Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (2 lettori)
- Creatore Discussione gionmorg
- Data di Inizio
corradotedeschi
Forumer storico
Junk Bonds Slump as Morgan Stanley Sees a Bigger Unwind Ahead
questa volta avevano visto giusto...a settembre....correzione sui bond jumk
questa volta avevano visto giusto...a settembre....correzione sui bond jumk
corradotedeschi
Forumer storico
Scusate chi ki puo' spiegare questo su Petsmart:
PetSmart Inc. high-yield bonds with an 8.9 percent coupon maturing in 2025 that were issued just a few months ago fell 3 cents on the dollar to 88 cents, their lowest-ever price, after the pet-store chain’s chief executive stepped down, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.
PetSmart Inc. high-yield bonds with an 8.9 percent coupon maturing in 2025 that were issued just a few months ago fell 3 cents on the dollar to 88 cents, their lowest-ever price, after the pet-store chain’s chief executive stepped down, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.
captain sparrow
Forumer storico
da SA
Summary
The outlook is based on BOFA 1,870 debt issues, which together represent c. $1.25 trln in principal amount (most of the issues are represented in HYG)
US High Yield Index was down again last week, this time by as much as 11.6 bps. Most of the decline came from Communications this week, which fell sharply again by 30 bps and contributed over half of the overall HY decline, as it can be seen from Figure 1. Financials were the second worst on weighted basis and in absolute terms lost 26 bps. Utilities continued to suffer: the sector declined by 34 bps. Consumer non-cyclicals were up this week by 21 bps, they are also the best performing sector for last month, despite declines over previous two weeks.
Summary
- US High-Yield is under pressure again, down by 12 bps – US Treasuries yield curve is up 0.03 – 0.09%.
- Tightening monetary policy, and effects of taxation reform are the key reasons.
- Communications led the decline with FTR and WIN bonds down by 1.5%-4.2%; Consumer Non-Cyclicals is the only winner on the news of TFM possible turnaround and acquisition of KND’s assets.
The outlook is based on BOFA 1,870 debt issues, which together represent c. $1.25 trln in principal amount (most of the issues are represented in HYG)
US High Yield Index was down again last week, this time by as much as 11.6 bps. Most of the decline came from Communications this week, which fell sharply again by 30 bps and contributed over half of the overall HY decline, as it can be seen from Figure 1. Financials were the second worst on weighted basis and in absolute terms lost 26 bps. Utilities continued to suffer: the sector declined by 34 bps. Consumer non-cyclicals were up this week by 21 bps, they are also the best performing sector for last month, despite declines over previous two weeks.
captain sparrow
Forumer storico
All That New Shale Oil May Not Be Enough as Big Discoveries Drop
opinione personale: come già qualche analisi aveva previsto, la caduta degli investimenti in nuove esplorazioni, potrebbero portare nel giro di 3/5 anni a una scarsità di greggio, con conseguente aumento dei prezzi. forse adesso sarebbe il momento buono per investire in bond petroliferi, magari a media scadenza 5/8 anni onde non soffrire troppo dell'aumento dei tassi. anche il rublo dovrebbe risentirne in maniera positiva. già adesso con questi prezzi, i russi incassano 4000 rubli a barile, quindi quanto pre crisi con l'oil a $ 100. non credo che gli amerindi gradiscano molto. ci sono titoli russi che rendono ancora 8%, e con il rublo a 68/69 potrebbe essere un buon affare anche in ottica cambio, oltre che tasso . opinione personale come già detto
opinione personale: come già qualche analisi aveva previsto, la caduta degli investimenti in nuove esplorazioni, potrebbero portare nel giro di 3/5 anni a una scarsità di greggio, con conseguente aumento dei prezzi. forse adesso sarebbe il momento buono per investire in bond petroliferi, magari a media scadenza 5/8 anni onde non soffrire troppo dell'aumento dei tassi. anche il rublo dovrebbe risentirne in maniera positiva. già adesso con questi prezzi, i russi incassano 4000 rubli a barile, quindi quanto pre crisi con l'oil a $ 100. non credo che gli amerindi gradiscano molto. ci sono titoli russi che rendono ancora 8%, e con il rublo a 68/69 potrebbe essere un buon affare anche in ottica cambio, oltre che tasso . opinione personale come già detto
Near
Forumer storico
ma se l'oil sale i produttori di shale tornano a estrarre con maggiori margini e quindi più petrolio sul mercato abbassa nuovamente i prezzi mettendo di nuovo in sofferenza i produttori shale e non shale.
fabriziof
Forumer storico
Gli amerindi?
gualberto
Charlie don't Surf
Moody's aggiorna il rating GOL Corporate a B2
http://www.nasdaq.com/press-release...-corporate-credit-rating-to-b2-20171226-00250
http://www.nasdaq.com/press-release...-corporate-credit-rating-to-b2-20171226-00250