Yahoo Finance's Julie Hyman discusses leading business headlines on Monday, June 27.
"Elvis" is adding to increased optimism that mid-budget films are not dead yet.
The damage wreaked there is more moderate and offset by coupon payments — a Netflix bond maturing in 2030 has returned a negative 19 per cent from recent peaks, a Coinbase 2031 bond negative 36 per cent and an AMC 2026 bond negative 19 per cent. Some of this is to do with the very different capital structures of the individual companies and risks of the bonds compared with equities. For hedge funds that profit from arbitrage trades across capital structures, such differences present a playground full of opportunities. First, the holder base for corporate bonds is largely institutional even though most investment-grade-rated issuance is publicly registered.