Exact(2)
If a rating falls any lower, bonds are considered to be below investment grade, and so will be shunned by some of the world's biggest investment institutions.Britain's BT, with £30 billion ($43 billion) of debts, has become another desperate case.
All item locations are within the upper and lower bonds of the 95% confidence interval as represented by the dotted lines.
Similar(58)
This should lower bond yields.
The lower bond yields go, the more compelling equities look.
The aim of QE is to lower bond yields.
Lower bond yields make the dividends paid by utilities more attractive.
Philadelphia's lower bond rating still signifies a low probability of default.
Governments which deliver austerity are supposed to benefit from much lower bond yields.
Lower bond yields encourage borrowing; higher equity prices raise consumption; both help investment and boost demand.
But the resulting lower bond yields then boost consumer confidence, heating the economy up again.
One problem is that QE mainly works via lower bond yields.
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