CHICAGO— Moody's Investors Service has downgraded Chicago's credit rating to two levels above junk status, citing the city's $20 billion mountain of unfunded pension liabilities. "Regardless of outcome of the legal challenges to pension reforms, we expect Chicago's unfunded pension liabilities— and the costs of servicing those liabilities— to continue to...» Read More
Alan Miller, founding partner and CIO of SCM Private, says he is buying emerging market debt because it has higher yields, shorter duration and is investment grade.
Bonds are pretty clearly a bad job, with returns relatively meager and prices set to fall, but yield-seeking investors keep pushing money their way.
China's property sector, already a nagging economic risk, may become a victim of the yuan's unexpected weakening as developers' debt costs may rise.
The $3.7 trillion US municipal bond market has been stunned by what would have been unthinkable a few months ago: Puerto Rico debt is rallying.
Puerto Rico plans to issue about $2.86 billion in general obligation bonds in March, the Government Development Bank said on Tuesday.
Puerto Rico is in a struggle to borrow money—and it has to do it quickly if it wants to keep ratings agencies happy.
Jeff Peskind, Phoenix Investment Adviser, says if you need income, junk bonds have the lowest interest rate sensitivity of any bond class.
Sales of European non-investment grade debt to the U.S. have hit a record high this year, despite the continued issues in the euro zone. There are several key reasons why this is happening.
Robin Doumar, managing partner at Park Square Capital, explains why he expects to see "much more carnage" in the high yield bonds market going forward.
Jim Casey, JPMorgan, discusses the $9 billion outflow from fixed income and reveals when he expects to see a turnaround in the bond market.
Fred Eckert, founding partner and CIO of Phoenix Star Capital, discusses his bankruptcy at the height of the financial crisis and why now is the good time for him to re-enter the market.
Jeff Peskind, founder and CIO at Phoenix Investment Adviser, talks about how the rise of Treasurys will impact high yield bonds and explains that when interest rates increase, the best place to be in is credit.
Robbert Van Batenburg, Newedge, and Tim Gramatovich, Peritus Asset Management, discuss whether assets will continue to inflow into "fixed-income-like" instruments when the Fed begins to implement its tapering program.
Bruce Kasman, JPMorgan Chase; and Stephen Bodurtha, Citi Private Bank, provide an in-depth look at where affluent investors are finding returns amid economic uncertainty.
Jason Brady, MD & Head of Fixed Income at Thornburg Investment Management, says the current dynamics are showing a lot more risks than rewards.
John Bader, Halcyon Asset Management chairman shares his investment strategies on investing in fixed income.
Slovenia borrowed $3.5 billion on international markets on Thursday to shore up its ailing banks and stave off a bailout, bouncing back to finish an issue it had aborted two days earlier after Moody's cut its credit rating to junk.
Despite talk of the so-called "great rotation" out of bonds and into equities, high yield debt market issuances are at record quarterly high.
Hedge fund manager John Burbank says the risk-reward in this market dramatically favors equities, and he warns there is "no growth in any credit instrument."
Passport Capital's John Burbank, founder of a fund that manages $3.7 billion, shares his strategies on trading the market's record highs.