TIAA-Cref Bond Index Fund
AstraZeneca Issued High-Grade Bonds to Acquire ZS Pharma
Last week, AstraZeneca issued A2/A rated high-grade bonds worth $6.0 billion to fund the acquisition of ZS Pharma (ZSPH).
Why Is ‘Carry’ Compressed in Financial Markets?
In his investment outlook for June 2016, Bill Gross asserted that “carry” is compressed in nearly every form. It has more risk than return.
The Results Are in, But Who Issued the Most High-Grade Bonds?
Supranational, Agency, and Sovereign dominated the primary market for high-grade bonds in the week ended February 5, making up 50.7% of all issues.
Anheuser-Busch Had Record Issuances in High-Grade Bonds Last Week
Anheuser-Busch InBev (BUD) issued $46.0 billion in high-grade bonds rated A2/A- rated on January 13. This was the second largest high-grade bond issuance on record.
Barclays Tops the List of High-Grade Bond Issuers
Barclays (BCS) is an international financial services provider engaged in personal, corporate, and investment banking, credit cards, and wealth management.
Lockheed Martin Issued $7.0 Billion Worth of High-Grade Bonds
Lockheed Martin (LMT) is a global security and aerospace company. It issued Baa1/BBB+ rated high-grade bonds worth $7.0 billion through six parts.
Corporate Bond Market Liquidity: Cause for Concern?
Since the secondary corporate bond market trades over the counter (unlike stocks), broker-dealers play vital roles as market intermediaries.