TITLE

Bond Investors Steer Through Volatility

AUTHOR(S)
French, Jeff
PUB. DATE
December 2005
SOURCE
Investment Dealers' Digest;12/12/2005, Vol. 71 Issue 47, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
19275832

 

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