Back in 2015, Marty Fridson, Chief Investment Officer at Lehmann, Livian, Fridson Advisors LLC, spoke with Barron's on the topic of high yield industries most sensitive to rising interest rates.
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Topics: High Yield, junk bonds, bond market, market analytics, YTW, Fixed Income, News, interest rate
Sears CEO, Edward Lampert stands to lose a fortune if SEARS Holdings Corp. goes under. Analysts increasingly predict that will indeed be the case.
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Topics: High Yield, bonds, Losers, Restructuring, sears, Fixed Income, News, bankruptcy
JUNK BONDS FLUCTUATED HIGHER
in overall price gains linked to trades, outpacing investment-grade debt on the European trading front. A
strong showing by Europe's carmakers
was a major element in today's market dynamic, as
Volkswagen AG
shares jumped 3.1%,
Fiat Chrysler NV
was up 1.6%, and
Renault SA added 1.3%, as of
3:30 PM, London time. Today's rebound in risk assets, on the heels of the worst run of sell-offs since October of '16, was fed also by upbeat data from heavyweight conglomerate
Bouygues SA,
3i Group PLC, and
British Land Co. PLC.
Nymex
oil prices stabilized around $55.30, supporting a
rebound in the oil-and-energy sector
as the view grew that U.S. shale producers will be more disciplined, going forward.
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Topics: High Yield, Investment Grade, bonds, junk bonds, bond market, corporate bonds
JUNK BONDS REGAINED A SLIGHT EDGE over less-risky
investment-grade debt, as stocks in Europe's bourses took a turn to the upside. The pan-European
Stoxx 600
index reflected a string of gains among European equities, driven mainly by
dovish comments from Mario Draghi, chief of the
ECB (European Central Bank). In a more-or-less expected stance, Draghi pledged to move cautiously in scaling back stimulus measures, sending the
euro lower
and putting many investors in risk assets in a good mood. Corporate-bond traders took cues from
early gains in Spanish banks, with
Banco Sabadell SA
shares up 4.7% at one point,
BBVA
up 3%, while
Nokia Corp. was off over 17% as of
5 PM
London time.
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Topics: High Yield, Investment Grade, bonds, bond market, corporate bonds
Fitch U.S. High Yield Default Insight (U.S. High Yield Default Rate Remains Below 2%; Seadrill Propels Yankee Rate)
Several U.S. high yield companies have interest payments scheduled for Sept. 15 which, according to Fitch Ratings, if not made would move the default rate above the current 1.8% mark, and includes two large retailers.
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Topics: High Yield
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