Horizon Technology Finance Corporation announced 5 new loans originated in Q3 ending on September 30th, 2017, adding $40 million of new loan commitments:
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Topics: BDC, 8-K, Horizon Technology Finance Corporation
EUROPEAN JUNK BONDS INCHED UP
in price overall, paralleling an upside fluctuation in stocks of Europe's bourses. The
higher-yielding securities edged out less-risky investment-grade debt
on the heels of yesterday's statements from Federal Reserve Chief Janet Yellen. The
Fed's intention to commence winding down its $4.5 trillion balance sheet, along with its underpinning of
raised expectations of a December rate hike, set the stage for upside moves in European financials today.
Deutsche Bank AG
shares gained 2.9%,
Societe Generale
added 2.2%, while M&A (Mergers & Acquisitions) news sent
Commerzbank AG
up 3.5%, as of
3:40 PM, London time.
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BIDS FOR RISK WERE EXTENDED
from yesterday's session, with European junk bonds easily outpacing investment-grade debt in net prices.
Financials and mainstream insurance securities came on strong
in the afterglow of yesterday's run-up in prices, as high-yield bonds paralleled advances in equities. Shares of
Deutsche Bank AG
added 3.1%,
Commerzbank AG, 2.7%, as the
Stoxx Europe 600 Bank Index
tacked on another 1.6% gain to yesterday's 1% advance.
The automaker sector was also of special note, as
Volkswagen AG shares added 1.2%,
Peugeot SA was up 3.8%.
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RISK-OFF SENTIMENT NOTCHED LOWER
among investors in European corporate debt. Relative to yesterday's levels of risk aversion, trades in corporate bonds reflected a
very slight favor for junk bonds in price gains linked to actual trades. Nonetheless
geopolitical overhang amid N. Korean nuclear warhead posturing
kept a lid on gains in risk assets. So too did
pressure on the European insurance sector ahead of projected damage by intense hurricane
Irma, headed for Puerto Rico and Florida. The
Stoxx 600 index vacillated in the shallow red amid data showing a dip in Germany's manufactured-goods orders, although shares of
Deutsche Bank AG
and
Micro Focus International PLC
posted notable gains.
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Topics: bonds, CDS, New Issues
European stocks
bounced back from
6 month lows
on Wednesday, seeing levels rise after a downturn
on Tuesday
due to
political risk in Asia. The
FTSE 100 and Stoxx Europe 600 saw gains of 0.51% and 0.78% after investors
fled to safe havens
like bonds, yen, and gold
on Tuesday. Meanwhile, the
Euro saw a loss of -.54295% against the dollar due to
strong jobs and GDP growth data
out of the US.
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