×

Bonds Junk Bonds

  • Illinois House passes $5 billion tax package

    Illinois' House of Representatives passed big, permanent income-tax rate increases on Sunday.

  • Santelli Exchange: Illinois' budget deadline looms

    Nuveen Asset Management Co-Head of Global Fixed Income, John Miller & CNBC's Rick Santelli discuss what Illinois' $6 billion deficit means for muni bonds.

  • Illinois teetering on brink of 'junk' status

    CNBC's Leslie Picker reports Illinois' budget deadline is looming and there's a lot at stake if the state doesn't reach a deal.

  • CHICAGO, June 30- With a budget deal elusive and a midnight Friday deadline fast approaching, Illinois faces a crisis that threatens everything from its education system to government payrolls and the likelihood of becoming the first U.S. state ever with a junk credit rating. Illinois, which has gone a record-setting two straight years without a complete...

  • Nonetheless, the blog's authors concluded that liquidity remained resilient after examining the effects of the 2013 "taper tantrum" in the Treasury market, the Oct. 15, 2014 "flash rally" in the Treasury market and the liquidation of the Third Avenue's high-yield bond fund in December 2015. "We find that dealer balance sheets have continued to stagnate and that...

  • *S&P warns of downgrade if South Africa c.bank independence eroded. LONDON, June 20- Credit rating firm S&P Global warned South Africa on Tuesday that its rating could be cut deeper into junk territory if the government meddles with the "critical" independence of the country's central bank. S&P stripped South Africa of its coveted investment grade rating back in...

  • JOHANNESBURG, June 7- South African cement maker PPC reported a 93 percent plunge in full-year earnings on Wednesday due to a liquidity crisis following a cut in its credit rating to junk status by S&P Global Ratings. Group revenue rose 5 percent to 9.6 billion rand, supported by the "rest of Africa" cement business, while the group's core profit or earnings before...

  • SOFIA, June 2- Ratings agency Standard& Poor's upgraded the outlook on Bulgaria's sovereign credit rating to positive from stable on Friday, mainly due to the Balkan country's recovering economy and solid fiscal performance. S&P affirmed Bulgaria's long-term sovereign credit rating at BB+, one notch below investment grade, but said it could also be upgraded...

  • SOFIA, June 2- Ratings agency Standard& Poor's upgraded the outlook on Bulgaria's sovereign credit rating to positive from stable on Friday, mainly due to the Balkan country's recovering economy and solid fiscal performance. S&P affirmed Bulgaria's long-term sovereign credit rating at BB+, one notch below investment grade, but said it could also be upgraded...

  • SOFIA, June 2- Ratings agency Standard& Poor's upgraded the outlook on Bulgaria's sovereign credit rating to positive from stable on Friday, mainly due to the Balkan country's recovering economy and solid fiscal performance. S&P affirmed Bulgaria's long-term sovereign credit rating at BB+, one notch below investment grade, but said it could also be upgraded...

  • SOFIA, June 2- Ratings agency Standard& Poor's upgraded the outlook on Bulgaria's sovereign credit rating to positive from stable on Friday, mainly due to the Balkan country's recovering economy and solid fiscal performance. S&P affirmed Bulgaria's long-term sovereign credit rating at BB+, one notch below investment grade, but said it could also be upgraded...

  • CHICAGO, June 1- Illinois paid the price for its ongoing budget impasse on Thursday with both S&P Global Ratings and Moody's Investors Service dropping the state's general obligation credit ratings to one step above junk. The rating downgrades came a day after Illinois spring legislative session ended without a budget deal because of continued partisan...

  • LONDON, May 26- Investors shunned U.S. equities and high yield bonds in the latest week in favour of European stocks and investment grade corporate bonds, fund flow data from Bank of America Merrill Lynch showed on Friday. The $3.3 billion redemption from U.S. equity funds followed almost $9 billion of outflows the previous week, as political turmoil in...

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. They announced seven investment-grade deals and seven junk bond offerings on Monday, according to IFR, a Thomson Reuters unit.

  • JAKARTA, May 19- Rating agency Standard& Poor's upgraded Indonesia's sovereign bond ratings to investment grade on Friday, saying the move reflected its assessment of reduced risks to the country's fiscal position. S&P has upgraded Indonesia's sovereign credit outlook to BBB-, which is an investment grade, up from BB+, junk status. It gave Indonesia a positive...

  • A costumed reveller wearing a mask depicting Munch's famous painting 'The Scream'

    A decline in yields indicates investor demand for products at the high end of the risk scale.

  • JOHANNESBURG, May 16- South Africa's central bank governor Lesetja Kganyago said on Tuesday that raising lending rates would do little to attract new investments to the country after its credit rating was downgraded to junk. Kganyago, due to announce his first rates decision since S&P Global Ratings and Fitch cut South Africa's credit score to...

  • DUBAI, May 12- Standard& Poor's cut Oman's credit rating to junk on Friday, saying low oil prices had eroded the country's external reserves to the point they could no longer offset the threat of low oil prices. The downgrade made Oman the second of the Gulf's wealthy oil-exporting states to drop below investment-grade because of cheap crude.

  • NEW YORK, May 9- U.S. Junk bond issuance spiked following an earnings-related lull, according to IFR, a Thomson Reuters unit. There won't be another disruptive force for financial markets, "said Dominic Pappalardo, portfolio manager at McDonnell Investment in Oakbrook Terrace, Illinois.

  • NEW YORK, May 9- U.S. Junk bond issuance spiked following an earnings-related lull, according to IFR, a Thomson Reuters unit. There won't be another disruptive force for financial markets, "said Dominic Pappalardo, portfolio manager at McDonnell Investment in Oakbrook Terrace, Illinois.