Fed rate hike may have greatest impact in the high-yield bond market and FICC sales and trading businesses Source: eFinancialCareers You should expect an interest hike in the U.S. before Christmas. Growth is accelerating in the U.S. and it’s unlikely that the Fed will resist calls to increase interest rates before too much longer. What will…
Market reaction to election could be volatile, Fed waiting for results. Source: The Wall Street Journal Minutes from the Federal Reserve’s September meeting released Wednesday made it clear the central bank aims to raise overnight rates soon. Three committee members wanted to raise them right away, while others said the decision was “a close call.” Their…
Drop in junk bond market could signal change Source: Barron’s “Frothy” is a good word to describe last week’s high-yield market. The seven-month return for the sector reached 20%—remarkably high for bonds. Average yields, which move in the opposite direction of prices, fell to just 6%, down from 10% in February. Companies rated below investment grade…
Rise in interest rates will impact corporate borrowing programs Source: The Wall Street Journal The prospect of a Federal Reserve rate rise has investors in the U.S. credit markets less willing to make long-term bets. That may sound counter-intuitive, given that two exchange-traded funds that track long-term corporate bonds are both up 14% this year, making…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
