BusinessWeek - Mar 11, 2010UAL Corporation (UAUA)
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Jeff Straebler
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RBS SecuritiesUnited Airlines' 12.75 percent secured notes due in 2012 have jumped 19.93 cents on the dollar to 110 cents to yield 8 percent, according to Trace, the bond price reporting system of the Financial Industry Regulatory Authority. The Chicago based company's debt has risen the most of any notes issued in 2009 by a U. S carrier, according to data compiled by Bloomberg.
Pensions and large bond funds have sought higher yielding airline debt that is guaranteed by collateral to boost returns as business travel increases, said Jeff Straebler, a fixed income analyst at RBS. High yield, high risk airline debt has returned 4.85 percent this year, compared with 3.67 percent for the overall junk bond market, according to Bank of America Merrill Lynch index data. "Business travel has been picking up continuously," Straebler said in a telephone interview from Stamford, Connecticut
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<span class="company">United Airlines</span>' 12.75 percent secured notes due in 2012 have jumped 19.93 cents on the dollar to 110 cents to yield 8 percent, according to Trace, the bond price reporting system of the Financial Industry Regulatory Authority. The Chicago based company's debt has risen the most of any notes issued in 2009 by a U. S carrier, according to data compiled by Bloomberg.<span class="sent"> Pensions and large bond funds have sought higher yielding airline debt that is guaranteed by collateral to boost returns as business travel increases, said <span class="analyst">Jeff Straebler</span>, a fixed income analyst at RBS. High yield, high risk airline debt has returned 4.85 percent this year, compared with 3.67 percent for the overall junk bond market, according to Bank of America Merrill Lynch index data.</span> "Business travel has been picking up continuously," Straebler said in a telephone interview from Stamford, Connecticut....<span class="company">United Airlines</span>' 12.75 percent secured notes due in 2012 have jumped 19.93 cents on the dollar to 110 cents to yield 8 percent, according to Trace, the bond price reporting system of the Financial Industry Regulatory Authority. The Chicago based company's debt has risen the most of any notes issued in 2009 by a U. S carrier, according to data compiled by Bloomberg.<span class="sent"> Pensions and large bond funds have sought higher yielding airline debt that is guaranteed by collateral to boost returns as bus
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