency: US house prices continued to rise in Feb: HW Corp bonds with lowest
investment - grade rating look vulnerable: Bloomberg 10 - year Treasury
yield reaches 3.0 % for first time since 2014: CNN Money
Whereas other muni funds might accumulate Illinois
debt based on its high
yield, regardless of risk, we generally have stuck to
investment - grade munis.
What this means in practice is that we have kept maturities of our
investments very short, particularly for low - risk issuers such as governments and agencies, while we seek out opportunities to increase portfolio
yield with what we think is well - priced corporate
debt.
The continent has struggled to develop high -
yield debt markets for growth companies below
investment grade, and what it did achieve is collapsing in 2016.
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.
Valentum's
investment policy favours companies with low -
debt levels, high FCF
yields and high quality management teams.
With interest rates on low - risk
investments falling to low levels in many countries, investors have sought to maintain
yields by moving into higher - risk assets such as corporate
debt and emerging market
debt.
10 year Illinois
debt is
yielding approximately 4.3 % (Federal tax exempt, State tax exempt for IL taxpayers and not subject to 3.8 % Obamacare
investment tax).
Leveraging our leading institutional distribution platform, our goal is to provide our clients with solutions across all banking products, including initial public offerings, follow - on offerings, wall - crossed offerings, bought deals, private placements, ATMs, convertible offerings, leveraged loans,
investment grade and high -
yield debt offerings and all forms of advisory services.
Investments in high -
yield («junk») bonds involve greater risk of price volatility, illiquidity, and default than higher - rated
debt securities.
It's also interesting to examine the changing significance and dynamics of the European bond market in general, which has almost doubled in size since 2005 to more than $ 10 trillion today, including government,
investment - grade corporate
debt and high
yield.
Floating rate bank loans are loans issued by below
investment grade companies for short term funding purposes with higher
yield than short - term
debt and involve risk.
We see
investment - grade corporate
debt as attractive in a world hungry for
yield.
The Oakmark Equity and Income Fund invests in medium - and lower - quality
debt securities that have higher
yield potential but present greater
investment and credit risk than higher - quality securities, which may result in greater share price volatility.
A diversified bond fund that invests at least 70 % of its assets in
investment - grade
debt with tactical
investments in high -
yield and non-U.S. dollar bonds.
BofA Merrill US High
Yield Index: Tracks the performance of U.S. dollar denominated below
investment grade corporate
debt publicly issued in the U.S. domestic market.
EM
debt in USD can be divided into
debt from
investment grade (IG) countries and
debt from high
yielding (HY) countries.
At the same time, the carry between Chinese interest rates and U.S. Treasury
yields has now turned negative, meaning that there is no longer a favorable interest rate differential to encourage Chinese
investment in U.S. government
debt.
The Company is a fund manager across six core
investment themes, such as external
debt, local currency, special situations, equity, corporate high
yield and multi-strategy.»
Higher risk
investments may
yield greater returns but can also lead to lower returns if the business can't fully repay its
debts.
While the President seeks to exaggerate our
debt, we see major
investments in the future of our country.Investment that would
yield dividends for many years to come and benefit generations yet unborn.
Before founding Third Point, Daniel worked in the securities industry for over a decade, gaining dedicated experience in equities, distressed
debt, high -
yield bond sales, risk arbitrage and private
investments.
Schroders Short Term Municipal Bond
investment strategy seeks to maximize after - tax
yield and income by investing across the spectrum of
investment grade municipal
debt.
High -
yield debt in both the US and international bond ETFs also got a boost after
yield - seeking investors moved longer on the
yield curve and into riskier
debt securities to achieve better returns on their
investment capital.
The par amount outstanding of
investment - grade corporate debt, as measured by the S&P U.S. Investment Grade Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High Yield Corporate Bond Index, has increased by USD 80
investment - grade corporate
debt, as measured by the S&P U.S.
Investment Grade Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High Yield Corporate Bond Index, has increased by USD 80
Investment Grade Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High
Yield Corporate Bond Index, has increased by USD 800 billion.
It is a multi-asset fund but it is largely unconstrained: it targets US and international income - producing securities including common stock, high -
yield and
investment grade
debt, preferred shares and convertibles, and a variety of hedges including gold, precious metals, currency forward contracts, and inflation - linked vehicles.
The Sub-Advisor seeks to achieve the fund's
investment objective by selecting a focused portfolio of high -
yield debt securities (commonly referred to as junk bonds).
As of August 1,
yields on some prime funds, which primarily invest in riskier corporate
debt and may pay higher
yields, were as high as 1.2 % for a minimum initial
investment $ 2,500 to $ 1 million or more, with an industry average 0.64 %.
None of the long term problems that the market faces have changed, but neither has the relatively low
yields of
investment grade corporate
debt.
Compare credit card APR to savings and
investment yields:
Investments are iffy these days, and deposit accounts are paying zilch; if you have credit card
debt, paying it off can provide the best return on your money, as you're saving the APR amounts for each balance you're carrying.
The index will rank U.S. Treasuries, U.S.
investment grade corporate bonds, U.S.
investment grade mortgage backed securities, U.S. high
yield debt and U.S. dollar denominated
debt of emerging market issuer according to their momentum / trend scores.
Underneath the S&P 500 Bond Index are two subindices, as the
debt in the index is divided into
investment grade and high
yield.
Looking both within and outside of the benchmark, the Fund seeks relative value opportunities across traditional
investment - grade and high -
yield bond sectors, also including nontraditional asset classes like non-U.S. sovereign and corporate
debt, convertibles, and floating - rate loans.
Many people realize that rising interest rates affect
yields and prices, but what others might not know is that if you stick closely to short - term,
investment - grade
debt securities - the very kind our Near - Term Tax Free Fund (NEARX) invests in - the impact of such a rate hike is not as dramatic as some investors might think.