Global Credit Market Seizes Up as Coronavirus Halts Bond Sales

Global corporate bond market door slammed shut on Coronavirus fears and uncertainty. Source: Yahoo Finance (Bloomberg) — The global credit machine is grinding to a halt. The $2.6 trillion international bond market, where the world’s biggest companies raise money to fund everything from acquisitions to factory upgrades, came to a virtual standstill as the coronavirus…

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Can active management pay for itself in fixed-income funds?

While using low-cost bond ETFs for the fixed-income portion of a portfolio seems like the right approach, some say active bond fund management may be a better fit. Source: MoneySense With seemingly perpetual low interest rates—and even the threat of negative interest rates, as seen in parts of Europe and elsewhere—does it make sense to…

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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…

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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…

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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…

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Italy Debt Chief Says Foreign Funds Returning to Nation’s Debt

Foreign Investors Return to Italian Bond Market as the Country’s Risk Premium Reduces Further from Last Year’s Highs Source: Bloomberg Italy is attracting foreign investors to buy its bonds as the new government’s more conciliatory stance toward the European Union on budget issues should reduce the country’s risk premium further, the head of the country’s…

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Ever Thought Of A 100-Year Green Bond? French Railway Firm Is Pitching The World’s First

French railway network operator SNCF to take over the title of world’s longest maturing 100-year green bond Source: Forbes It seems green bonds, sometimes referred to as climate bonds, are becoming ever so popular by the day with issuance tipped to reach record levels in 2019. However a French railway firm has notched industry trend…

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