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Lynn Noah

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Lynn Noah

  • uploads///Vanguard  Index Fund Investor Class VFINX
    Company & Industry Overviews

    US Stock Indices Plunge after Oil Prices Rebound

    The three US equity indices that we review in this weekly series fell from December 8 to December 15, 2015, after a rebound in oil prices.

    By Lynn Noah
  • uploads/// Year Treasury Note Issuance versus Bid Cover Ratio
    Fund Managers

    3-Year Treasury Notes’ Overall Demand Fell on July 7

    The US Treasury holds monthly auctions of three-year Treasury notes. The latest auction was held on July 7.

    By Lynn Noah
  • uploads/// Year Treasury Bond Issuance versus Bid Cover Ratio
    Fund Managers

    10-Year Treasury Note Market Demand Barely Moved Last Week

    On July 8, ten-year Treasury notes worth $21 billion were auctioned—the same as the previous week.

    By Lynn Noah
  • uploads///Movement of Investment Grade Bond Yield and Spread
    Financials

    High-Grade Bond Yields Rose as Spreads Touched Their Lowest Level

    Last week, high-grade bond yields rose after upbeat US inflation and retail sales data raised the possibility of a rate hike by the year’s end.

    By Lynn Noah
  • uploads///US Leveraged Loan Market Volumes
    Company & Industry Overviews

    Leveraged Loans Primary Market Issuance Falls to Zero after Christmas Weekend

    The issuance of US leveraged loans fell to zero last week. However, in the previous week, ~$4.9 billion in dollar-denominated senior loans were priced.

    By Lynn Noah
  • uploads///US High Yield Bond Fund Flows
    Company & Industry Overviews

    Outflows in High-Yield Funds Fell, Yield on High-Yield Bonds Rose

    Investor flows in high-yield bond funds were negative last week. According to Lipper, the net outflows from high-yield bond funds totaled $0.5 billion.

    By Lynn Noah
  • uploads///Junk Bond Yields in  and
    Company & Industry Overviews

    Clear Channel International: The Only Junk Bond Issuer in the Week Ending December 11

    An indirect and wholly owned subsidiary of Clear Channel Outdoor Holdings, Clear Channel International issued $225 million in dollar-denominated junk bonds.

    By Lynn Noah
  • uploads///Chinas transition
    Macroeconomic Analysis

    IMF Provides a Positive Assessment of China’s Economy

    In a press conference on June 14 on its annual Article Four Staff Report, the IMF provided a positive assessment of China’s economy.

    By Lynn Noah
  • uploads///Total IG Bond Issuance for the Week Ending November
    Company & Industry Overviews

    AstraZeneca Issued High-Grade Bonds to Acquire ZS Pharma

    Last week, AstraZeneca issued A2/A rated high-grade bonds worth $6.0 billion to fund the acquisition of ZS Pharma (ZSPH).

    By Lynn Noah
  • uploads///Mutual Funds Exposure to Financial and Consumer Discretionary Sector
    Macroeconomic Analysis

    Impact of the Slowdown in China’s Retail and Financial Sectors

    The financial sector is the largest sectoral component of all four mutual funds. So how the sector performs will have a major impact on the returns of these funds.

    By Lynn Noah
  • uploads///Slowdown in Export and GDP growth rate
    Fund Managers

    Analyzing China’s Leading Economic Index

    China’s Leading Economic Index currently indicates that the country’s economy is facing a downturn. Its LEI remained unchanged at 98.71 points in July 2015.

    By Lynn Noah
  • uploads///Chinas Burgeoning Debt Burden
    Company & Industry Overviews

    What Do Hedge Fund Managers Have to Say about China?

    Hedge fund managers have expressed mixed opinions about the Chinese economy. China’s total debt-to-GDP ratio is currently in the range of 240%–270%, compared to 150% a decade ago.

