nuvola nera
Forumer storico
Mi associo e faccio Tanti auguri per un sereno Natale a tutti voi e ai vostri cari .
Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa
maxinblack
Forumer storico
Che ne dite delle due GS in area 17$?
Goldman Sachs US38144G8042 Floating Rate (4%)
Goldman Sachs US38144X6094
Goldman Sachs US38144G8042 Floating Rate (4%)
Goldman Sachs US38144X6094
maxinblack
Forumer storico
Stavo pensando se in queste circostanze fosse meglio entrare sui tassi variabili con floor al 4% tipo Santander, Aegon, Bofa, GS, etc che sembrano veramente ai minimi di 5 anni (vedi grafico del Santander allegato). oppure sul tasso fisso di emittenti di qualità che detto in modo grosso modo hanno un rendimento del 6-7% su valori su $24/25. Voi ipoteticamente
che fareste?
arkymede74
Forumer storico
Ciao puoi postare isin Santander?
Fabrib
Forumer storico
https://seekingalpha.com/article/4229910-navios-maritime-holdings-tenders-preferred-stock
Navios Maritime Holdings: Tenders For Preferred Stock
Navios Maritime Holdings: Tenders For Preferred Stock
Eurito
Forumer attivo
Stesso mio dubbio. Potresti optare per una divisione, una parte a tasso fisso emittenti di qualità e un'altra parte del portafoglio a tassi variabili.
Buona vigilia di Natale a tutti
Ultima modifica:
emmegi73
Forumer attivo
Santander Finance Preferred, Float Rate Non-cumul Guar Series 6 Preferred Stock
Ticker Symbol: SAN-B CUSIP: 80281R888 Exchange: NYSE
Fabrib
Forumer storico
MIAMI--(BUSINESS WIRE)-- Ladenburg Thalmann Financial Services Inc. (LTS) announced today that it repurchased 50.9 million shares of its common stock from its largest shareholder, Dr. Phillip Frost, and his affiliates. In addition, all of Dr. Frost’s 3.61 million stock options were cancelled in exchange for a payment of $3.0 million.
The stock was purchased at a price of $2.50 per share. The consideration for the transactions consisted of $53.9 million in cash and $76.35 million in newly-issued 7.25% senior notes due 2028 issued to Dr. Frost and his affiliates.
Houlihan Lokey acted as financial advisor to the Company.
The stock was purchased at a price of $2.50 per share. The consideration for the transactions consisted of $53.9 million in cash and $76.35 million in newly-issued 7.25% senior notes due 2028 issued to Dr. Frost and his affiliates.
Houlihan Lokey acted as financial advisor to the Company.
Fabrib
Forumer storico
By
SUNNYOH
When Treasury Secretary Steven Mnuchin announced he held phone calls with the CEOs of the U.S.’s biggest banks to discuss the sufficiency of their liquidity levels, investors were alarmed since few had been worried about bank liquidity or had seen it as a factor in the ongoing stock-market skid.
Later, a senior Treasury officials reportedly told CNBC the calls in reality had nothing to do with liquidity. Still, Mnuchin could bring some welcome attention back to the ever-present problem of thin trading in bond markets as investors warn of volatile markets next year.
See: Treasury Department’s odd attempt to reassure investors may have just backfired
Since the financial crisis, investors have wailed at the lack of brisk trading in bond markets after primary dealers were forced to cut back on their inventory of fixed-income securities under new regulatory previsions designed to make the banking system safer. As a result, bank’s trading desks have struggled to keep markets ticking in the way investors were used to.
“The positive is banks are probably healthier, the negative is you’re not going to have fully functioning markets,” said Jody Lurie, corporate credit analyst for Janney Montgomery Scott.
The concern is when investors need to off-load large holdings of bonds that sometimes don’t see daily trading, they may have to offer steeper price cuts to tempt buyers. A lack of liquidity could help trigger outsized market movements and accelerate the pace of selloffs.
Primary dealers ability to make markets have come under particular pressure this year.
The Treasury’s deluge of debt issuance after President Donald Trump’s tax cuts have stretched the limited balance sheets of government-sanctioned primary dealers, usually banks who hold the rare privilege of buying and selling directly from the Treasury Department and Federal Reserve. In return, they are expected to bid in Treasury auctions.
That responsibility pushed up primary-dealer positions to a five-year high in December, leaving less room to trade other fixed-income securities, including municipal debt and mortgage bonds. That could exacerbate bond market volatility, said Gautam Khanna, a portfolio manager at Insight Investment, in a December interview with MarketWatch.
Yet for the most part, even as equity markets have been roiled this year, volatility in Treasurys hasn’t flared up as robust appetite for haven assets have ensured government debt remains well-bid.
The 1-month Merrill Lynch MOVE index tracks how much volatility options traders foresee in Treasurys over the next month. It stood at around 62, above its all-time low of 44 in October, but relatively lower than the elevated values seen between 2015 and 2016.
