Market Moves
Biden Tax Hikes Would Help Junk Bonds, Says Market Savant
Maybe not so much stocks, but high-yield is well-positioned if the Democrat wins and enacts his agenda, Northeast’s Monrad forecasts.
Tag: Junk Bonds
Promise of Private Debt Burns Bright—With a Big If
How the burgeoning asset class plans to navigate the risky pandemic economy.
Market Moves
Watch Out for a Doubling of Junk Defaults, Warns Gundlach
The Bond King fears their fundamentals are too rickety to persevere during this recession.
Market Moves
Ackman Bets Against Junk Bonds, Now Resurgent
Hedge fund honcho thinks dragged-out economic recovery will harm high-debt companies.
Market Moves
Gundlach Charges the Fed Is Propping Up Rickety Companies
The central bank’s program to buy corporate debt just delays the inevitable collapse and makes it worse, the Bond King contends.
Risk
Attack of the Zombies: Potential Deadbeats Are Almost 20% of Companies, Says DB
US businesses that lack the income to pay their huge debt service, kept alive by more borrowing, are on shaky ground, Deutsche Bank Securities’ Sløk warns.
Fallen Angels Get Fed’s Helping Hand. Is That Enough?
Some bonds may be beyond hope, and once the central bank’s backstop ends, there goes the artificial price support.
Despite Fed Backstop, Junk Bonds Still Face Big Trouble
The central bank’s much-touted help for high-yield is skimpy, in light of what nastiness lies ahead.
Market Moves
Chinese Virus Could Be a ‘Black Swan Like No Other’: Moody’s
The coronavirus may be the disastrous surprise that overwhelms public health officials and slams the markets, the firm's Lonski admonishes.
Uh-Oh, High-Yield Bond Downgrades Expand
Ratio to upgrades doubles, Moody’s says, due to sales dip.
Exclusive: MetLife’s Ellermeyer Shifts to Apollo Insurance Operation
Investment pro to help manage insurance assets at Leon Black’s shop, which got its start with a defunct insurer’s junk bonds.
Companies’ Towering Debt Might Not Bring Widespread Defaults
Junk bonds do better when interest rates are low, like now, Nataxis finds.
Market Moves
Beware of Corporate Debt, Even Non-Junk, Says David Einhorn
Prophetic on Lehman in ’08, hedge fund operator claims rating agencies go too easy on debt-laden companies.
Big BBB Downgrade Damage Ahead? Maybe Not
Why the anxiety about this overstuffed bond category may be overdone.
Market Moves
Leveraged Loan Boom Is a Threat, Says BofA Chief
Bank lending to heavily indebted companies will blow up once the economy goes south, Brian Moynihan warns.