    By Lynn Noah
  • uploads///Junk Bond Yields in  and
    Company & Industry Overviews

    MDC Partners Issued the Most Junk Bonds in the Week to March 18

    MDC Partners (MDCA) offers marketing and communication network services. It issued dollar-denominated junk bonds worth $900 million on March 18.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Macroeconomic Analysis

    Investment-Grade Bond Funds Witness Largest Outflow of 2015

    Flows into investment-grade bond funds were negative for the week ended August 26, making it the fifth successive week of outflows. It was the largest outflow of 2015 so far.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    High Yield Bond Issuance Hit 2016 Record Last Week

    High yield bond issuance surged last week and hit its highest level in 2016 yet due to continued growth in volume.

    By Lynn Noah
  • uploads/// Year Floating Rate Note Issuance Versus Bid Cover Ratio
    Company & Industry Overviews

    Why the Bid-to-Cover Ratio Rose for 2-Year Floating Rate Notes Auction

    The US Treasury introduced two-year floating rate notes (or FRNs) in January 2014.

    By Lynn Noah
  • uploads///US Investment Grade Bond Market Issuance
    Company & Industry Overviews

    Investment-Grade Corporate Bonds’ Issuance Fell Last Week

    Investment-grade corporate bonds worth $28.8 billion were issued in the primary market in the week to May 27, 2016.

    By Lynn Noah
  • uploads///Performance of China Focused Mutual Funds
    Macroeconomic Analysis

    The SSE Composite Index’s Performance since the Fed Rate Hike

    The SSE Composite Index rose after the US Federal Reserve decided to raise the interest rate by 25 basis points. From December 9–16, 2015, the index rose 1.3% and closed at 3,516.2 points on December 16.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    High-Yield Bond Issuance Fell after the FOMC’s Dovish Statement

    Last week brought the total US dollar-denominated issuance of high-yield debt to $24.3 billion in 2016 YTD. It’s 71.0% lower than the same period in 2015.

    By Lynn Noah
  • uploads///Duration of Fixed Income Mutual Funds
    Macroeconomic Analysis

    Choosing between Short- and Long-Term Fixed-Income Mutual Funds

    Bond prices fall when interest rate rise. So when interest rate rises, the value of a bond or a bond portfolio falls.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Macroeconomic Analysis

    Investment-Grade Bond Funds Saw Outflows for Third Week in a Row

    Investment-grade bond issuance fell to $26.275 billion last week as compared to $32.35 billion in the previous week.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    Why High Yield Bond Market Issuance Gained Traction Last Week

    High yield bond issuance activity gained traction last week on improved Market sentiment. The total US dollar-denominated issuance of high yield debt is $60.8 billion in 2016 YTD.

    By Lynn Noah
  • uploads///Personal Consumption Expenditures PCE Price Index
    Macroeconomic Analysis

    What Do the PCE Price Index and Break-Even Inflation Indicate?

    The PCE price index is the Federal Reserve’s preferred measure of inflation because it covers the broadest set of goods and services.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Leveraged Loan Funds Witness Back-to-Back Inflows

    According to data from Lipper, leveraged loan funds saw an inflow for the second consecutive week. The quantum of inflows came in at $176 million last week.

    By Lynn Noah
  • uploads/// Year Floating Rate Note Issuance Versus Bid Cover Ratio
    Company & Industry Overviews

    Why Overall Demand Tanked for 2-Year Floating-Rate Notes

    Overall, $13 billion worth of floating-rate notes were auctioned, the same as in February’s auction.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Why Leveraged Loan Funds Saw Outflows Last Week

    According to S&P Capital IQ Leveraged Commentary & Data, three collateralized loan obligation deals worth $1.4 billion were priced last week.

    By Lynn Noah
  • uploads///Chinas New Yuan Loans
    Macroeconomic Analysis

    China’s New Yuan Loans Rose in May, but Its Debt Pile Increased

    According to the People’s Bank of China, new loans issued by Chinese banks rose to 985.5 billion yuan ($150 billion) in May from 555.6 billion yuan ($85.2 billion) in the previous month.

    By Lynn Noah
  • uploads///Sharpe Ratio
    Macroeconomic Analysis

    Analyzing Risk-Adjusted Returns of Four China-Focused Mutual Funds

    Risk-adjusted returns is a concept that can be used to determine how much return an investment can provide with the given level of risk associated with it.

