The amount of so-called distressed securities, or bonds yielding at least 10
percentage points above benchmark rates, fell to $117 billion from $250 billion
six months ago, according to Bank of America Merrill Lynch index data. The
market is pricing in a default rate of 0.3 percent in a year,
Feb. 9 (Bloomberg) -- Investors in the lowest rated corporate bonds are looking
past concern that worsening government finances will derail the economy, paying
prices that imply the fastest drop in defaults in more than a decade. The
amount of so-called distressed securities, or bonds
The amount of so-called distressed securities, or bonds yielding at least 10
percentage points above benchmark rates, fell to $117 billion from $250 billion
six months ago, according to Bank of America Merrill Lynch index data. The
market is pricing in a default rate of 0.3 percent in a year,
Feb. 8 (Bloomberg) -- The combination of record earnings growth and the fastest
withdrawals from mutual funds since before credit markets froze is creating
opportunities for Mario Gabelli . The biggest rally since the Great Depression
gave way to a 8.1 percent retreat in the S&P 500
Feb. 8 (Bloomberg) -- The combination of record earnings growth and the fastest
withdrawals from mutual funds since before credit markets froze is creating
opportunities for Mario Gabelli . The biggest rally since the Great Depression
gave way to a 7.3 percent retreat in the S&P 500
“It would help if there was a very strong IMF program with a lot of
conditionality attached,” Das, the managing director of market research and
strategy at Roubini Global in London, said in an interview on Bloomberg
Television. “The IMF, as an outside, disinterested objective party, would
Feb. 8 (Bloomberg) -- The combination of record earnings growth and the fastest
withdrawals from mutual funds since before credit markets froze is creating
opportunities for Mario Gabelli . The biggest rally since the Great Depression
has given way to a 7.3 percent retreat in the S&P 500
Feb. 8 (Bloomberg) -- The combination of record earnings growth and the fastest
withdrawals from mutual funds since before credit markets froze is creating
opportunities for Mario Gabelli . The biggest rally since the Great Depression
has given way to a 7.3 percent retreat in the S&P 500
Kraft Foods Inc. , the maker of Oreo cookies, raised $9.5 billion yesterday for
its takeover of Cadbury Plc, while Buffett’s Berkshire Hathaway Inc. sold $8
billion of notes for its buyout of railroad company Burlington Northern Santa
Fe Corp. that he called an “all-in wager” on the
By Wes Goodman Feb. 5 (Bloomberg) -- Money manager Marc Fovinci said he is
buying the bonds of Cisco Systems Inc. as quickening sales growth prompts the
world’s biggest maker of networking equipment plans to add jobs. John Chambers
, chief executive officer of San Jose,
Feb. 9 (Bloomberg) -- Investors in the lowest rated corporate bonds are looking
past concern that worsening government finances will derail the economy, paying
prices that imply the fastest drop in defaults in more than a decade. The
amount of so-called distressed securities, or bonds
