Akvod said:
Basically Sony seems less risky now that things are starting to turn their rate, making their bonds seem more attractive, increasing demand, and therefore increasing price. |
Correct
Sony's credit default swaps (which is the cost to insure your money against a Sony default) fell to 250 (which is still quite high for a company that large) from 400 a couple months ago, the lower your CDS is the safer the investment. Bloomberg had a article about it a couple weeks ago. As reference, Toyota CDS is at 44, which means its very safe to invest in, safer than most bonds.