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Bonds Junk Bonds

  • 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...

  • RPT-U.S.-BASED HIGH-YIELD BOND FUNDS POST $573 MLN OUTFLOWS OVER WEEKLY PERIOD; 3 RD STRAIGHT WEEK OF WITHDRAWALS- LIPPER.

  • CHICAGO, April 5- Moody's Investors Service on Thursday rated $500 million of bonds Illinois plans to sell this spring one notch above junk, citing the state's big unfunded pension liability and chronic budget deficits. It warned the rating could be downgraded to the junk level if Illinois' unpaid bill backlog increases, pension funding is reduced, or if the...

  • April 2- Tesla Inc was reported on Monday to be making 2,000 of its Model 3 sedans per week as shares of billionaire Elon Musk's electric carmaker slid, driven by news a crash in California had involved its semi-autonomous autopilot. The company's lone outstanding junk bond, worth $1.8 billion and maturing in 2025, briefly dropped two points to as low as 85 cents...

  • Shares in Elon Musk's $50- billion dollar venture have been reeling from a triple whammy of probes into a fatal crash in California, concerns about Model 3 production and nerves over its debt load after a credit downgrade by rating agency Moody's. Tesla's only junk bond- a 5.3 percent 2025 note issued in August- briefly dropped two points to as low as 85 cents on the...

  • NEW YORK, March 29- The junk bond rally may be over, but investors should not expect a sharp unraveling. "We're being more selective on the new issuance side," said William Smith, high yield credit portfolio manager at AllianceBernstein. "Opportunistic issuers are holding back because with rates on the rise, the bargaining power is not as lopsided in their favor as it...

  • NEW YORK, March 29- The junk bond rally may be over, but investors should not expect a sharp unraveling. "We're being more selective on the new issuance side," said William Smith, high yield credit portfolio manager at AllianceBernstein. "Opportunistic issuers are holding back because with rates on the rise, the bargaining power is not as lopsided in their favor as it...

  • Tesla's new Model 3 at the Tesla store in Washington, D.C.

    Ninety-nine percent of lendable supply for shorting Tesla's high-yield bond has been used, sending the cost for new borrows to their highest ever, according to Sam Pierson at IHS Markit.

  • JOHANNESBURG, March 26- South Africa's new president Cyril Ramaphosa will need to call on all his dealmaking skills to overhaul ailing state-owned firms and tackle land reform if he wants to capitalize on Moody's decision not to downgrade the country's debt to junk. Moody's said its decision to keep South Africa's rating at investment grade reflected its...

  • NEW YORK, March 13- Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10- year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. "What's unusual is that the deficit is expanding even though we are late cycle," in the economic...

  • NEW YORK, March 13- Cracks have been surfacing in the junk bond market. Returns on leading high-yield indexes are down and cash outflows are rising, as are short interest bets against the asset class. "Valuations are, in aggregate, stretched," Greg Peters, senior portfolio manager at PGIM Fixed Income, which has $709 billion in assets, said on Monday.

  • PARIS, March 8- Retailer Casino delivered a cautious profit outlook along with its 2017 results on Thursday, at a time when it is under pressure to show it can revive profits in its main market of France. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016, is also experiencing slower growth in Brazil, its second-biggest market by revenue.

  • PARIS, March 8- French retailer Casino on Thursday vowed to further grow profits in 2018 thanks to cost savings and improving sales in France and Brazil, as it posted a 20.1 percent jump in its 2017 operating profit. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016, is under pressure to show it can revive profits in its main market of France...

  • PARIS, March 8- French retailer Casino said on Thursday that it aimed to grow profits further in 2018 thanks to cost savings and improving sales in France and Brazil, as it posted a 20.1 percent rise in its 2017 operating profit. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016, is under pressure to show it can revive profits in its main...

  • A pedestrian carries an umbrella while entering a subway station in front of the New York Stock Exchange.

    Demand to borrow ETFs that track junk bonds has reached a value of $7 billion, its highest level ever recorded.

  • BRASILIA, Feb 23- Fitch Ratings cut Brazil's credit rating further into junk territory on Friday, saying the country's failure to put a social security overhaul to a vote undermines public finances. Brazil's government has put off a vote on a constitutional amendment to reform the pension system, seen as vital to shoring up the country's finances, following a...

  • Feb 23- Fitch Ratings on Friday further lowered Brazil's credit rating to below investment grade on concerns over its ballooning fiscal deficit, higher debt burden and delays in social security reform. The rating agency said government of Brazil not putting the social security reform to congressional vote undermines the confidence in the medium-term...