Typical double-B Cat bonds have rates five points above Libor, compared to three to four for corporate bonds.
It is mostly higher-rated paper with 28 of the combined 31 deals carrying at least one double-B rating.
FORBES: In low-rate environment, more "high yield" bond issuers forge into 4% territory
In a see-saw motion, deals with at least one double-B rating fell from 39% of the total in September to just 15% last month while those with at least one triple-C rose to 33%, from 24%.
Consider that the double-B subset of the Barclays High-Yield Index, at 4.33% on Tuesday, is nearly a full percentage point lower than where it stood at the beginning of September and is down roughly 175 bps from levels a year ago.
FORBES: In low-rate environment, more "high yield" bond issuers forge into 4% territory
There were signs at the July lows that a double bottom (line b) was forming.
You could recapitalize Company B and nearly double its value.
The daily chart of the Powershares DB US Dollar Index Bullish Fund ( UUP) shows the breakout from a short-term double-bottom formation (line b).
It is worth noting that (a) the Shanghai stock market did not react well to another GDP report showing the economy to be growing at double-digit rates and (b) that there are other emerging markets also starting to play the tightening game.
To get the same yield, an investor would have to buy a lower-rated bond, such as a 15-year double-A-rated bond or a triple-B-rated bond maturing in eight years.
In In re Bonham, a chapter 7 trustee brought numerous actions to avoid transfers made to investors of a failed Ponzi scheme, including seeking to recover double the usurious interest paid to those victims. 229 B.
Helen Casey and Jen Goldsack came fifth in the women's lightweight double while Paul Mattick and Daniel Harte were fourth in the lightweight group B semi.
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That (double) film was all about the gory joys of the cheapest kinds of B movies and Machete follows in its footsteps.
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