Bond Investors Steer Through Volatility

French, Jeff
December 2005
Investment Dealers' Digest;12/12/2005, Vol. 71 Issue 47, p24
Trade Publication
This article presents information on the performance of the bond market in the year 2005. According to the author, the decline in the interest rates in mid-year helped increase asset-backed bond issuance, while investment-grade volume showed no change and high-yield issuance slowed down. Marwan Marshi, global head of capital markets at Citigroup, said that there was not nearly much of a need for the high-grade sector in this year as corporations and financial institutions did a lot of financing during the 2003 and 2004. Junk bond volume decreased by more than 40% because of the second-quarter slowdown, though a strong showing by the leveraged loan market.


Related Articles

  • CDOs: Don't Skimp On The Swap. Hintze, John // High Yield Report;5/27/2002, Vol. 13 Issue 21, p1 

    Investigates the effect on interest-rate swaps on collateralized debt obligations (CDO) in the U.S. Risk for investors in securitized credit; Implication of diversity issues for collaterized loan obligations; Details of high yield cash-flow arbitrage CDO transactions completed between 1997 and...

  • Higher Rate Trend Ends; Home Equities Help Bolster Issuance. Sinnock, Bonnie // National Mortgage News;8/22/2005, Vol. 29 Issue 47, p5 

    Examines the status of the mortgage-related securities origination and issuance market in the United States. Overall bond market issuance during the first half of 2005; Factors affecting mortgage-related securities issuance in the country; Effect of the continued low interest rates on the...

  • Refinancings Dominate 2009 ABL Issuance: Demand for New Assets Outstrips Supply. DIKEOS, MARIA // Secured Lender;Mar2010, Vol. 66 Issue 2, p36 

    The article argues that the high yield bond market and a resilient asset-based loan (ABL) market open opportunities to capital-constrained issuers in the U.S. in 2009. It reports that a strong open high yield bond market helped in pre-2006 structuring trends that partnered asset-based loans with...

  • Toxic junk CDOs spur new buy-side infatuation with real estate. O'Leary, Christopher // Asset Securitization Report;4/21/2003, Vol. 3 Issue 16, p6 

    Reveals why real-estate collateralized debt obligations (CDO) are more popular than junk bond CDO. Increase in the value of real-estate CDO deals; Investment banks involved in them; Investment bankers' doubts on the durability of the real-estate CDO boom.

  • High Yield Will Shine As Interest Rates Rise. O'Leary, Christopher // High Yield Report;5/10/2004, Vol. 15 Issue 19, p1 

    Reports that the high yield corporate bonds could be immune from the short-term effects of interest rate volatility in the U.S. Relationship between high yield bond market and the Treasury market; Credit quality of high yield corporate bonds; Default rates of high yield corporate bonds.

  • Some Worry HY Bubble Is Ready to Pop. Sheahan, Matthew // High Yield Report;3/18/2013, p31 

    The article discusses concerns by some finance professionals that trends in the high yield market may adversely affect its sustainability. Parallels between the leveraged loan market of 2007 and the state of the high yield bond market in 2012/2013 are described. The decision of some investors to...

  • US High-Yield Market Coming Back To Life. Platt, Gordon // Global Finance;Nov2007, Vol. 21 Issue 10, p67 

    The article reports on the revival of the high-yield bond market in the U.S. The author claims that one factor that contributes to the revival is the move of the Federal Reserve Board to reduce the interest rate. This move enables some companies to double the size of planned note issues due to...

  • Junk Bonds Heat Up Usually Slow Summer. Sheahan, Matthew // High Yield Report;8/16/2010, Vol. 21 Issue 33, p35 

    The article reports on the August 2010 international bond market. The month saw a surge in new junk bond issuance wherein lots of new issues were brought to the market to lock in low interest rates and refinance debts, according to the author. By August 11, 35 issuers had priced more than 23...

  • LatAm Q2 wrap: All about the rates. F.O. // Asset Securitization Report;7/12/2004, Vol. 4 Issue 28, p1 

    Reports on trends in the asset securitization market in Latin America. Decline in issuance in Mexico; Details about the first non-performing loan in the region; Effects of rising interest rates; Resumption of underwriting; Market trends.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics