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Schemes increase exposure in wake of 2022 gilts market crisis and as they prepare for buyout deals
Debt with rock-bottom triple C ratings has missed out on a broader rally
Oaktree’s incoming head talks high-yield bonds, private credit and why regional banks are lending to middlemen
Charlie Ergen’s audacious restructuring plan at Dish Network is emblematic of telecoms industry’s troubles
We don’t know — and we have the charts to prove it
RIP bond kings
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Spreads on high-yield bonds are historically tight. We ask why
Ultra-tight credit spreads are only part of the picture
US central bank chair sees three reductions in 2024 while markets price in five
Sponsors under pressure from investors to return cash but are finding it harder to offload companies
Three offerings target segment of bond market that has been outperforming broader market peers
With rates set to fall, are corporate bonds too expensive?
Bond will fund recycling projects in Ghana and Indonesia that generate offset credits
Growing number of developing countries no longer in ‘debt distress’
Investment-grade companies tap dollar-denominated debt market at fastest year-to-date pace to lock in lower yields
Market prices can change expectations, as well as reflect them
What they do in the shadows
Global inflows of $965bn last year was the second highest tally on record
Yields have fallen to about 8% from 9.4% in early November but some analysts are concerned by high funding costs
Emerging market specialist profited a year ago from real estate and has bought in again after sell-off
The unusual behaviour hit returns but also challenges theory that buy-high-sell-low mentality tends to prevail
Undergraduate enrolments remain below pre-pandemic levels and further decline is expected
US companies are searching for ways to keep their interest costs down while raising capital
Convertible debt worth $48bn was issued last year in rare bright spot for corporate fundraising
International Edition