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  • BOSTON, Jan 11- A junk bond fund run by billionaire Marc Lasry's Avenue Capital Management, which has experienced heavy investment losses and investor withdrawals, has stopped voluntarily reporting daily asset figures to the mutual fund industry's top two tracking firms. People familiar with the situation said outflows from the Avenue Capital fund had...

  • Operating oil drill during oil and gas exploration.

    May the force be with oil of you

  • A trader works on the floor of the New York Stock Exchange.

    Buy or sell the battered junk bond market?

  • By Anshuman Daga and Umesh Desai. SINGAPORE/ HONG KONG, Jan 8- Standard& Poor's cut its credit rating on Noble Group to junk, adding to concerns about financing costs for Asia's biggest commodity trader a week after a similar downgrade by Moody's Investors Service and sending its stocks and bonds sliding. The company, with a market cap of $1.5 billion, has a total of...

  • SINGAPORE, Jan 8- Shares in Noble Group Ltd fell as much as 10 percent on Friday to their lowest levels since late 2008 after Standard& Poor's downgraded the credit rating of Asia's biggest commodity trader to junk, intensifying worries about the company's funding plans. S&P's downgrade came a week after a similar cut by Moody's Investors Service.

  • U.S.-BASED HIGH-YIELD BOND FUNDS POST $809 MLN OUTFLOWS OVER WEEKLY PERIOD, AFTER $114 MLN INFLOWS IN WEEK PRIOR- LIPPER.

  • High-yield bonds still offering opportunities: Fridson

    Lehmann Livian Fridson Advisors CIO Martin Fridson discusses opportunities he sees in high-yield bonds.

  • SINGAPORE, Jan 7- Standard& Poor's cut its credit rating on Noble Group to junk on Thursday, adding to concerns about financing costs for Asia's biggest commodity trader a week after a similar downgrade by Moody's Investors Service. Noble's shares have fallen by around 70 percent since mid-February after blogger Iceberg Research questioned the company's...

  • SINGAPORE, Jan 7- Standard& Poor's cut its investment credit rating on Noble Group Ltd to junk on Thursday, just a week after Moody's Investors Service also cut the rating of Asia's biggest commodity trader to junk status. S&P lowered its long-term corporate credit rating on the Hong Kong- based company to' BB+' from' BBB-'. "To date, the increased collateral calls have...

  • U.S.-BASED HIGH-YIELD BOND FUNDS ATTRACT $114 MLN OVER WEEK, AFTER 3 WEEKS OF MULTIBILLION-DOLLAR OUTFLOW- LIPPER.

  • NEW YORK, Dec 31- U.S. The iShares Barclays 20+ Year Treasury Bond ETF was down 4.280 percent for the year while the iShares 1-3- year Treasury Bond ETF was down 0.047 percent. The SPDR Barclays High Yield Bond ETF was down 12.173 percent for the year, and the iShares iBoxx$ Investment Grade Corporate Bond ETF fell 4.430 percent for the year.

  • SINGAPORE/ HONG KONG, Dec 30- The chief executive of embattled commodity trader Noble Group Ltd defended its financial position after what it called an "unexpected" move by Moody's Investors Service to cut its credit rating to junk status, slamming its stocks and bonds. The cut to non-investment grade status came just a week after Noble agreed to sell its...

  • NEW YORK, Dec 29- Moody's Investors Service downgraded its credit rating on Noble Group Ltd on Tuesday to junk status with a negative outlook due to concerns over the Singapore- listed commodity trader's liquidity, profitability and cash flow. "The downgrade of Noble's ratings reflects Moody's concerns over the company's liquidity," Joe Morrison, a Moody's vice...

  • NEW YORK, Dec 29- Moody's Investors Service downgraded its credit rating on Noble Group Ltd on Tuesday to junk status with a negative outlook due to concerns over the Singapore- listed commodity trader's liquidity, profitability and cash flow. "The downgrade of Noble's ratings reflects Moody's concerns over the company's liquidity," Joe Morrison, a Moody's Vice...

  • BOSTON, Dec 28- Third Avenue Management's failed junk bond fund received a clean bill of health in its final annual report from outside accounting firm PricewaterhouseCoopers LLP, which said the fund's liquidation this month did not change its audit opinion. New York- based Third Avenue Management LLC, founded by famed distressed investor Marty Whitman, shut...

  • U.S.-BASED HIGH-YIELD BOND FUNDS POST $1.3 BLN OUTFLOWS OVER WEEKLY PERIOD, DOWN FROM OUTFLOWS IN PRIOR 2 WEEKS- LIPPER.

  • High yield danger spots: Alexandra Lebenthal

    Alexandra Lebenthal, Lebenthal Holdings president and CEO, shares her outlook on the high yield market, including a warning in Puerto Rico bonds.

  • BOSTON, Dec 23- In the months before the blowup of Third Avenue's junk bond fund in early December, investors and financial advisors called the New York- based investment company to voice their concerns about the growing percentage of hard-to-trade, illiquid assets in the fund's portfolio. "I would call up and they would say,' We're under control, we have plenty of...

  • Tough year for high yield

    Discussing the collapse in commodities, and risks in high yield, with Stephen Caprio, UBS credit strategist.

  • CHICAGO, Dec 21- Moody's Investors Service on Monday dropped the Chicago Board of Education's credit rating deeper into "junk," citing the public school district's "precarious liquidity position." The rating on $5.5 billion of the district's general obligation debt was lowered to B1 from Ba3 and is under review for a further downgrade, Moody's warned.