    By Lynn Noah
  • uploads///MNI Chinas Business Sentiment indicator
    Macroeconomic Analysis

    China’s MNI Business Sentiment Expanded in April, Caution Prevails

    China’s MNI Business Sentiment Indicator expanded to 50.5 in April due to stimulus measures from Chinese authorities to boost economic growth.

    By Lynn Noah
  • uploads///Movement in  Yr  Yr and  Yr Treasury Yields
    Company & Industry Overviews

    T-Notes Auction: Poor Demand amid the FOMC Meeting

    The overall demand fell for the seven-year T-notes auction because the FOMC meeting didn’t give any clarity regarding an interest rate hike in the future.

    By Lynn Noah
  • uploads///Movement in Short Term Treasury Yields
    Company & Industry Overviews

    How Did US Treasury Auctions Fare Last Week?

    The US Department of the Treasury’s 26-week Treasury bill, or T-bill, auction, totaled $26 billion last week.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Leveraged Loan Funds Witnessed a Small Outflow Last Week

    According to data from Lipper, leveraged loan funds saw outflows for the third consecutive week. The quantum of outflows came in at $73 million last week.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    High-Yield Bond Market Issuance Was Highest Year-to-Date

    High-yield bond issuance activity increased significantly last week on a firm market condition. Issuers were in a rush to close deals ahead of Memorial Day weekend.

    By Lynn Noah
  • uploads///Fidelity China Region Fund Class C
    Fund Managers

    How Did the Fidelity China Region Fund Class C Perform in August?

    The Fidelity China Region Fund Class C (FHKCX) aims to achieve long-term capital growth.

    By Lynn Noah
  • uploads///Chinas Consumer Price Index and Producer Price Index
    Macroeconomic Analysis

    Why China’s CPI Data Were Stronger in February

    In February, China’s CPI (consumer price index) rose 2.5% YoY—the largest rise since July 2014. It was also higher than the 1.8% YoY rise in January.

    By Lynn Noah
  • uploads///Chinas New Yuan Loans fell sharply in February
    Macroeconomic Analysis

    China’s New Yuan Loans, Aggregate Financing Dropped in February

    China’s aggregate financing also fell sharply from 3417.3 billion yuan ($525 billion) in January to 780.2 billion yuan ($120 billion) in February.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Macroeconomic Analysis

    Investment-Grade Bond Funds See Outflows for 4 Consecutive Weeks

    Flows into investment-grade bond funds were negative for the week ended August 21, making it the fourth successive week of outflows. The funds saw net outflows of $1.09 billion.

    By Lynn Noah
  • uploads///Chinas New Yuan Loans
    Company & Industry Overviews

    China’s New Yuan Loans and Aggregate Financing Plummeted in April

    China’s aggregate financing dropped to 751.0 billion yuan ($115.2 billion) in April from 2.3 trillion yuan ($361 billion) in March.

    By Lynn Noah
  • uploads///Performance of China Focused Mutual Funds
    Fund Managers

    SSE Composite Index Falls despite China’s New IPO System

    The SSE Composite Index fell by 1.8% from December 2 to December 9 and closed at 3,472.44 on December 9, 2015.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    High-Yield Bond Issuance Recorded Is the Highest in 2016 YTD

    High-yield bond issuance surged last week and recorded its highest level in 2016 due to improved primary market sentiment.

    By Lynn Noah
  • uploads///swift_rmb_inside_dec x
    Macroeconomic Analysis

    China’s Yuan Share Rose in Global Currency Payments

    According to the latest SWIFT RMB Tracker, the yuan—also known as the “renminbi”—accounted for 2.3% of the global payments in November 2015.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Company & Industry Overviews

    Investment-Grade Bond Funds Witnessed Outflows in 1Q16

    According to Lipper fund flows data, investment-grade bond funds saw net outflows of $517.5 million in 1Q16.

    By Lynn Noah
  • uploads///Key issues in China
    Macroeconomic Analysis

    Key for Investors: 5 Issues Are Choking Real Growth in China

    We think that 2016 will be challenging for the Chinese economy. With policy support and improved credit conditions, economic activity stabilized in 1Q16.

