In 2020, junk bondholders have to choose between painful restructuring and pushing for a repayment that might kill a company
Continue reading..
In 2020, junk bondholders have to choose between painful restructuring and pushing for a repayment that might kill a company
Continue reading..Outstanding corporate bonds grew by $500 billion between March and the end of May. As the Covid-19 pandemic raged, much of this debt was used to pay dividends and even buy back shares.
Continue reading..An interactive visualisation of $12 trillion of corporate bonds showing the impact of the Covid-19 pandemic. Free to registered users.
Continue reading..The coronavirus outbreak has infected the corporate bond market as economies grind to a halt. Can trillions of emergency central bank measures keep borrowers alive?
Continue reading..ECB president Mario Draghi says that corporate bond purchases are a success, but is the effect causation or correlation? Using securities lending data from central banks allows the hypothesis to be tested.
Continue reading..Did junk bond investors overreact?
Continue reading..Were regulatory warnings about bond market herding borne out in the high yield sell off and rebound?
Continue reading..There have been plenty of words written about the high-yield corporate bond market in the last week, but sometimes a chart expresses things better than words.
Continue reading..Junk bond funds are seeing record outflows. This has been described as a 'six-sigma event', in other words, six standard deviations away from the mean weekly flow, something that if normally distributed should only be expected once in millions of years. By definition that's unusual, but in the context of broader investment in riskier corporate…
Continue reading..
Japan's financial markets are undergoing profound ...
Every quarter, MSCI's index rebalancing announceme...
Two new visualisations show how AI transformed the...