Corporate Bonds


  • Feb 5- Corporate bonds did outstandingly well during the great deflation in the 1930 s but this time round may be, well, different. Finland sold five-year paper the other day for a negative yield, German yields are negative six years out, while those in Austria, Sweden and the Netherlands cost you money to hold for five years. France, always a bit more of a risk, is priced...

  • QE spawns new acronym—meet ZYNY Monday, 2 Feb 2015 | 5:48 PM ET

    The ZYNY world – or zero-yield to negative-yield – is set to drive another wave of yield chasers in the markets, JPMorgan said.

  • Power Play: Corporate bond bets Monday, 2 Feb 2015 | 1:22 PM ET
    Stock certificates

    Bond fund titan John Bellows, Western Asset Management, is bullish on corporate debt.

  • Sunac China to buy stake in troubled Kaisa: report Thursday, 29 Jan 2015 | 10:34 PM ET

    Sunac plans to buy a 49.3 percent stake in troubled Chinese developer Kaisa, which recently missed bond coupon payments, Caixin magazine reported.

  • Are Europe’s low bond yields a bargain? Wednesday, 21 Jan 2015 | 5:43 PM ET
    A man walks by a euro sign light installation in Vilnius, Lithuania, on Dec. 31, 2014.

    With quantitative easing on the cards, Europe's already low interest rates are set to fall, but some believe the continent offers the best bond returns.

  • JERUSALEM, Jan 21- Israel's central bank said on Wednesday the main risk to the stability of the country's financial system was the exposure of banks and households to a potential slump in house prices, which have nearly doubled since 2007.. The central bank said the financial system was also exposed to the underpricing of risks in the corporate bond market...

  • NEW YORK, Jan 16- Foreigners bought long-term U.S. securities in November, with investors buying agency and corporate bonds, as well as equities. Data from the U.S. Treasury Department showed on Friday that net purchases of long-term U.S. assets were $33.5 billion in November, after outflows of $1.4 billion in October. But including short-dated assets such as...

  • Shenzen-based Kaisa said on Monday it had missed interest payments to investors in its offshore dollar bonds, that many of its bank accounts had been frozen and that a mainland China court had frozen more than $100 million of assets of one of its units. Kaisa's founder and chairman left the company in December, triggering an acceleration of repayment of a loan...

  • JAKARTA, Jan 9- Indonesia has raised $4 billion in a U.S. dollar bond issue, taking advantage of the current low-yield environment and improving sentiment about the country and policies its new president is pursuing. With the improved terms on the new bonds, " Indonesia has to fork out a lower percentage than in a tough market," said Wellian Wiranto, an economist at...

  • BOSTON, Jan 9- Big European and American banks have found a productive place to park the energy sector's most distressed debt: the $2.7 trillion U.S. money market industry. Barclays Bank plc, Credit Suisse and Wells Fargo and others get overnight and short-term loans from companies that run money market mutual funds such as Fidelity Investments, BlackRock Inc,...

  • Petrobras bondholders to push for default Monday, 29 Dec 2014 | 8:59 PM ET

    Petrobras could be declared in technical default if bondholders pursue efforts to force it to speed its assessment of losses in a giant scandal.

  • RIO DE JANEIRO, Dec 29- Petrobras, Brazil's state-run oil company, could be declared in technical default on some of its foreign debt as early as Tuesday if bondholders pursue efforts to force it to speed up its assessment of losses in a giant corruption scandal. The push, led by New York- based Aurelius Capital, applies to $54 billion of Petrobras bonds governed by...

  • HONG KONG/ SHANGHAI, Dec 29- The additional spread that investors demand for credit risk in China is at the highest level in nearly 15 months as investors in the country's corporate bond market start pricing in the impact of an ongoing crackdown on low-grade issuers. The spread between the one-year yield on AAA-rated bonds and those rated AA has widened to 112.4...

  • ECB bond-buying expected in March?   Friday, 19 Dec 2014 | 11:00 AM ET
    ECB bond-buying expected in March?

    With the European Central Bank considering making weak euro zone countries bear the burden of the stimulus programme, Azad Zangana, European economist at Schroders, discusses how the imminent sovereign quantitative easing might work.

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • Caesars skips bond payment as default looms Tuesday, 16 Dec 2014 | 7:51 AM ET

    NEW YORK, Dec 16- The operating subsidiary of gaming giant Caesars has inched closer to default after skipping a US $225 m coupon payment Monday on its second-lien bonds. Caesars Entertainment Operating Co, the main operating subsidiary of Caesars Entertainment Corp, did not make the payment due on the 10 percent bonds maturing 2028.. It has a 30- day grace period...

  • Central banks can't beat deflation alone   Tuesday, 16 Dec 2014 | 5:00 AM ET
    Central banks can't beat deflation alone

    Discussing the possibility of introducing full-blown quantitative easing in Europe, Patrick Spencer, MD and Director of International Institutional Equity Sales at Baird, says that if the euro zone economy continues to deteriorate, then central banks need QE, as they don¿t have the tools to fight deflation.

  • *Company bonds fall as much as 4.3 cents in dollar as rouble slumps. LONDON, Dec 15- Dollar bonds of Russian companies suffered a fresh selloff on Monday, as the rouble's fall past the 60- per-dollar level and the threat of more sanctions fanned fears about future debt repayments. Adding to pressure on Russian markets was news that the U.S. Congress had passed a bill...

  • Oil higher from here: Petrowski   Monday, 15 Dec 2014 | 8:07 AM ET
    Oil higher from here: Petrowski

    Discussing whether low oil prices will lead to consolidation in the energy industry, with Greg Zuckerman, author of "The Frackers" and Wall Street Journal writer, and Joe Petrowski, Mercantor Partners founder.

  • Bond market red flags   Monday, 15 Dec 2014 | 7:54 AM ET
    Bond market red flags

    Pantheon Macroeconomics' chief economist Ian Shepherdson, weighs in on red flags in the credit market.