    By Lynn Noah
  • uploads/// Year Floating Rate Note Issuance Versus Bid Cover Ratio
    Company & Industry Overviews

    High Discount Margin: Highest Ever for 2-Year Floating Rate Notes

    The US Department of the Treasury introduced two-year FRNs (floating rate notes) in January 2014. An FRN is a debt security. Its interest payment varies.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    Why Was High-Yield Bond Issuance Slow Last Week?

    Last week brought the total US dollar-denominated issuance of high-yield debt to $66.5 billion in 2016 YTD—47.0% lower than the same period in 2015.

    By Lynn Noah
  • uploads///Price Movement in the VFINX and the SPY
    Company & Industry Overviews

    Why Did US Stock Indices Rise?

    Treasury yields fell across the yield curve last week after the US Department of Labor reported that the economy added fewer jobs in April.

    By Lynn Noah
  • uploads///Factors affecting Feds rate hike decision
    Macroeconomic Analysis

    Is the US Economy Ready for Another Rate Hike?

    With the US economy gearing itself up for the another rate hike, investors are investing in short-term Treasury securities whose price will fall less in value when interest rates rise.

    By Lynn Noah
  • uploads///Templeton China World Fund Class A TCWAX
    Macroeconomic Analysis

    TCWAX Fell Due to Weak Global Demand

    For the month ending on November 30, 2015, TCWAX fell by 2.8% due to weakness in global demand and lower commodity prices.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Company & Industry Overviews

    Investment-Grade Bond Funds Saw Inflows Last Week

    Flows into investment-grade bond funds were positive last week. Investment-grade bond funds saw net inflows of $907.1 million during the week ending July 6.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Did Leveraged Loan Funds Break a 32-Week Streak of Outflows?

    Leveraged loan funds saw inflows in the week ending March 9 after 32 consecutive weeks of outflows. However, the amount of inflows was small at $55.0 million last week.

    By Lynn Noah
  • uploads///Price Movement in the VFINX and the JNK
    Macroeconomic Analysis

    After the Fallout from Brexit, the Fed’s Hands Are Tied Again

    With the Brexit fallout, the Federal Reserve will most likely delay the next interest rate hike until the end of this year or even next year.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Macroeconomic Analysis

    Investment-Grade Bond Funds Witness Inflows

    Flows into investment-grade bond funds were positive for the week ending on October 14 after witnessing four consecutive weeks of outflows.

    By Lynn Noah
  • uploads///Caxin Composite PMI
    Macroeconomic Analysis

    How Did China’s Service Sector Fare in March?

    China’s service sector expanded at a moderate pace in March. The Caixin China General Services Business Activity Index beat the neutral value of 50 to come in at 51.3 in March.

    By Lynn Noah
  • uploads///Portfolio Composition
    Macroeconomic Analysis

    What Are the Portfolio Compositions of CHNIX and MCHFX?

    Stocks from the financial sector form the biggest chunk of both funds. These stocks make up 33.9% of CHNIX, while forming 23.8% of the MCHFX.

    By Lynn Noah
  • uploads///Performance of China focused Mutual Funds
    Macroeconomic Analysis

    SSE Composite Index Falls on Worries of a US Interest Rate Hike

    The SSE Composite Index fell 1.0% to 2,807.51 from May 11 to May 18, 2016, after the minutes of the Federal Reserve’s April policy meeting hinted that a rate hike might happen in June.

    By Lynn Noah
  • uploads///Manufacturing PMI and GDP
    Macroeconomic Analysis

    Are There Opportunities amid China’s Manufacturing Slump?

    China’s manufacturing sector has been plagued by weak demand, rising labor costs, overcapacity in industries, and tighter resource and environmental constraints.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Company & Industry Overviews

    Investment-Grade Bond Funds Continue to Witness Outflows

    According to Lipper Fund Flow data, investment-grade bond funds saw net outflows of $1.2 billion during the week ended January 27, 2016.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Why Leveraged Loan Funds Witnessed an Outflow Last Week

    According to data from Lipper, leveraged loan funds saw an outflow for the fourth consecutive week. The quantum of outflows was $93 million last week.

