European Companies Happily Take ECB’s Cheap Cash, but Don’t Spend It

Cheap credit and feeble growth opportunity have created an atmosphere of cautious corporates Source: The Wall Street Journal The European Central Bank began buying billions of euros worth of corporate bonds earlier this year in a high-profile experiment aimed at spurring private investment. So far, the spending hasn’t materialized. Since June, the ECB has bought €44.3…

Read More

Bond Market Wary of AT&T, Time Warner Deal

With the announcement of their merger sending both company’s bond prices into decline, concerns about increased debt burden have increased Source: The Wall Street Journal Count bond investors among the skeptics of AT&T Inc.’s proposed acquisition of Time Warner Inc. The prices of both firms’ bonds have declined since reports of the deal began emerging late…

Read More