The European Central Bank introducing quantitative easing into the EU economy is like "morphine", giving the euro zone temporary relief but not fixing the underlying problem, says Michael O'Sullivan, CIO, UK & EMEA at Credit Suisse Private Bank.» Read More
NEW YORK, Oct 12- U.S. investment firms are readying the first line of exchange-traded funds designed to give American investors access to China's swelling onshore bond market, which has been largely closed off to foreigners. At least four fund managers- Deutsche Bank AG, Global X Funds, KraneShares and Van Eck Global- have outlined plans to launch China onshore...
NEW YORK, Oct 10- US power company Dynegy looks set to price its new $5.1 bn high-yield acquisition finance bond Friday wider than first expected due to a surge in market volatility over the past few days. The single B rated issuer set price talk this morning at 6.75% area on a minimum US $2 bn five-year non-call 2.5; 7.375% area on a US $1.5- 2.0 bn eight-year non-call...
A simmering mix of a strong dollar and weak commodity prices may brew up trouble for junk bond ETFs with a hefty weighting in materials companies.
HONG KONG, Oct 9- The bailout of domestic bondholders of Chinese solar equipment producer Chaori shows the government is determined to shield its rapidly growing corporate bond market in a slowing economy, analysts and traders say. State-owned China Great Wall Asset Management and a Shanghai- based investment firm will also guarantee 880 million yuan of the...
High-yield bonds offer compelling valuations and better fundamentals following the selloff since mid-year, Pimco said in a note Thursday.
The fear is that an exodus for the door along the same lines as the "taper tantrum" could crush the market.
Even though interest rates in Europe are widely expected to stay in negative territory for a while, some analysts are still finding yield plays.
New plans to clean up China's long-feared local government debt will bring near-term pain, but a longer-term fix may be in sight, analysts say.
DETROIT, Oct 2- Without a series of settlements, Detroit would face years of costly litigation from creditors and others, with no guarantee that the city would win, Kevyn Orr, Detroit's emergency manager, said on Thursday. The bond insurance company, which local media has reported is in settlement talks with Detroit, faces a recovery of 10 cents to 13 cents on the...
The selloff in high-yield bond ETFs last week has revived fears that the sector may be headed for a bruising.
In a wide-ranging conversation, Bogle held forth on the Federal Reserve, hedge funds, and how individuals can "own their age."
NEW YORK, Sept 26- A U.S. judge said Friday he would allow Citigroup Inc to process a disputed $5 million payment by Argentina on bonds issued under its local laws following its 2002 default.
NEW YORK, Sept 26- Bill Gross, the bond market's most renowned investor, quit Pimco for distant rival Janus Capital Group Inc on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than 40 years ago.
DETROIT, Sept 25- General Motors Co's corporate debt was raised by Standard& Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization.
Calls for the bond market to drop this year have largely come to naught, and some analysts are now looking for gains.
Bond liquidity has all but dried up for corporate issues after new regulations and capital requirements forced Wall Street banks to slash their inventories of fixed-income products following the financial crisis.
NEW YORK, Sept 22- Citigroup Inc is set to return to court Friday as it seeks to have a U.S. judge reconsider an order barring it from processing payments on $8.4 billion in bonds issued under Argentina's local laws following its 2002 default. District Judge Thomas Gries in New York on Monday scheduled the Friday hearing for 3 p.m. EDT, a court official said.
NEW YORK, Sept 22- Citigroup Inc plans to ask a U.S. judge to put on hold an order barring it from processing payments on $8.4 billion in bonds issued under Argentine law following the country's record 2002 default, court documents showed.
NEW YORK, Sept 22- Citigroup Inc plans to ask a U.S. judge to put on hold an order barring it from processing payments on $8.4 billion in bonds issued under Argentina's local laws following its 2002 default.
NEW YORK, Sept 19- A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.