A quiet start to a bigger new-issue week
Weekly supply is holding below $5 billion, reinvestment needs are still in effect from large redemptions and fund flows are leaning more positive, noted FHN Financial's Kim Olsan.
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Weekly supply is holding below $5 billion, reinvestment needs are still in effect from large redemptions and fund flows are leaning more positive, noted FHN Financial's Kim Olsan.
As big money managers quietly step back into the high-yield debt market following a steep sell-off this year, investors can also begin to take a second look at attractively priced speculative-grade bond exchange traded funds.
With the downward pressure in bond prices, even the safest bets like benchmark Treasury notes and longer maturity bonds were susceptible to rising yields.
NEW YORK: Bad news may once again be good news on Wall Street, as signs of slowing US growth fan hopes that the Federal Reserve (Fed) may not need to tighten policy as much as previously expected.