The US junk bond market has begun wavering on rising inflation worries, raising the risk that the powerful rally since the depths of the pandemic in the debt issued by the riskiest corporate borrowers may be coming to an end. Source: Financial Times The high-yield bond market has been a shelter for investors seeking to…
As an increase in crude oil prices has boosted confidence among energy companies, Canada’s junk bond market is on track for record issuance this year. Source: The Globe and Mail Canada’s junk bond market is on track for record issuance this year as an increase in crude oil prices has boosted confidence among local energy…
Federated Investors’ Mark Durbiano looks beyond the ratings for his high-yield fund—which also has a small slug of stocks. Source: Barron’s Investors tend to associate high-yield bonds with risky companies that have taken on more debt than they can handle, or whose better days are behind them. While the junk-bond universe does have its share…
Tesla recently announced it would raise $1.5 billion through its first-ever offering of junk bonds to ramp up production of its new Model 3 sedan. Source: Reuters DETROIT (Reuters) – Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric car maker…
Banks retreat from the lucrative but risky business of backing debt-heavy buyouts. Source: Wall Street Journal Banks are increasingly turning down companies seeking financing to pay for debt-laden takeovers after the recent market rout left them saddled with debt from earlier deals. Credit Suisse Group, Jefferies Group and Wells Fargo are among the firms turning down…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
