Bill Gross: Bond Vigilante, Minsky Convert
Cross-posted from Credit Writedowns In the end, I hearken back to revered economist Hyman Minsky – a modern-day economic godfather who predicted the subprime crisis. “Big Government,” he wrote, should become the “employer of last resort” in a crisis, offering a job to anyone who wants one – for health [...]
Portuguese Bond Sale May Make Bailout ‘Inevitable’: Euro Credit
Portuguese yields may be rising to levels that force the nation to follow Greece and Ireland in requesting a bailout from the European Union and the International Monetary Fund to avert default.
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Spain Power Debt Infects Enel With Sovereign Bond Market Woes: Euro Credit
Europe’s spreading sovereign debt crisis is making it tougher for Spain to pay electricity bills, and that’s infecting corporate bonds beyond its borders.
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Bond Sale Pulled as Rate Bets Send Yield to Four-Month High: Russia Credit
Russia scrapped a sale of ruble bonds for the second time this month as the prospect of rising interest rates sent yields to the highest in at least four months and threatened plans to double borrowing next year.
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Stericycle Plans Debt as 6 Year-Low in Yields Spurs Sales: New Bond Alert
Stericycle Inc. , the Illinois-based provider of regulated medical waste management services, plans to sell $400 million of debt after July issuance jumped to the highest since March.
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Ferro Plans Debt as Profits Renew Investors’ Risk Appetite: New Bond Alert
Ferro Corp. , the Cleveland-based maker of porcelain enamel for cookware and appliances, is marketing debt as investors gain confidence company profits will continue to grow.
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Washington School Board Approves Bond Issue
Hoping to avoid a third round of cuts, the Washington School Board voted Tuesday night to place a $15 million no-tax increase bond issue on the August ballot.
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UPDATE: Washington School Board Approves Bond Issue
Hoping to avoid a third round of cuts, the Washington School Board voted Tuesday night to place a $15 million no-tax increase bond issue on the August ballot.
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Thermon Plans Debt as B-Rated Bond Returns Lag: New Issue Alert
April 22 (Bloomberg) — Thermon Industries Inc., the maker of heating systems for petroleum and chemical processing, is marketing debt as middle-graded high-yield, high-risk bonds underperform.
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CIT’s Bond Comeback Sets Stage for Debt Sale: Credit Markets
April 13 (Bloomberg) — CIT Group Inc. , the commercial lender run by John Thain that emerged from bankruptcy in December, is staging a comeback in the bond market.
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