Portugal plans to issue 10-year notes in euros, according to two bankers
involved in the transaction. Barclays Capital, Banco Espirito Santo SA, Credit
Agricole CIB, Goldman Sachs Group Inc. and Societe Generale SA are managing the
sale, said the bankers, who declined to be identified before the
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,
In unions’ first major challenge since Papandreou’s Oct. 4 election, teachers,
hospital workers and tax collectors will strike for 24 hours on Feb. 10 as
600,000 public workers oppose his plan to freeze wages and reduce benefits.
Today, the union said it may join a private-sector walkout
In unions’ first major challenge since Papandreou’s Oct. 4 election, teachers,
hospital workers and tax collectors will strike for 24 hours on Feb. 10 as
600,000 public workers oppose his plan to freeze wages and reduce benefits.
Today, the union said it may join a private-sector walkout
Fundamental Headlines • Fed to Bare Tightening Plan – Wall Street Journal • G-7
Leaders Split on Finance Regulation – Wall Street Journal • Traders cautious as
contagion fears linger - Financial Times • Weak Dollar Illusory as Correlated
Trading Shows Gains Since Bretton
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
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
Yields on notes dropped to the lowest levels in at least six weeks as sovereign
risk crises in nations such as Greece, Portugal and Spain dulled investors’
appetite for higher- yielding assets. The U.S. economy unexpectedly lost 20,000
jobs last month, a report showed, and the Treasury prepared
Portugal plans to issue 10-year notes in euros, according to two bankers
involved in the transaction. Barclays Capital, Banco Espirito Santo SA, Credit
Agricole CIB, Goldman Sachs Group Inc. and Societe Generale SA are managing the
sale, said the bankers, who declined to be identified before the
