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"[North America) telcos are more of a bond proxy," said Tan. "They have low growth, good free cash flow and they reward shareholders with bond buy backs and dividends".
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RBOCs, I think are nothing but bond proxies, while long distance carriers will continue to be under competitive pressure, with the exception of WorldCom which I actually like (See sidebar).
Since such defaults were rare to nonexistent in the boom years of the 1990s, for which he had data, Dr. Li looked at correlations between the prices of insuring corporate bonds as a proxy.
Using the excess bond premium as a proxy for fluctuations in the supply of capital, I also extend the generalizability of my findings to a broader sample of 84,421 firm-years over the 1972 2011 period.
The yield on Portugese bonds, which is a proxy for the interest rate Lisbon must pay, is still above 6%.
Therefore, personalised and generalised trust could be an imperfect proxy for bonding and bridging types of social capital.
Similarly, among humans, touch might seem to serve as little more than a proxy for social bonds: if we often experience friendly or loving caresses, it's safe to assume that we have a strong social network, which is itself one of the best predictors of happiness, health, and longevity.
Using risk factors that measure the performance of stock and bond markets as well as proxies for market volatility and liquidity, they find that the Swiss franc clearly exhibits the typical pattern of a safe haven currency as it tends to appreciate when there is an increase in risk.
(B ) Chemical representation of the trapped proxy, depicting covalent bonds linking Rsp5 Cys777, a Ub Cys75 (in place of Gly75-Gly76) and Sna3C Cys125 (in place of Lys125) in Rsp5WW3-HECTxUbxSna3C complex.
Based on the maturity of the bonds, the 7 10 year government bond index was selected as the proxy for the long-term government bonds, while the 1 3 year government bond index was chosen as the proxy for the short-term government bonds (Table 2).
Over the past decade or so, the worst loss suffered by Lehman's Aggregate Bond Index, a proxy for the entire bond market, was a 3.5% decline over two months in mid-2003.
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