CIT Group Inc
Unemployment and discouraged workers: The improvement continues
This article considers the halfway mark improvement in the U-4 labor data and the implication for fixed income investors.
Bear strategy: Profit from rising rates with fixed income ETFs
Investors could consider hedging their short-term duration risk (HYG: 3.98 years, JNK: 4.20 years) with a short position in longer-dated bonds.
Exploring PSEC’s Online Lending and Structured Credit Investments
Prospect Capital has seen strong growth in originations through its online platform. The company has entered into the online lending business with National Property REIT.
PSEC Cashes In on Its Controlled and Structured Credit Strategy
Prospect Capital’s (PSEC) controlled investments in fiscal 3Q16 stood at 33.3% of its total portfolio compared to 32.5% in the previous quarter.
Prospect’s Leverage Falls Due to Net Exits in Fiscal 2Q17
Leverage declines Prospect Capital (PSEC) has been operating at higher leverage to take advantage of low rates. The company saw higher net exits in fiscal 2Q17, which led to lower leverage. Notably, Prospect’s fiscal 2Q17 net debt-to-equity ratio declined to 76.2% from its fiscal 2Q16 debt-to-equity ratio of 80.2% and 77.4% in the two previous quarters. As […]
Prospect Deploying towards Real Estate, Structured Investments
Controlled, online lending Prospect Capital’s (PSEC) controlled investments in fiscal 2Q17 rose to 31.5% of its total portfolio, compared with 30.6% in the previous quarter. The company targets selective exits to raise capital when it has found attractive pricing. In fiscal 2Q17, it saw net exits of $175.5 million, compared with net investments of $232.8 million […]
Prospect Capital’s Higher Leverage Could Impact Returns in 2017
Since the Fed increased interest rates in December 2016, Prospect Capital (PSEC) could see some pressure on its cost of capital in 2017.
Prospect Capital Focusing on Structured, Controlled Investments
Prospect Capital (PSEC) has deployed money for equity investments and majority stake when there’s an opportunity for an investment in growing businesses.
Prospect’s Leverage Rises on Higher Origination in Fiscal 1Q17
Prospect Capital has been operating at higher leverage to take advantage of low rates. But the Fed is expected to raise interest rates in calendar 4Q16.
Prospect Capital’s Controlled Investments, Structured Credit Expansion
Prospect Capital’s (PSEC) controlled investments in fiscal 1Q17 rose to 30.6% of its total portfolio, as compared to 29.7% in the previous quarter.
PSEC Reduces Leverage amid Low Originations, Potential Rate Hike
Prospect Capital (PSEC) has used the low interest rate environment to its advantage by deploying higher leverage over the past couple of years.
Prospect Capitalizes on Its Controlled and Structured Credit in 4Q
Prospect Capital’s (PSEC) controlled investments in fiscal 4Q16 declined to 29.7% of its total portfolio, as compared to 33.3% in the previous quarter.
Prospect to Deploy More in Control, Online, Structured in 4Q16
Prospect Capital’s (PSEC) controlled investments in the March quarter stood at 33.3% of its total portfolio compared to 32.5% in the previous quarter.
What to Expect from Closed-End Fund Earnings and Consolidation in 2016
Closed-end funds will be tested on a quality of their portfolios. Companies with higher leverage and lower grade investments will see discounted valuations.
High-Yield Bonds and You in 2016
High-yield bonds, also known as Junk bonds, have an iffy repayment ability, even if they are at the higher end of the junk rating scale.
VWEHX Is a Safe Fund If Liquidity Temporarily Dries Up
VWEHX looks like one of the safest funds to be around in case liquidity dries up temporarily. The fund mainly avoided investing in the deep end of the junk category.
Why global growth is driving long-dated bond yields higher
This article considers the improving real GDP growth rate in the U.S. economy and the implications for fixed income investors.