Bonds Junk Bonds

  • WASHINGTON, April 13- Mexican Finance Minister Carlos Urzua said on Saturday he does not expect rating agencies to further downgrade the credit rating of state-owned energy company Pemex. With $106 billion in financial debt, Pemex is the world's most indebted oil company and is teetering on the brink of having its debt downgraded to below investment grade.

  • April 4- Investors' appetite for risk-taking was strong in the latest week, as U.S.-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group's fourth consecutive week of inflows, according to Refinitiv's Lipper research service data. "Bond funds in general took off... when the Federal Reserve announced that it...

  • April 4- The price for Tesla Inc's $1.8 billion junk bond fell by the most in seven months and the cost to insure its debt against default surged on Thursday after a bigger-than-expected drop in first-quarter deliveries. The electric vehicle maker's 5.3% senior unsecured note due in August 2025 fell 2.26 cents to a bid price of 85.1 cents on the dollar, with its...

  • CHICAGO, March 26- Yield-hungry investors on Tuesday snapped up more than $1.1 billion of general obligation bonds offered by Illinois and Chicago, two of the U.S. municipal market's most financially troubled issuers. MMD narrowed so-called credit spreads for Illinois, the lowest-rated U.S. state, at a notch or two above junk, due to its huge unfunded pension...

  • CHICAGO, March 26- Yield-hungry investors on Tuesday snapped up more than $1.1 billion of general obligation bonds offered by Illinois and Chicago, two of the U.S. municipal market's most financially troubled issuers. MMD narrowed so-called credit spreads for Illinois, the lowest-rated U.S. state, at a notch or two above junk, due to its huge unfunded pension...

  • NEW YORK, March 7- General Electric Co will invest more heavily in junk bonds, private equity and other high-yield investments to boost returns at its ailing insurance business, company executives said on Thursday. GE has also hired two other executives to run its insurance unit: Chief Executive Officer Tim Kneeland, who formerly handled long-term care...

  • *Moody's joins other rating agencies in rating Oman junk. Oman's state coffers have been hit hard by a slump in oil prices in recent years, resulting in a wide budget deficit that it has struggled to tame and leading Fitch and S&P to cut Oman's rating to junk over the past two years. Moody's said in a statement on Tuesday that Oman could face external vulnerability as...

  • DUBAI, March 6- Moody's cut Oman's credit rating to junk, saying its outlook for the rating was negative and citing fiscal challenges in an environment of moderate oil prices. Oman's state coffers have been hit hard by a slump in oil prices in recent years, resulting in a wide budget deficit that it has struggled to tame. "The market needs to see some signs from Oman to...

  • DUBAI, March 6- Rating agency Moody's downgraded Oman's credit rating to junk, joining other rating agencies, and said its outlook for the rating is negative, citing fiscal challenges in an environment of moderate oil prices. Moody's downgraded the long-term issuer and senior unsecured bond ratings of Oman to Ba1 from Baa3, it said in a statement late on Tuesday.

  • *Onshore returns dwindle as China seeks low rates to boost growth. HONG KONG, Feb 13- At BEA Union Investment in Hong Kong, Pheona Tsang is getting creative. Last month, China Evergrande Group, one of the country's most indebted property developers, sold $3 billion in dollar bonds in Asia's biggest offshore high-yield bond sale so far this year, with yields topping 10...

  • *Onshore returns dwindle as China seeks low rates to boost growth. HONG KONG, Feb 13- At BEA Union Investment in Hong Kong, Pheona Tsang is getting creative. Last month, China Evergrande Group, one of the country's most indebted property developers, sold $3 billion in dollar bonds in Asia's biggest offshore high-yield bond sale so far this year, with yields topping 10...

  • *Onshore returns dwindle as China seeks low rates to boost growth. HONG KONG, Feb 13- At BEA Union Investment in Hong Kong, Pheona Tsang is getting creative. Last month, China Evergrande Group, one of the country's most indebted property developers, sold $3 billion in dollar bonds in Asia's biggest offshore high-yield bond sale so far this year, with yields topping 10...

  • NEW YORK, Feb 7- U.S. fund investors flooded high-yield bonds with cash in recent days, Lipper data showed on Thursday, after the Federal Reserve's rate-hike holiday. High-yield "junk" bond funds pulled in nearly $3.9 billion during the seven days ended Feb. 6, the most since July 2016, the research service said. "We're seeing the' we missed the rally' blues from retail...

  • NEW YORK, Feb 3- While stocks hog the limelight with their best January in three decades, another corner of the risk assets marketplace sprang back to life last month after having taken a pounding at the end of last year, though some investors question whether the recovery has legs. Companies with risky credit profiles brought $11.7 billion in new high-yield debt...

  • NEW YORK, Feb 3- While stocks hog the limelight with their best January in three decades, another corner of the risk assets marketplace sprang back to life last month after having taken a pounding at the end of last year, though some investors question whether the recovery has legs. Companies with risky credit profiles brought $11.7 billion in new high-yield debt...

  • Markets React To Fed Interest Rate Announcement

    This could well be the year that "fallen angels," or former investment-grade debt that gets downgraded to speculative, shapes up as one of the more compelling stories.

  • Junk bonds market has reopened – Here's what it means for the economy

    Charlie O’Shea, Moody’s lead retail analyst, and Brian Reynolds, Canaccord Genuity asset class strategist, join 'The Exchange' to discuss why investors are shying away from junk bonds.

  • NEW YORK, Jan 17- U.S. fund investors charged into high-yield "junk" bonds during the latest week, pouring in $3.3 billion, the most cash flowing into that market since late 2016, Lipper said on Thursday, boosted by soothing words by Federal Reserve Chairman Jerome Powell. Underscoring investors' appetite for some risk-taking, investors pulled $15 billion net cash...

  • NEW YORK, Jan 17- U.S. fund investors charged into high-yield "junk" bonds during the latest week, pouring $3.3 billion and the most cash into the market since late 2016, Lipper said on Thursday.

  • Jan 10- Moody's on Thursday joined S&P in lowering PG&E Corp's credit rating deeper into junk territory, citing a challenging environment for the California power provider as it faces billions of dollars in liabilities related to wildfires. "The company is increasingly reliant on extraordinary intervention by legislators and regulators, which may not...