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Bonds Junk Bonds

  • LONDON, May 26- Investors shunned U.S. equities and high yield bonds in the latest week in favour of European stocks and investment grade corporate bonds, fund flow data from Bank of America Merrill Lynch showed on Friday. The $3.3 billion redemption from U.S. equity funds followed almost $9 billion of outflows the previous week, as political turmoil in...

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. They announced seven investment-grade deals and seven junk bond offerings on Monday, according to IFR, a Thomson Reuters unit.

  • JAKARTA, May 19- Rating agency Standard& Poor's upgraded Indonesia's sovereign bond ratings to investment grade on Friday, saying the move reflected its assessment of reduced risks to the country's fiscal position. S&P has upgraded Indonesia's sovereign credit outlook to BBB-, which is an investment grade, up from BB+, junk status. It gave Indonesia a positive...

  • A costumed reveller wearing a mask depicting Munch's famous painting 'The Scream'

    A decline in yields indicates investor demand for products at the high end of the risk scale.

  • JOHANNESBURG, May 16- South Africa's central bank governor Lesetja Kganyago said on Tuesday that raising lending rates would do little to attract new investments to the country after its credit rating was downgraded to junk. Kganyago, due to announce his first rates decision since S&P Global Ratings and Fitch cut South Africa's credit score to...

  • DUBAI, May 12- Standard& Poor's cut Oman's credit rating to junk on Friday, saying low oil prices had eroded the country's external reserves to the point they could no longer offset the threat of low oil prices. The downgrade made Oman the second of the Gulf's wealthy oil-exporting states to drop below investment-grade because of cheap crude.

  • NEW YORK, May 9- U.S. Junk bond issuance spiked following an earnings-related lull, according to IFR, a Thomson Reuters unit. There won't be another disruptive force for financial markets, "said Dominic Pappalardo, portfolio manager at McDonnell Investment in Oakbrook Terrace, Illinois.

  • NEW YORK, May 9- U.S. Junk bond issuance spiked following an earnings-related lull, according to IFR, a Thomson Reuters unit. There won't be another disruptive force for financial markets, "said Dominic Pappalardo, portfolio manager at McDonnell Investment in Oakbrook Terrace, Illinois.

  • NEW YORK, May 9- U.S. Treasury yields climbed on Tuesday, with benchmark yields reaching a five-week peak before a $24 billion auction of a three-year government debt issue in what will be the first leg of this week's $62 billion quarterly refunding. Junk bond issuance experienced a spike, according to IFR, a Thomson Reuters unit.

  • NEW YORK, April 20- PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the "risk-reward is just not favorable." Peters, who helps oversee more than $100 billion in multi-sector fixed-income portfolios at PGIM Fixed Income, said after high-yield's huge run-up late last...

  • NEW YORK, April 20- Prudential Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the "risk-reward is just not favorable." Peters, who helps oversee more than $100 billion in multi-sector fixed-income portfolios at PGIM Fixed Income, said after high-yield's huge run-up...

  • PARIS, April 18- Retailer Casino kept its full-year profit growth goals on Tuesday, although first-quarter sales growth slowed down due to signs of weakness at the Geant Casino hypermarkets in France, while lower inflation impacted its Brazilian business. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016 and which has been criticized...

  • PARIS, April 18- Retailer Casino posted slower first-quarter sales growth on Tuesday that reflected weakening sales at its Geant Casino hypermarkets in France, and sluggishness at its recession-hit Brazilian market. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016 and which has been criticized by U.S. activist fund Muddy Waters, is...

  • * "No silver bullet" to prevent downgrade- finmin. CAPE TOWN, April 13- South Africa's new finance minister pledged on Thursday to do what he can to keep the country from a third credit downgrade to junk status, saying he would meet ratings firm Moody's to persuade it he will stay on the path of fiscal discipline. Malusi Gigaba, who replaced the respected Pravin Gordhan...

  • NEW YORK, April 13- Influential bond investor Bill Gross on Thursday stepped up his warning to investors not to be tempted into buying equities, high-yield junk bonds and other asset classes, given the possibility that U.S. President Donald Trump might fail to enact policies that fuel economic growth. Gross, who runs the Janus Global Unconstrained Bond Fund,...

  • *Inflation outlook unchanged, economists wary of rand. JOHANNESBURG, April 12- South Africa's debt downgrade to junk status and the finance minister's recent dismissal mean interest rates will be on hold until 2020 at least, a Reuters poll found on Wednesday. Economists in the poll, taken just a week after Fitch Ratings Agency and Standard and Poor's downgraded...

  • *Inflation outlook unchanged, economists wary of rand. JOHANNESBURG, April 12- South Africa's debt downgrade to junk status and the finance minister's recent dismissal mean interest rates will be on hold until 2020 at least, a Reuters poll found on Wednesday. Economists in the poll, taken just a week after Fitch Ratings Agency and Standard& Poor's downgraded...

  • JOHANNESBURG, April 11- Ratings agency Fitch downgraded five South African banks on Tuesday in a widely expected move, days after it cut the country's credit rating to sub-investment grade. The moves follow S&P Global Ratings, which also cut South African foreign debt to "junk" status and then downgraded major banks in the wake of a cabinet reshuffle that saw...

  • MOSCOW, April 7- Political turmoil in South Africa and Turkey is luring money managers away and into Russian securities, complicating Moscow authorities' battle to tamp down the rising rouble. South Africa, another big emerging market, has plunged into political chaos, leaving it on the brink of joining Russia as a junk-rated credit but with the added drawback of...

  • MOSCOW, April 6- Political turmoil in South Africa and Turkey is luring money managers away and into Russian securities, complicating Moscow authorities' battle to tamp down the rising rouble. South Africa, another big emerging market, has plunged into political chaos, leaving it on the brink of joining Russia as a junk-rated credit but with the added drawback of...