Targa Resources (NGLS), a major MLP player in the midstream market, has been active in increasing infrastructure and facilitating exports.
Improvement in the up/down ratio commenced one quarter prior to the formal demarcation of the end of the recession.
The primary loan market remained busy with opportunistic issuers coming in to test the investor’s interest for floating interest rate loans.
This article considers the risk and reward of exposure to higher levels of credit risk versus long bond duration risk.
Puerto Rico’s general obligation bonds have been recently downgraded to junk level by rating agency S&P.
The releases this week are crucial to understanding the financial health of the U.S. economy.
The definition of “liquefied petroleum gas” or “LPG” can vary depending on context, but it’s commonly used to refer to the hydrocarbons propane and butane.
According to the National Bureau of Economic Research (or NBER), the trough of the recession was reached in June 2009, and the economy began expanding in Q3 2009.
Mortgage-backed securities (both Fannie and Ginnie) rallied last week as investors scooped up U.S. Treasuries in reaction to international tensions.
The risk-averse investors favored the market despite the fear of the rise in the long-term interest rate with the onset of tapering.
This article considers the trade-offs between high-quality, low-yielding fixed income opportunities and lower-quality higher yields in the current improving economic environment.
Taking advantage of the tax-free nature of the Puerto Rico’s municipal bonds, many mutual funds and ETFs have major holdings in its debt.
Over the past few years, the U.S. has been exporting an increasing amount of liquefied petroleum gases or LPGs, and the has U.S. become a net exporter of LPGs for the first time.
Both the AES Corporation and Access Midstream Partners tapped the high yield bond market and raised $750 million each.
Pharmacy sales are not as highly impacted with the decline in the consumer spending as the sales for discount retailers.
Greece is a perfect example to gauge what can happen in Puerto Rico.
The up/down or upgrade-to-downgrade ratio is the number of credit rating upgrades divided by the number of credit rating downgrades during a specified timeframe.
The ten-year bond yield fell 14 basis points last week, so it’s no surprise that Fannie Mae TBAs caught a bid. Bonds benefited from the “risk-off” trade.
A total of 21 issuers came to the high yield bond market at an average ticket size of $560 million.
The representative frac spread that Market Realist monitors (as formulated by Ceritas Group) sunk to lows of ~$20 per barrel in mid-2013 as natural gas liquids prices were dragged down by cheap ethane and propane..