Uh-Oh, High-Yield Bond Downgrades Expand
Ratio to upgrades doubles, Moody’s says, due to sales dip.
Tag: Junk Bonds
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.
Straw in Wind? Near-Junk Ratings Dominate US Corporate Bonds
Baa–rated issues reach record, although defaults at this stage are not worrisome, Moody’s data indicates.
What Junk Bond Spreads Tell Us: Economy OK for Now
A wide gap between high-yield and 10-year Treasury signals a pending recession, says Natixis’ Lavorgna.
Moody’s: Higher Treasury Yields Expected as Equities Surge
The firm points to stock rally and lower junk yields as key to New Year market sentiment.