Projected forward one month Treasury bill rates dropped by as much as 0.26% in 2024 and created the first rate peak in our...
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Caterpillar Inc. Bonds: Low Risk and Good Value from a Brand Name
Caterpillar Inc. (CAT) is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines,...
Target Corporation Bonds: Expect More, Pay Less
Target Corporation (TGT), founded in 1902, is the second largest discount retailer in the United States. In this note, we turn...
Morgan Stanley Bonds: Default Risk Improves but Bond Value Slips
Morgan Stanley (MS) is both one of the world’s most important financial institutions and one of the world’s few survivors of a...
Intel Corporation: Default Risk is Down but The Bonds are Still Expensive
In this note, we take a third look at the bonds of another iconic American industrial company, Intel Corporation (INTC), ranked...
Johnson & Johnson: Good Value, Very Low Risk, and Little Cycle Dependence
In this note, we take a bond market look at one of the few companies in the world that still has the best possible legacy credit...
American Express Bonds: Low Risk, High Value
We last analyzed the bond market view of American Express Company (AXP) on August 8, 2013. In this note, we use the bond market...
Forward 15 Year Fixed Rate Mortgage Yields Projected at 5.63% in 2024, Up 0.06% This Week
Kamakura Corporation projections for U.S. Treasuries and fixed rate mortgages this week show that the implied forward rates for...
Kinder Morgan Energy Partners, L.P: Arbitraging Investors Who Believe Ratings
In this note we analyze the current levels and past history of default probabilities for Kinder Morgan Energy Partners, L.P....
Bank of America Corporation: Default Probabilities and Relative Value Update
Bank of America Corporation (BAC) was the most heavily traded corporate name in the U.S. fixed rate bond market on June 10. Bank...
J. C. Penney Bonds: An Investment or a Lottery Ticket?
We last analyzed J. C. Penney Company, Inc. (JCP) in August, 2013. In this note, we take another look at J. C. Penney Company,...
Wells Fargo & Company: Credit-adjusted Dividends and Bond Risk and Return
In this note we re-analyze the current levels and past history of default probabilities forWells Fargo & Company (WFC)...