Global Corporate Bond Sales

Global Corporate Bond Sales Companies sold a record amount of bonds in September. Yield-seeking investors were served up $434bn of new corporate bonds globally. Picture source: Financial Times

Dividend Yield vs. Corporate Bond Yield

Dividend Yield vs. Corporate Bond Yield This chart shows that dividend yields of European companies appear more attractive than corporate bond yields. Picture source: Goldman Sachs Global Investment Research

Negative Yielding European Corporate Bonds

Negative Yielding European Corporate Bonds Now, €1.1 trillion of European corporate bonds yield are below zero: exactly half of the European high-grade credit market. Picture source: BofA Merrill Lynch

Total Negative Yielding Corporate Bonds Outstanding

Total Negative Yielding Corporate Bonds Outstanding Negative-yielding corporate debt passed $1 trillion in market value. Investors face significant risk should rates start to rise. Picture source: Bianco Research

Value of U.S. Corporate Bonds by Rating

Value of U.S. Corporate Bonds by Rating Since the Great Recession, the U.S. corporate bond debt rated ‘BBB’ exceeds $3 trillion. If the U.S. economy goes wrong, this is bad news for investors. Picture source: The Wall Street Journal

The U.S. Corporate Bond Debt Rated ‘BBB’ Exceeds $3 trillion

The U.S. Corporate Bond Debt Rated ‘BBB’ Exceeds $3 trillion The U.S. corporate bond debt rated ‘BBB’ exceeds $3 trillion. That’s 53% of investment-grade bonds in the United States. Keep in mind that any drop in the credit ratings could amplify the next recession: many investment grade investors own BBB-rated bonds, but are not allowed…

U.S. Corporate Profits and S&P 500

U.S. Corporate Profits and S&P 500 Corporate profits have mostly been flat over the past five years. Is a new bubble being formed? Picture source: Oxford Economics, Macrobond

U.S. Consumer vs. Corporate Debt

U.S. Consumer vs. Corporate Debt This chart puts interest rates on non-prime consumer credit accounts into perspective vs. CCC corporate bonds. Picture source: Goldman Sachs Global Investment Research