*Rouble dips after S&P threatens Russia with junk status. *Brent oil drops back to $60 a barrel. Most Asian markets had edged up overnight and Europe was looking to close the Christmas week up 1 percent despite a subdued day on Wednesday.» Read More
MOSCOW, Oct 27- The rouble weakened on Monday after a slight rebound at the opening prompted by a decision of Standard& Poor's to keep Russia's sovereign rating unchanged. Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, but said a downgrade may follow if the West imposes more sanctions on Moscow over its...
*Ratings downgrades hit bonds and credit default swaps. LONDON, Oct 24- Investors demanded higher yields to hold Tesco's debt on Friday while the cost of insuring against default rose sharply after ratings downgrades left Britain's biggest grocer hovering just above junk status. "The ratings remain on review for downgrade because Tesco has not yet announced...
MOSCOW, Oct 24- Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, warning a downgrade may follow if more sanctions are imposed on Moscow for its role in the Ukrainian conflict. S&P also said another cut might come if Russia's monetary policy or exchange-rate flexibility weakens. Russian Finance Minister...
MOSCOW, Oct 24- Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, warning that a downgrade may follow if more sanctions are imposed on Moscow for its role in the Ukrainian conflict. S&P also said another cut might come if Russia's monetary policy or exchange-rate flexibility weakens.
After this month's market gyrations sent high-yield bond prices sharply lower, some analysts believe the air has come out of the market.
Gary Kaminsky of Morgan Stanley, provides his investment approach in unstable market conditions.
NEW YORK, Oct 20- Dan Fuss, vice chairman and senior portfolio manager at Loomis Sayles, said he purchased some below investment-grade credits during last week's sell-off at "reasonably priced levels," bringing his portfolio cash levels down to 22 percent from 26 percent. "We bought some at reasonably priced levels but not fantastically cheap," said Fuss, who helps...
As yield-chasers move further out the risk spectrum, covenants on loans and bonds have loosened, but it isn't clear whether investors need to worry.
NEW YORK, Oct 10- Dynegy set price talk Friday morning on a new $5.1 bn high-yield acquisition finance bond expected to price later in the day. Leads set talk at 6.75% area on a minimum$ US2bn five-year non-call 2.5; 7.375% area on a US $1.5- 2.0 bn eight-year non-call four; and 7.75% area on a US $1.0- 1.5 bn 10- year non-call five. Morgan Stanley is lead-left on the deal,...
A simmering mix of a strong dollar and weak commodity prices may brew up trouble for junk bond ETFs with a hefty weighting in materials companies.
High-yield bonds offer compelling valuations and better fundamentals following the selloff since mid-year, Pimco said in a note Thursday.
Even though interest rates in Europe are widely expected to stay in negative territory for a while, some analysts are still finding yield plays.
Viktor Hjort, Head of Asia Fixed Income Research at Morgan Stanley, says the widening spread between high-yield bonds and the U.S. Treasuries indicate that markets are seeing a correction.
BERLIN, Oct 5- The European Central Bank's plans to buy rebundled packages of debt have drawn sharp criticism from officials in Germany, including the head of the Bundesbank, the ECB's former chief economist and allies of Chancellor Angela Merkel. It will include buying debt with a "junk" credit rating from Greece and Cyprus as long as such countries are under a...
Zak Summerscale, CIO for European high yield ay Babson Capital, says that there are some "great opportunities" in the high yield market - such as buying loans from European bad banks.
The selloff in high-yield bond ETFs last week has revived fears that the sector may be headed for a bruising.
Calls for the bond market to drop this year have largely come to naught, and some analysts are now looking for gains.
LONDON, Sept 18- Investors are starting to price the risk of Russia's credit rating falling to junk if Western sanctions and Moscow's response plunge the economy into recession and deplete its $450 billion reserves. Moody's, which rates Russia Baa1 or three notches above junk, said this week that the latest sanctions were credit negative.
CNBC's Jeff Cox, and Michael Kastner, Halyard Asset Management, discuss why retail investors are steering clear of junk bonds while institutional money is buying.
Corporate Asia has taken advantage of ultra-low interest rates, loading up on debt, but with rates set to rise, there may be risks ahead.