Search Results for: corporate bond

Correlation – CCC vs. BBB-rated U.S. Corporate Bonds Investors rush into junk bonds. Is it time to worry? Image: Arbor Research & Trading LLC

U.S. IG Corporate Bond Quarterly Total Return Year-to-date, the quarterly loss in U.S. corporate bonds exceeds that of previous years, post-2008. Image: BofA Global Research

U.S. and European Equities – % of Corporates Whose Dividend Yield is Above the Corporate Bond Yield U.S. and European equities look cheap relative to corporate debt. Image: Goldman Sachs Global Investment Research

Corporate Bond Yields vs. Dividend Yields Corporate bond yields are low compared to equity dividend yields. Image: Goldman Sachs Global Investment Research

Ownership of U.S. Corporate Bonds Around 28% of U.S. corporate bonds are held by non-U.S. investors. Image: BofA

Corporate Bonds – Number of Fallen Angels in U.S. with 2020 Projection While fallen angels get Fed’s helping hand, their numbers in 2020 are expected to reach the same levels as in 2001 and 2009. Image: J.P. Morgan

U.S. Dollar Index and Foreign Ownership Share in the U.S. Corporate Bond Market Chart suggesting that the relationship is virtually non-existent between the U.S. dollar and net foreign purchases of U.S. corporate bonds. Image: Goldman Sachs Global Investment Research

Corporate Bonds – Share of Market Value in Bloomberg Barclays USD IG (AAA, AA, A, BBB) Credit quality is deteriorating, as the amount of BBB-rated bonds, one step away from junk bonds, has doubled since 1990. Image: Deutsche Bank Global Research

Corporate Bond Defaults Corporate bond defaults are on the rise this year: US$70bn in Q2 2020, the largest on record. Image: Institute of International Finance

Real Yield on U.S. Corporate Bond IG & HY vs. Equity Earnings Yield Real yields on U.S. corporate bonds (IG & HY) exceed equity earnings yield Image: Gavekal, Macrobond

Non-Financial Corporate Bond Debt Chart showing the corporate bond debt due within the subsequent three years. Is this where the next debt crisis will begin? Image: Financial Times