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The article reports that rail company Southern Pacific System has initiated a program to reduce its debt by 25 percent. According to the author, the company has solved several maturity problems encountered in the past by open-market purchases of outstanding bonds. The author adds that Southern Pacific experienced a 60 percent drop in revenues in the 1929-1933 period and recovered its financial status by 1940 with reported earnings of 2.47 U.S. dollar per share. The factors that led to the company's success in reducing debt are discussed.

The article discusses the latest developments in the U.S. financial market as of may 5, 1980. It reports on the moves by several corporations in the country to prepare for new debts issues due to the recession. Among the companies that have launched or planning to launch bond issues are Atlantic Richfield Co., Continental Group Inc. and Data General Corp. The opinion of Merrill Lynch & Co.'s Donald E. Maude on the market situation is cited.

The article discusses efforts taken among companies to cut the cost of debt in the U.S. Electric utilities and telephone companies are cited be the leaders in refinancing old debt. Bonds for such companies can be retired by issuing new debt after only five years. Bond covenants in refinancing deal are also discussed.

The article focuses on buying junk bonds, which the securities industry in the U.S. prefers to call it high-yield bonds in public, typically offer interest rates three to four percentage points higher than Treasury issues. This is to compensate for the increased possibility of default. It suggests that if one decide to buy some junk bonds on his own or through a unit investment trust, which has a fixed portfolio, view them as long-term investment vehicles.

The article discusses corporate debt markets, the issuance of corporate bonds in the U.S., and an analysis of the impact of the 2012 American presidential election on interest rates. It states that several companies such as the retailer Costco Wholesale Corp. have issued billions of dollars in debt as a means of paying out large dividends. An examination of the U.S. Federal Reserve Board's policy on interest rates is also provided.

The article discusses corporate bond default in the U.S. Bond investors in the beginning of 2009 looked at the spreads of corporate debt and saw opportunity for investment. Bank of America Merrill Lynch conducted a survey of bond managers and found that 80% saw inflows into their funds and only 2% saw outflows.

The article discusses the impact of corporate bonds on businesses in the U.S. As stated, billionaire investor Warren Buffett's investment in Tiffany (TIF) debt has also helped stoke confidence in corporate bonds. With the corporate debt circulation constricted in the past two months, it is still wide by historically standards, having less than 100 basis points before the liquidity crisis began in 2007 .

The article reports on the rise of corporate bond transactions in the U.S. in May 2007. It notes that a total of $80 billion of debt was launched during the month. The three large deals launched in the country were a $5.5 billion deal for CVS Caremark, a $4.75 billion deal for Creédit Agricole and a $4 billion deal for Amgen. Dealers predict that a total of $60 billion hybrid capital will be issued at the end of the month.

The article presents information on the U.S. financial market. It is noted that compared with Treasury bonds, yields on corporate debt have shot up to levels not seen since before the 1987 stockmarket crash or, before that, the 1930s depression. In part, corporate bonds look so cheap because Treasury bonds are in short supply and hence so dear. It is informed that mutual funds that specialise in corporate bonds have done badly of late.

The article reports on the notice of the U.S. Treasury Department which states that governmental issuers can purchase their own auction-rate bonds (ARS) on a temporary basis without running afoul of any tax laws or extinguishing the debt. The notice is intended to provide greater certainty and flexibility to address certain potential federal tax issues that have arisen in the tax-exempt bond market.

The article discusses European corporations which are choosing to market corporate debt and high-yield corporate bonds in the U.S. due to the impact on Europe's credit market of the financial crisis caused by the public debts of countries of the euro area monetary union. Companies considered include Belgian firm Taminco Global Chemical, cell phone services firm Polkomtel and German cable television company Kabel Deutschland.