Junk-Bond Carnage Left Half the Market Pretty Much Unscathed
Junk-Bond Carnage Left Half the Market Pretty Much Unscathed
The four-day rout in junk-rated bonds has left half the market unscathed, even as it frayed the nerves of investors concerned about the froth in corporate debt.
Bloomberg
Bloomberg
Saudi Arabia Is Said to Freeze Trading Accounts as Part of Probe
Saudi Arabia Is Said to Freeze Trading Accounts as Part of Probe
Saudi Arabia’s market regulator has frozen the trading accounts of individuals being detained or investigated as part of the kingdom’s crackdown on alleged corruption, according to three people familiar with the matter.
Bloomberg
Bloomberg
Greek Bailouts Left Much to Be Desired, EU Auditors Conclude
Greek Bailouts Left Much to Be Desired, EU Auditors Conclude
Greece’s successive bailouts have only met their objectives to a limited extent as economic growth remains weak, debt has increased and banks’ ability to lend is still restricted, according to a report by the European Union’s auditors.
Bloomberg
Bloomberg
More Pain Ahead for China Bonds After 10-Year Yield Breaches 4%
China’s sovereign bond selloff escalated Tuesday, with the 10-year yield topping 4 percent for the first time in three years. The breach is likely to sour sentiment further and lead to more losses, at least until the Chinese authorities step in, analysts said.
Bloomberg
Bloomberg
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What Investors Say India's Rating Upgrade Means for Asset Prices
Moody’s Investors Service’s decision to boost India’s sovereign rating is a step forward for the developing nation, but the reaction in assets may be more “knee-jerk” than long-lived, according to investors.
Bloomberg
Bloomberg
A Top Asia Fund Manager Says This Stock Selloff Is a Time to Buy
As the stock selloff extended in Asia on Wednesday, one top money manager was anything but concerned.
Bloomberg
Bloomberg