In investing, returns are everything, and when it comes to fixed income, yield is everything. The Wall Street Journal reports that investors are “desperate for decent income” and that riskier companies, which typically offer higher yields in return for higher risk, are “taking full advantage.” ...
September 23, 2019
Metro Bank in the U.K. jettisoned a $250 million pound bond issue on Monday (Sept. 23), after not enough investors picked up on it, even though it had a high yield, according to a report by Reuters. The bank, which was started in 2010, recently lost 1.5 billion pounds of stock value after it confessed […]
