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  • Chinese Oil Majors Create Smörgåsbord for Bond Investors

    By Peter Pham - June 10, 2013 | Tickers: SNP, CEO, LQD

    The second half of April saw record setting bond sales Hong Kong and New York. Asia’s leading oil refiner, Sinopec (NYSE: SNP), sold $3.5 billion, which was not only the biggest bond sale by a Chinese company in the last ten years, but also the single largest sale in Asia, excluding Japan. Two weeks later, CNOOC (NYSE: CEO) announced an even bigger bond sale worth $4 billion. With more »

  • Betting on Floating Rates

    By Federico Zaldua - March 20, 2013 | Tickers: FLOT, HYG, LQD

    A few weeks ago, in my blog FixedIncomeNow, I made a post about how I expected current record low rates of interest to increase at some point in the near future. After all, the US economy is ameliorating at a steady peace and unemployment is starting to react to this growth. When rates go up, bond prices go down unless your bonds have a floating coupon. Since 2008 bonds with more »

  • High-Yield Debt Continues its Move Higher

    By Daniel James - January 22, 2013 | Tickers: HYG, LQD, JNK

    In an ultra-low interest rate universe, yield-hungry fixed-income investors have been left with precious few places to put their money to work. With record low interest rates, investors are sitting on huge piles of cash that in many cases is being funneled into high-yield funds, evidenced by the huge inflows these funds have experienced over the last year. While some analysts warn that the bull-run on high-yield debt may be more »

  • Can Jefferies Repeat Bond Performance in 2013?

    By Peter Pham - January 2, 2013 | Tickers: LQD, JEF, JPM, KCG, LUK, NES.DL

    Jefferies Group (NYSE: JEF) posted better than expected results for its fiscal fourth quarter, which saw profits jump by 48% from last year to $71.6 million. Revenues increased by 37% to $760.6 million, which is about $38 million more than analysts’ expectations. It should be noted that Q4-2011, from which the current results are being compared, was particularly tough for Jefferies; its income, excluding extraordinary items, dropped by more »

  • Diversify Your Portfolio with Corporate Bonds ETFs

    By Shas Dey - December 11, 2012 | Tickers: CFT, LQD, LWC, VCIT, VCSH

    If you are looking for a midway point between keeping cash idle in a bank account or putting it in rollercoaster equity, then you should look into the bond market. Investing in corporate bonds is an attractive way to balance out riskier all-equity portfolio. While corporate bond markets can provide you better returns than treasury bonds, it is also less risky than equity markets. Corporate bonds are issued by various more »

  • Should We Follow Billionaire Bill Gross Here?

    By Brian Gorban - October 23, 2012 | Tickers: LQD, PTY, PCN

    As any investor will tell you, being able to consistently outperform the market is no easy feat whatsoever. One strategy that has proven to be effective over time in determining whether a stock is moving higher is insider accumulation due to one simple reason: insiders buy shares, just like us, to make more money. Furthermore, they have an enviable vantage point of the day-to-day operations of the company and/or more »

  • Corporate Bonds Look Cheap Again

    By Daniel James - August 29, 2012 | Tickers: LQD, CORP

    The bond markets, including corporate bonds, have been in a long-term uptrend for some time now. Long-term Treasuries have tacked on 8.5% in the last twelve months, and corporate bonds are up about 4.7%. In recent years bonds have performed so well, in fact, that some have claimed the bond market to be in a bubble. For example, this week the sale of corporate debt reached $86 billion more »

  • Is the Risk Free Premium Dead?

    By Peter Pham - June 29, 2012 | Tickers: SHY, LQD, TUZ

    If there is one thing that the events of the past few months have taught us it is that any mathematical model based on the default risk premium of a government bond is not zero.  While millions of MBA students the world over are being inculcated in this concept, the truth is that it is as close to reality as any current Greek budgetary prediction.  We accept that there is more »

  • The Financial Road to Singapore

    By Peter Pham - June 27, 2012 | Tickers: ASEA, HYG, LQD, EWS

    Looking over the financial landscape today it is obvious that we are entering a phase of capital flight from the West towards the East.  It has been my contention that there are a number of recipients of this wealth transfer but the main ones at this point in time look to be Japan and Singapore.  I’ve covered what I think it happening in Japan right now previously, but suffice more »