Top news
DIA caught in the headlights
Bonds Bonds hold up relative to shares as buyside awaits clarity
BY YORUK BAHCELI
4ROUBLEDû3PANISHûRETAILERûDIASû
UNSECUREDûBONDSûAREûSTILLû
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LIQUIDITYûRISKS
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VOLUMESûTHISûYEARûACCORDINGûTOû
-ARKET!XESSûDATA
The large volumes are
PUZZLINGûASûANALYSTSûSAIDûTHATû
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RELATIVELYûHIGHûBIDûPRICESûONûTHEû
BONDS
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VARIOUS OPTIONS
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ANALYSTSûSAIDû"UTûTHOSEû
Netflix goes long to keep streaming cash
Bonds Content may be king, but debt is essential
BY JOY WILTERMUTH
NETFLIXûRAISEDûNEARLYû53BN
EQUIVALENTûINûTHEûJUNK
BONDû
MARKETûLASTûWEEKûANDûISû
EXPECTEDûTOûKEEPûCOMINGûBACKûINû
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TERMûDEBTûTOûALMOSTû
53BNûSINCEûITSûlRSTûBONDûDEALû
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QUALITYûIMPROVEMENTvû
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CREDITûANALYSTSûATûlNANCIALû
SERVICESûlRMû*ANNEYû
-ONTGOMERYû3COTT
“We are in an issuer’s
market and anything
goes these days”