That gibes with the conclusion of financial watchdogs and the Brookings Institution, who say the Treasurys market had functioned well even during the bond market flash crash in Oct. 2015 when the 10-year yieldTMUBMUSD10Y, +0.00% swung 16 basis points in a span of 12 minutes.
Where investors share heightened concerns over market illiquidity is in the smaller universe of corporate bonds.
“It’ll be more in the risky securities, where market liquidity will have issues,” said Lurie.
Daniel Ivascyn, chief investment officer of Pacific Income Management Company, and Scott Minerd, global chief investment officer for Guggenheim Investments, said they were holding more cash or buying up higher-quality bonds to get ahead of market ructions next year and avoid having to sell in thin trading conditions.
When yields for high-yield corporate bonds spike, Lurie said traders looking to sell such paper have had trouble finding someone else to take on another end of the deal. Bond prices move in the opposite direction of yields.
The dearth of buying and selling have pushed investors onto other more liquid markets that serve as proxies for fixed-income debt such as exchange-traded funds focusing on corporate bonds.
With exchange-traded bond funds trading more frequently than the underlying securities, prices for ETFs and the indexes they track have diverged significantly this year.
The SPDR Bloomberg Barclays High Yield Bond ETF JNK, -0.75% is down 3.34% in 2018, even as the underpinning bond index is only down 2.24% over the same period.
SUNNYOH
When Treasury Secretary Steven Mnuchin announced he held phone calls with the CEOs of the U.S.’s biggest banks to discuss the sufficiency of their liquidity levels, investors were alarmed since few had been worried about bank liquidity or had seen it as a factor in the ongoing stock-market skid.
Later, a senior Treasury officials reportedly told CNBC the calls in reality had nothing to do with liquidity. Still, Mnuchin could bring some welcome attention back to the ever-present problem of thin trading in bond markets as investors warn of volatile markets next year.
See: Treasury Department’s odd attempt to reassure investors may have just backfired
Since the financial crisis, investors have wailed at the lack of brisk trading in bond markets after primary dealers were forced to cut back on their inventory of fixed-income securities under new regulatory previsions designed to make the banking system safer. As a result, bank’s trading desks have struggled to keep markets ticking in the way investors were used to.
“The positive is banks are probably healthier, the negative is you’re not going to have fully functioning markets,” said Jody Lurie, corporate credit analyst for Janney Montgomery Scott.
The concern is when investors need to off-load large holdings of bonds that sometimes don’t see daily trading, they may have to offer steeper price cuts to tempt buyers. A lack of liquidity could help trigger outsized market movements and accelerate the pace of selloffs.
Primary dealers ability to make markets have come under particular pressure this year.
The Treasury’s deluge of debt issuance after President Donald Trump’s tax cuts have stretched the limited balance sheets of government-sanctioned primary dealers, usually banks who hold the rare privilege of buying and selling directly from the Treasury Department and Federal Reserve. In return, they are expected to bid in Treasury auctions.
That responsibility pushed up primary-dealer positions to a five-year high in December, leaving less room to trade other fixed-income securities, including municipal debt and mortgage bonds. That could exacerbate bond market volatility, said Gautam Khanna, a portfolio manager at Insight Investment, in a December interview with MarketWatch.
Yet for the most part, even as equity markets have been roiled this year, volatility in Treasurys hasn’t flared up as robust appetite for haven assets have ensured government debt remains well-bid.
The 1-month Merrill Lynch MOVE index tracks how much volatility options traders foresee in Treasurys over the next month. It stood at around 62, above its all-time low of 44 in October, but relatively lower than the elevated values seen between 2015 and 2016.
That gibes with the conclusion of financial watchdogs and the Brookings Institution, who say the Treasurys market had functioned well even during the bond market flash crash in Oct. 2015 when the 10-year yieldTMUBMUSD10Y, +0.00% swung 16 basis points in a span of 12 minutes.
Where investors share heightened concerns over market illiquidity is in the smaller universe of corporate bonds.
“It’ll be more in the risky securities, where market liquidity will have issues,” said Lurie.
Daniel Ivascyn, chief investment officer of Pacific Income Management Company, and Scott Minerd, global chief investment officer for Guggenheim Investments, said they were holding more cash or buying up higher-quality bonds to get ahead of market ructions next year and avoid having to sell in thin trading conditions.
When yields for high-yield corporate bonds spike, Lurie said traders looking to sell such paper have had trouble finding someone else to take on another end of the deal. Bond prices move in the opposite direction of yields.
The dearth of buying and selling have pushed investors onto other more liquid markets that serve as proxies for fixed-income debt such as exchange-traded funds focusing on corporate bonds.
With exchange-traded bond funds trading more frequently than the underlying securities, prices for ETFs and the indexes they track have diverged significantly this year.
The SPDR Bloomberg Barclays High Yield Bond ETF JNK, -0.75% is down 3.34% in 2018, even as the underpinning bond index is only down 2.24% over the same period.
