Post Profile

BofA: "2018 Is When Bond Investors Again Get Very Concerned About Fundamentals"

One week ago, we closed the book on the long-running debate whether gross (and net) leverage is the highest on record, when we showed a chart from Goldman according to which net debt/EBITDA for all companies (with or without energy) is the highest on record, surpassing the previous credit bubble peak by nearly 0.3x turns. Furthermore, as Goldman said that the time, "given we are 8+ years into an economic expansion, we believe it’s prudent to also view this via a “normalized EBITDA” lens (i.
read more


Related Posts

BofA Gives The 3 Reasons Why Investors Have Been Dumping Government Bonds

Business & Finance : Business Insider: Clusterstock

The sell-off in Treasury bonds has sent yields racing higher over the past few weeks, and no one really seems to be sure of exactly what is driving the move. It even caused Bill Gross, who runs the world's biggest bond fund at PIMCO...

These Shale Companies Will File For Bankruptcy First: Goldman's "Best And Worst" Shale Matrix

Business & Finance : Zero Hedge

Over a month ago we presented a ranking of "America's most levered energy companies." Since then they have all, without exception gotten clobbered, not only in their publicly traded stock but also their debt. Today, long after the l...

Remember When Bill Gross Was A Bond Vigilante?

Business & Finance : Business Insider: Money Game

Earlier this year, the world's most famous bond investor, Bill Gross, was short US government debt. He was hailed as THE VIGILANTE by Megan McArdle at The Atlantic: At long last, it seemed, the long dormant bond vigilantes had arriv...

CHART OF THE DAY: BofA's Retail Investor Clients Just Staged A Huge Bond Market Exit

Business & Finance : Business Insider: Clusterstock

In the week ended September 11, 2013, investors poured $14.3 billion into mutual funds oriented toward stocks while yanking $3.5 billion out of bond funds. "Bottom line: it's stocks over bonds as tapering approaches," says BofA Merr...

Corporate Leverage Has Never Been Higher

Business & Finance : Zero Hedge

With the following chart from Goldman's Robert Boroujerdi, we can finally close the book on whether US corporate leverage is at all time highs. It is... and it's even higher on a "normalized" basis. As the Goldman strategist writes,...


Copyright © 2016 Regator, LLC