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  • LONDON, Dec 18- Investors dumped bonds and stocks last week ahead of the U.S. The $13.1 billion pulled out of bond funds in the week to Dec. 16 was the largest outflow since June 2013, with high yield, emerging markets and investment grade assets all hit hard. The $5.3 billion outflow from high yield bond funds was the largest in a year, the $3.3 billion outflow from...

  • NEW YORK, Dec 17- A top bond manager at BlackRock Inc said he still sees value in the erratic junk-bond market, including in Europe and in the debt of companies focused on consumer goods and services. "We think parts of the high-yield market are pretty attractive," said Rick Rieder, BlackRock's chief investment officer of fundamental fixed income.

  • BOSTON, Dec 17- Third Avenue's Focused Credit Fund built up a $200 million cash position in the days before its collapse, but that was not enough to meet redemptions because it could not sell even its most liquid assets. New York- based Third Avenue, which shocked Wall Street with its move to shut down the junk bond fund on Dec. 9, described the final days of its...

  • SAO PAULO, Dec 16- Brazil's real slumped after Fitch Ratings became the second agency to cut the country's debt rating to junk, while the U.S. Federal Reserve's decision to raise interest rates for the first time in nearly a decade boosted Mexico's peso. Now Moody's is just embarrassed to be late to the party, "said Pedro Tuesta, an economist with 4 Cast in Washington,...

  • Trade school: High-yield bonds Wednesday, 16 Dec 2015 | 5:00 PM ET
    Trade school: High-yield bonds

    High-yield bonds felt the pressure this week following the news that Third Avenue would block redemptions from its credit fund as it tries to liquidate it. How worried should you be about the high-yield market and are your funds at risk? Halftime Report trader Josh Browns breaks down what you need to know.

  • ETFs survive test of junk bond market stability Wednesday, 16 Dec 2015 | 4:15 PM ET

    NEW YORK, Dec 16- After a year that has reignited concerns about how exchange-traded funds work during volatile periods, junk bond ETFs came through a test this month, registering their highest trading volumes ever without any major disruption. Prices of junk bonds and the funds that hold them started falling precipitously on Dec. 7 as oil prices tumbled to new...

  • *Fitch cuts Brazil to BB+ amid economic, political crisis. BRASILIA, Dec 16- Brazil lost its coveted investment-grade rating on Wednesday after Fitch became the second credit agency to downgrade the country's debt to junk status, citing concerns about an economic and political crisis threatening to topple President Dilma Rousseff. Investors barred from...

  • SPDR BARCLAYS HIGH YIELD BOND ETF JNK UP 0.6 PCT AFTER FED ANNOUNCEMENT.

  • Rates higher ahead of Fed Wednesday, 16 Dec 2015 | 1:22 PM ET
    Rates higher ahead of Fed

    CNBC's Rick Santelli reports on the action in yields, and the junk bond market, ahead of the FOMC announcement.

  • NYSE ready for hike Wednesday, 16 Dec 2015 | 1:22 PM ET
    NYSE ready for hike

    NYSE Group CEO Tom Farley, discusses the "calm before the storm" in trading in anticipation of a rate hike, with CNBC's Bob Pisani.

  • Cooperman: High yield serious, but opportunity Wednesday, 16 Dec 2015 | 12:22 PM ET
    Cooperman: High yield serious, but opportunity

    Omega Advisors Chairman and CEO Leon Cooperman, discusses selling in the high yield market, and the kinds of investments he finds attractive.

  • SAO PAULO, Dec 16- Latin American currencies steadied on Wednesday before an expected U.S. interest rate increase, while Brazil's real slumped after Fitch Ratings became the second agency to cut the country's debt rating to junk. Fitch cut Brazil's rating to BB+ with a negative outlook, saying impeachment proceedings against President Dilma Rousseff...

  • BRASILIA, Dec 16- Fitch Ratings cut Brazil's credit rating to junk grade on Wednesday, the second such downgrade in three months, citing a deepening recession and political risks associated with the impeachment proceedings against President Dilma Rousseff. Standard& Poor's cut Brazil's rating to junk in September and Moody's Investors Service put the...

  • Fed hikes, markets take it well: Pro Wednesday, 16 Dec 2015 | 10:28 AM ET
    Fed hikes, markets take it well: Pro

    Discussing whether the Federal Reserve's view of the market, and the selling in high yield, with Michael Contopoulos, Bank of America head of high yield strategy

  • Bump in the road ahead for stocks Wednesday, 16 Dec 2015 | 8:08 AM ET
    Bump in the road ahead for stocks

    John Bellows, Western Asset Management, weighs in on what could be the next big concerns for the markets. Also Bellows weighs in on banks' exposure to LBOs.

  • Opportunity in challenging junk bond market: Pro Wednesday, 16 Dec 2015 | 8:05 AM ET
    Opportunity in challenging junk bond market: Pro

    John Bellows, Western Asset Management, provides insight to the high-yield selloff and the impact of an interest rate hike on the markets.

  • 'Janet Yellen is too late to the party' Tuesday, 15 Dec 2015 | 5:17 PM ET
    'Janet Yellen is too late to the party'

    The Fed chair waited too long to hike, and allowed the asset bubble in the junk bond market to grow too big, says Peter Morici, economist and professor at Smith School of Business.

  • This Fed hike is almost irrelevant: AllianceBernstein Tuesday, 15 Dec 2015 | 5:05 PM ET
    This Fed hike is almost irrelevant: AllianceBernstein

    Expect two more Fed hikes after December, and for short rates to be one percent by end-2016, says Vadim Zlotnikov, chief market strategist and co-head of multi-asset solutions at AllianceBernstein.

  • Here's the effect junk bonds have on stocks Tuesday, 15 Dec 2015 | 3:40 PM ET
    Trader on the floor of the New York Stock Exchange.

    You'll be surprised at what the correlation has been between the high-yield bond market and the overall stock market. Here's the data reveal.

  • Dec 15- Just as turkeys are opposed to Christmas on culinary grounds, so investors in risky assets like junk bonds are forever and always against interest rate hikes. Lucidus Capital Partners, a high-yield credit fund, said on Monday it would give investors back $900 million it managed, following close on the heels of upsets at other funds; Third Avenue Capital,...