This chapter explores the concept of convertible bonds and their attractiveness to corporate borrowers due to lower borrowing costs, but raises the question of whether they are a good option for investors given the lower yield they provide.
Minutes from the December Federal Reserve meeting show that officials were committed to higher-for-longer interest rates, convertible bonds have been a rare bright spot for corporate fundraising, and two bombs killed more than a hundred people in southern Iran yesterday. Plus, some Russians convicted of gruesome crimes are returning to their communities after fighting in Ukraine.
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