US Treasury And Swaps Curves Remain Sagging, Jaguar-Land Rover To Issue US Dollar Bonds, Jupiter Moon Europa ‘Almost Certainly’ Home To ‘Octopus-like Aliens’

As we close out the week, we can see that the US Treasury actives curve, the on-the-run/off-the-run curves and the US dollar swaps curves are all generally upward sloping, but sagging (downward sloping) at the short-end.


And now we have Dennis Reynold’s favorite car company issuing Eurobonds.

(Bloomberg) — Jaguar Land Rover Automotive Plc is meeting investors in the U.S., ahead of a potential sale of new bonds, days after warning the coronavirus was impacting its businesses.

The luxury carmarker has hired Bank of America Merrill Lynch to sound out interest in an issue of debt with an eight-year maturity, according to people familiar with the matter who asked not to be named because they’re not authorized to speak publicly.

Investors have said they would consider ordering bonds offering yields between 7.5% and 8%, one of the people said.

A spokeswoman for Jaguar Land Rover did not respond to a request for comment. Officials at BAML declined to comment on the deal.

The maker of the Land Rover Discovery SUV is scheduled to repay the equivalent of about $1.2 billion of maturing bonds over the next two years, including a $500 million note due in March 2020.

Here is The Gang with Dennis Reynolds driving his beloved Range Rover.


Lastly, Jupiter moon Europa ‘almost certainly’ home to ‘octopus-like aliens’.

Perhaps she watched Galaxy Quest before penning the article.



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