Central-bank easing triggers record corporate bond issuance

Companies have taken advantage of low borrowing costs and high demand to sell more debt, allowing themselves to drop down the credit-ratings spectrum. Source: Financial Times Companies across the globe took advantage of lower borrowing costs to sell a record amount of bonds in 2019, prompting renewed concerns among policymakers about soaring levels of debt….

Read More

Canada should follow U.S. Treasury’s lead and issue 20-year bonds, Sun Life says

Sun Life Financial Fixed Income Portfolio Manager Randall Malcolm suggests Canada should begin issuing 20 year bonds, following the lead of the US Treasury with its own plans to do so. Source: Financial Post Canada should follow the U.S. Treasury’s lead and issue 20-year bonds, according to Sun Life Financial Inc.’s asset management unit. Debt…

Read More

The Yankees are coming! U.S. firms rush to euro debt markets

The reverse Yankee boom is welcome news for European bond buyers disappointed at the yield collapse sparked by the ECB’s asset purchase program. Source: The ChronicleHerald LONDON (Reuters) – From Harley Davidson to Colgate-Palmolive, U.S. companies are flocking to borrow in euros and their record issuance is breathing life into a market where yields have…

Read More

BlackRock attracts record inflows as stock markets soar

World’s largest asset manager is one of biggest winners from shift to passive investing Source: Financial Times BlackRock attracted a record amount of money from investors last year, as the bull market in stocks and bonds cemented its status as the world’s largest asset manager. The company’s funds sucked in $429bn last year, more than…

Read More

‘Starting to wobble’: Fidelity manager sees risk in Canadian economy, stocks – BNN Bloomberg

Fidelity underweighting Canadian investments amid concerns economy facing greater risks relative to other parts of the globe. Source: Bloomberg News A money manager at one of the world’s biggest investment firms says Canada is currently riskier than other parts of the world, and as a result his company’s funds are underweighting Canadian investments. The Canadian…

Read More

Corporate Debt Issuers to Kick Off Sales With Up to $35 Billion

Historically, the majority of January debt sales comes from the financial sectors as banks try to fulfill their funding needs following earnings releases. Source: Bloomberg News (Bloomberg) — Sales of U.S. high-grade bonds will total between $30 billion and $35 billion next week, according to an informal survey of dealers at some of Wall Street’s…

Read More

Germany arrives late to green bonds party

Germany being Europe’s benchmark debt issuer plans for its debut in green bond issuance later this year. Source: Financial Times Germany will join a wave of governments across Europe in issuing green bonds in the second half of next year, responding to increased investor interest in this form of debt as it tries to underline…

Read More

Emerging market corporate bonds can provide higher returns for an equivalent risk

Emerging markets are turning into a mainstream asset class providing a wider bond market corporate issuers with diversification as a key element. Source: The National Corporate bonds have a long tradition in developed markets, with a large investor base across the credit rating spectrum. Over the past decade, corporate bonds of issuers based in emerging…

Read More

Euro credit rush to only cool modestly in 2020

Europe’s Credit Market Expected to go from Red Hot to merely Boiling in 2020 Source: Gulf Times Europe’s credit market may go from red hot to merely boiling in 2020. After a banner year for sales of new bonds, the pace of issuance may prove hard to sustain next year because companies have already rushed…

Read More

Sweden’s $8.3bn green bond issuance outstrips Nordic rivals

Public sector green issuance has been overshadowed by Sweden’s local government funding agencies to surpass the total Nordic issuances in 2019. Source: Expert Investor Local government funding agencies have dominated regional public sector issuance. Sweden has issued a whopping $8.26bn in green bonds so far in 2019, equivalent to about half of the total issuance…

Read More