NEW YORK— Fitch Ratings Service downgraded Alcoa's credit rating to "junk" status on Friday, saying it thinks the company's leverage will stay high and aluminum prices and profitability will remain low. High levels of aluminum supplies have hurt Alcoa's prices, and the company has repeatedly cut its smelting capacity in response.» Read More
The downgrade is silly and is a downgrade of the U.S. dollar, not U.S. bonds, according to Jeffrey Gundlach, DoubleLine Capital, who discusses low yields on Treasurys.
States with more federal workers are now on credit watch, says Alexandra Lebenthal, Lebenthal & Co.
Markets are likely to keep up the pressure on Italy and Spain and the European Central Bank seems to be the only authority that could act quickly, analysts told CNBC.com Tuesday.
Bankers believe that an additional disclosure requirement, relating to previously unpublished details of banks’ credit exposures, could trigger approaches for credit portfolios from specialist buyers. The FT reports.
CNBC's Simon Hobbs reports on Moody's downgrading Ireland's bonds to junk status.
Discussing Ireland's junk bond status; the possibility of additional asset purchases and its impact on the markets, with Alan Gayle, RidgeWorth Capital Management, and Larry Kantor, Barclays Capital.
The Greek Parliament has voted to back a package of deep spending cuts that should go some way in clearing a path for a second bailout for the country.
Enjoy the coming slump. That is not what the Bank for International Settlements says to the US and other over-indebted economies. But it is what its latest annual report implies, writes FT columnist Martin Wolf.
Analysis of the increase in fund outflows and what it indicates about the economy, with Kevin Lockhart, Jefferies.
Seeking investment opportunities in junk bonds, with Michael Weilheimer, Eaton Vance Management.
Discussing the merits of high yield bonds and where to find them, with Jeff Peskind, Phoenix Investment Adviser founder/CIO.
Mohamed El-Erian, the co-CEO of the world's largest bond fund, is warning that financial repression- meaning that the government will keep interest rates abnormally low- is coming to America with higher inflation. Is he right? Mark Perry, University of Michigan, and Matthew Slaughter, Tuck School of Business, discuss.
Evaluating risk/reward when buying high yield bonds, with Gershon Distenfeld, Alliance Bernstein and Brad Rogoff, Barclays Capital.
Commodity prices are in an upward trend despite the dramatic falls witnessed in recent days, and will rise in US dollar terms over the longer term, while the situation in Europe "does not look good," Templeton Emerging Markets Executive Chairman Mark Mobius told CNBC in an interview.
Discussing high yield bond strategies with James Keenan, BlackRock head of leveraged finance.
The Fed's monetary easing has caused a domino effect in the markets: As investors crowd into the riskier asset classes, they pull returns down, making it even harder to meet yield targets.
CNBC's Kayla Tausche on the frustrating hunt for higher yields and risks some investors are willing to take to get it.
CNBC's Kayla Tausche reports some investor are turning to junk bonds in a frustrating search for higher returns.