U.S.-BASED HIGH-YIELD BOND FUNDS POST $1.8 BLN OUTFLOW OVER WEEKLY PERIOD; LARGEST WITHDRAWALS SINCE LATE JANUARY- LIPPER. » Read More
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.
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.
CNBC's Rick Santelli reports on the action in yields, and the junk bond market, ahead of the FOMC announcement.
NYSE Group CEO Tom Farley, discusses the "calm before the storm" in trading in anticipation of a rate hike, with CNBC's Bob Pisani.
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...
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
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.
John Bellows, Western Asset Management, provides insight to the high-yield selloff and the impact of an interest rate hike on the markets.
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.
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.
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,...
The big selloff in high yields was driven by the closure of three junk bond funds. Here's what you need to know to ride volatility.
Paul Twitchell, Whitebox Advisors partner, provides insight to the technical selloff in the high yield bond market.
The decline in junk bonds is putting pressure on higher quality corporate debt in an energy "daisy chain," billionaire Wilbur Ross tells CNBC.
Peter Kraus, AB CEO, shares his thoughts on costs associated with ETFs.