Vilified for worsening the financial crisis, the credit derivatives market is undergoing a structural shift as money managers take on risk shunned by banks after regulators forced lenders to shrink their dealings.
Geo Group Inc., an operator of mental-health facilities and prisons, and Solutia Inc. are marketing notes this week as high-yield, high-risk companies take advantage of open credit markets to refinance debt.
Rising corporate-bond trading signals that liquidity is robust even as Wall Street’s biggest banks cut their inventories of the securities in response to new rules and regulations, according to JPMorgan Chase & Co.
Michael Buchanan knew exactly what to do as markets were rocked in recent weeks on concern turmoil in developing nations from Argentina to China and Turkey would cause the global economic recovery to derail: buy junk bonds.
Sun TV Network Ltd. and SpiceJet Ltd. , companies controlled by the Maran family, plunged on report India’s federal investigator is probing an investment by Malaysia’s Maxis Group into a business run by the Marans.
BlueMountain Capital Management LLC and Saba Capital Management LP are leading investors into the debt market’s darker corners to boost returns, buying securities from collateralized loan obligations to bonds that seldom trade.
Western Asset Management Co. and Janus Capital Group Inc. are in preliminary discussions with Bonds.com Group Inc. to use the electronic trading service as they seek alternatives to dealers with shrinking inventories.
Investment-grade corporate bonds are showing signs of life following the biggest losses since 2008 as concern wanes that a Federal Reserve pullback from record stimulus will cause a surge in interest rates.