From a Hominin Scratching on a Clam Half a Million Years Ago to Neanderthals Spraying Ocher, Art Is Hard to Define. So Far, Sapiens Is the Only Figurative Artist in History. Why Is Another Matter
Jul 07 2021, 11:01 AM
July 06 2021, 7:40 PM
July 07 2021, 11:01 AM
(Bloomberg) Investors looking to make a buck on corporate distress can only hope the post-pandemic world is more accommodating.
(Bloomberg) Investors looking to make a buck on corporate distress can only hope the post-pandemic world is more accommodating.
Rock-bottom interest rates, a reopening economy and yield-starved investors mean all but the most-troubled businesses have managed to borrow their way out of trouble. Credit markets may not be so friendly if the projections underlying that borrowing prove too rosy once post-Covid results come out, according to Phil Brendel of Bloomberg Intelligence.
âThe market will shift from pricing on projections and start looking more at actuals,â Brendel said in an interview. âWeâre at credit bubble levels of distressed debt. So credit markets are vulnerable to a significant correction.â
Asian Junk Bonds Offer Most Yield Over U.S. in Nearly a Decade
Finbarr Flynn, Bloomberg News BC-Asian-Junk-Bonds-Offer-Most-Yield-Over-US-in-Nearly-a-Decade , Finbarr Flynn
(Bloomberg) Asian junk bonds are attracting more bullish calls from money managers willing to navigate risks in the region for the juiciest yield pick-up over U.S. peers in nearly a decade.
The yield gap on speculative-grade dollar bonds from Asia over similar securities from U.S. borrowers has widened to about 295 basis points. That puts the premium closer to the 324 basis points touched in November that was the highest since 2011.
Strategists at UBS Group AG have said that junk debt from Asia is the best global credit opportunity in 2021. Analysts from Goldman Sachs Group Inc. have forecast that Asian high-yield notes may return 5.5% this year.