Word: corporatese
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--Corporate bonds are looking sweeter than government-issued Treasuries. The spread (difference in yields) between the two types gaped with the nonstop corporate scandals of the past year, as companies had to pay higher yields to entice wary investors. Although that spread has narrowed a little (10-year corporates now...
As for dividends, the blue chips were yielding about 3% last week, and some of the racy electronics and missile favorites were paying nothing at all. Meanwhile, back in the bond market, the tax-exempts were yielding a handsome 3.8%, while the highest-grade corporates also moved above 4½...
The American Tobacco deal will climax two months of day & night work for investment bankers. They timed the bulk of their financing to fall between the Fifth War Loan in July and the Sixth War Loan drive in November. Since the first of the year, bondmen have marketed more than...
> NHA (National Housing Agency) in corporates 16 old agencies that dealt with housing, such as FHA, USHA, PBA, etc.