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,
By Francene Norton The number of Chinese visitors to Australia has tripled in
the past decade, while Japanese arrivals more than halved. (AAP Image: Narelle
Bouveng) Map: Brisbane 4000 Figures from the Australian Bureau of Statistics
(ABS) show the number of Chinese
Be the first to comment Another Queensland resources boom would be at risk if
changes to Australian skilled migration rules failed to attract enough labour
to the state's resource-rich areas, the Chamber of Commerce and Industry
Queensland has warned. Without enough skilled migrants
Map: Pittsworth 4356 Experts predict Australia's $13 billion meat industry will
be in dire straits until at least next year, following the closures of more
meatworks this week. More than 200 abattoir workers are in limbo on
Queensland's Darling Downs, after the Leitch Pastoral Group
Education agents are predicting even more tough times ahead for Australia's
overseas education market because of changes to migration residency rules . The
Government says it wants to attract better skilled people and will drop some
lower skilled jobs from the the list of
Education agents are predicting even more tough times ahead for Australia's
overseas education market because of changes to migration residency rules. The
Government says it wants to attract better skilled people and will drop some
lower skilled jobs from the the list of occupations used to
Much like the shares they are commenting on, the position of being a television
network's financial talking-head is a commodity. Industry sources say a bank or
stockbroker can expect to pay a network up to $10 million over three years for
the coveted spot of providing financial commentary to
The extra yield investors demand to own corporate bonds instead of government
securities widened 4 basis points last week to 169 basis points, the most since
the period ended Nov. 27, according to the Bank of America Merrill Lynch Global
Broad Market Corporate Index. Spreads widened for three
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
