|Last Price$27.43||Day Change (%)-0.29%|
|Open Price$27.46||Day Change ($)-0.08|
|Day Range27.34–27.68||52-Week Range18.11–36.57|
As of Thu 07/24/2014 03:43 PM EST | USD
Dynegy Schedules Second Quarter 2014 Earnings Release and Conference Call
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
Despite their near-term challenges, we still see upside.
Rising interest rates have taken their toll, but as the Fed delays dialing back on stimulus, investors are poised to recapture some of their losses.
The corporate bond market will probably struggle to return much above break-even in 2014.
Widening investment-grade credit spreads and rising interest rates lead to losses.
Get our sector-by-sector take on the bond market, plus our five best bond ideas.
Growing electricity demand in Texas, environmental legislation in California, federal emissions regulations, and increasing market uncertainty may help Calpine establish a moat.