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Bonds Junk Bonds

  • JOHANNESBURG, June 15- Fitch affirmed South Africa's sub-investment grade credit rating and kept its stable outlook on Friday, citing signs of improvement in governance standards and prospects of mild cyclical economic recovery. Fitch rates both South Africa's foreign and local currency debt at' BB+', one notch below investment grade. Investor sentiment has...

  • US big wave surfer Peter Mel endures a wipeout during the 1st heat of the semi-finals of the WSL Nazare Challenge at Praia do Norte in Nazare, central Portugal, on February 11, 2018.

    With corporate debt hitting its highest levels since before the financial crisis, Moody's is warning that substantial trouble is ahead for junk bonds when the next downturn hits.

  • Today your broker-dealer must tell you how much it's earning off your bond trades. Here's why.

  • NEW YORK, May 11- Investors in the junk bond market have started to push back against some issuers trying to bring deals to market with insufficient yields and weak investor protections. WeWork, the office-sharing unicorn said to have a $20 billion valuation, sold $702 million of bonds in a deal it upsized by $202 million. Greeting-card maker American Greetings...

  • NEW YORK, May 11- WeWork Companies $702 million junk-bond debut last month included a feature investors in the space had seldom seen in recent years: a sweetened yield. McDermott International and American Greetings Corp have also had to sweeten offerings with juicier yields and stiffer covenants laying out the rules that issuers must follow.

  • NEW YORK, May 2- A series of big tobacco bond refundings is reshaping the U.S. municipal junk bond market, taking what has been a high-yielding staple and slowly turning it investment grade. "One of the largest sectors in the high-yield universe is shrinking," said William Black, senior portfolio manager at City National Rochdale in Chicago. Since the start of 2016,...

  • ISTANBUL, May 2- Turkey's lira fell 1.5 percent on Wednesday, nearing a record low, after Standard& Poor's unexpectedly cut its sovereign rating deeper into "junk" territory, and a survey showed manufacturing activity contracted for the first month in 14.. Once seen as a star emerging market, Turkey's reputation among international investors has been tarnished...

  • ISTANBUL, May 2- Turkey's lira fell 1.5 percent on Wednesday, nearing a record low, after Standard& Poor's unexpectedly cut its sovereign rating deeper into "junk" territory and a survey showed manufacturing activity contracted for the first month in 14.. S&P on Tuesday cut Turkey's sovereign rating to "BB-/B" from "BB/B", citing concerns about inflation, lira...

  • *S&P cuts Turkey rating deeper into junk in surprise move. *EM suffers first monthly outflows since Nov. 2016- IIF. LONDON, May 2- The strong dollar and mixed economic data kept the pressure on emerging stocks on Wednesday but currencies bounced back from steep losses as markets waited to hear from the U.S.

  • ISTANBUL, May 1- In an unexpected move, Standard& Poor's cut its sovereign debt rating on Turkey further into junk territory on Tuesday, citing widening concern about the outlook for inflation amid a sell-off in the lira currency. S&P said the ratings decision- it cut to "BB-/B" from "BB/B"- was not part of its regularly scheduled reviews of Turkey, reflecting what it...

  • John Miller, Nuveen Asset Management co-head of global fixed income, discusses the uptick in junk bonds.

  • NEW YORK, April 24- Annual U.S. state debt medians rose marginally for a fifth consecutive year, up just 1.2 percent to $522 billion, according to a report from Moody's Investors Service published on Tuesday. Illinois, the lowest-rated U.S. state at Baa3- just one notch above junk- saw the largest increase in net tax-supported debt at $5.2 billion, up 16.3 percent from...

  • CME options pit

    Traditionally, higher rates make equities less attractive, but it can also signal that an economy could be at risk.

  • LONDON, April 20- Investors are still keen on risk assets despite bearish signals such as a flattening U.S. yield curve and a surprise move by China to cut bank reserve requirements, Bank of America Merrill Lynch strategists said on Friday. Overall, a modest $2.8 billion flowed into bonds while equities drew small inflows of $3.3 billion. High-yield bonds drew...

  • NEW YORK, April 19- Investors stormed back into the market for the riskiest corporate debt during the latest week, Lipper data showed on Thursday, pumping the most cash into U.S.-based, high-yield bond funds in over 16 months. The resurgence in demand for high-yield bonds, which carry low credit ratings and are seen as speculative investments, bodes well for...

  • NEW YORK, April 19- U.S. fund investors poured nearly $3 billion into high-yield "junk" bond funds during the latest week, marking the best showing for those products since December 2016, Lipper data showed on Thursday.

  • PARIS, April 17- French supermarket retailer Casino reported solid first-quarter sales on Tuesday, allowing it to keep its full-year profit goals on track thanks to accelerating sales at its French hypermarkets and signs of improvement in Brazil. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016, is under pressure to show it can revive...

  • PARIS, April 17- French supermarket retailer Casino posted a 3.1 percent rise in first-quarter sales on Tuesday that reflected stronger sales at its Geant Casino hypermarkets and a resilient performance in Brazil despite food inflation. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016 and which has been criticized by U.S. activist...

  • PARIS, April 17- French supermarket retailer Casino posted a 3.1 percent rise in first-quarter sales on Tuesday that reflected stronger sales at its Geant Casino hypermarkets and a resilient performance in Brazil despite food inflation. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016 and which has been criticized by U.S. activist...

  • -Lipper@ NEW YORK, April 12- U.S. fund investors plowed back into the markets during the most recent week, with stocks and high-yield bonds attracting cash for the first time in four weeks, Lipper data showed on Thursday. "It's cautiously optimistic," said Tom Roseen, head of research services for Thomson Reuters' Lipper. Markets continue to be on edge over U.S.- China...