EVEN INVESTMENT GRADE “BBB” BONDS BECOMING A MAJOR MARKET CONCERN By bulking up on debt, U.S. companies have added a new uncertainly into financial markets — SOURCE: 04-01-18 WSJ – “The Danger Lurking in a Safe Corner of the Bond Market” — U.S. companies have been bulking up on debt, introducing another wild card into […]
EVEN INVESTMENT GRADE “BBB” BONDS BECOMING A MAJOR MARKET CONCERN By bulking up on debt, U.S. companies have added a new uncertainly into financial markets — SOURCE: 04-01-18 WSJ – “The Danger Lurking in a Safe Corner of the Bond Market” — U.S. companies have been bulking up on debt, introducing another wild card into […]
HYG, JNK, TNX, TRIGGER$ April 2018
MAJOR CRACKS IN HY, EM & EVEN IG BODE POORLY FOR FUTURE DEBT FUNDED BUYBACKS DEBT FUNDED BUYBACKS The pillar that has been carrying equities for years (courtesy of cheap debt-funded buybacks) appears to be cracking as bond funds took a $1.9bn hit in the latest week. In fact, as BofA points out highlighting the […]
HYG, JNK, TNX, TRIGGER$ April 2018
MAJOR CRACKS IN HY, EM & EVEN IG BODE POORLY FOR FUTURE DEBT FUNDED BUYBACKS DEBT FUNDED BUYBACKS The pillar that has been carrying equities for years (courtesy of cheap debt-funded buybacks) appears to be cracking as bond funds took a $1.9bn hit in the latest week. In fact, as BofA points out highlighting the […]