    By Lynn Noah
  • uploads///US Leveraged Loan Market Volumes
    Company & Industry Overviews

    Leveraged Loan Issuance Was Almost Stable Last Week

    The US leveraged loans market saw an allocation of $4.75 billion worth of dollar-denominated senior loans in the week to April 29.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Company & Industry Overviews

    Investment-Grade Bond Funds Saw Outflows in November

    According to Lipper’s funds flow data, investment-grade bond funds saw net outflows of $789.1 million up to the week ending November 25.

    By Lynn Noah
  • Macroeconomic Analysis

    TCWAX: 2015’s Worst Performer, but Lowest YTD Negative Return

    The Templeton China World Fund – Class A (TCWAX) is the third-largest fund under this review, with an asset size of $297.2 million as of January 2016.

    By Lynn Noah
  • uploads///Chinas GDP is Slowing Down
    Macroeconomic Analysis

    Why Are Mark Yusko and Mark Mobius Bullish on China?

    Mark Yusko has been bullish on China for a long time. He thinks that although China’s GDP declined, it’s still at a much higher level than other countries.

    By Lynn Noah
  • uploads/// Year Floating Rate Note Issuance Versus Bid Cover Ratio
    Macroeconomic Analysis

    Demand Nose-Dived for Two-Year Floating Rate Notes Auction

    Market demand for two-year floating rate notes in September fell sharply to 24.7% of the accepted competitive bids—its lowest mark ever—compared to 43.6% at August’s auction.

    By Lynn Noah
  • uploads///US High Yield Bond Fund Flows
    Company & Industry Overviews

    Inflows Continued into High-Yield Bond Funds, Yields Fell Sharply

    Investor flows into high-yield bond funds were positive for the fifth week. Net inflows into high-yield bond funds totaled $1.7 billion in the week ending March 16.

    By Lynn Noah
  • uploads///US High Yield Bond Fund Flows
    Company & Industry Overviews

    High-Yield Bond Funds Witnessed Large Outflows

    Investor flows into high-yield bond funds were negative last week. According to Lipper, net outflows from high-yield bond funds totaled $1.8 billion.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Company & Industry Overviews

    Investment-Grade Bond Funds Witnessed Inflows

    The flows into investment-grade bond funds were positive for the week ending November 18. Investment-grade bond funds saw net inflows of $945.0 million.

    By Lynn Noah
  • uploads///Chinas New Yuan Loans rises in November
    Macroeconomic Analysis

    China’s New Yuan Loans and Aggregate Financing Rise in November

    The rise in new yuan loans doesn’t directly impact the overall performance of mutual funds. But with the rise in credit flow in the economy, mutual funds with large exposures to financials benefit.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Company & Industry Overviews

    Investment-Grade Bond Funds Saw Outflows in Week Ended November 25

    For the week ended November 25, investment-grade bond funds saw net outflows of $1.46 billion after witnessing two consecutive weeks of inflows.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Leveraged Loan Funds See More Outflows

    Leveraged loan funds saw an outflow for the week ending November 25. The quantum of outflows was $742.0 million last week—up from $306.2 million in the previous week.

    By Lynn Noah
  • uploads///Chinas transitioning economy
    Macroeconomic Analysis

    Macro Factors to Look for When Investing in China

    China’s shifting its focus from a manufacturing-based economy to a consumer-based economy. It’s expected to do well in the long run.

    By Lynn Noah
  • uploads///Junk Bond Yields in  and
    Company & Industry Overviews

    Hanesbrands Issued the Most Junk Bonds in the Week to May 6

    Hanesbrands issued Ba2/BB rated dollar-denominated junk bonds worth $1.8 billion on May 3. It will use the proceeds of the loan for refinancing purposes.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    High Yield Bond Issuance Fell in December on Rate Hike, Holidays

    Let’s look at the high yield bond markets. Junk bond issuers stayed away from the primary market for three successive weeks in December due to holidays.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Leveraged Loan Funds Continue to Witness Inflows

    According to data from Lipper, leveraged loan funds saw an inflow for the third consecutive week. The inflows came totaled $126 million last week.

    By Lynn Noah
  • uploads///Total IG Bond Issuance in Week Ending May
    Company & Industry Overviews

    Walgreens Boots Alliance Issued the Most High-Grade Bonds

    Walgreens Boots Alliance (WBA) issued Baa2/BBB rated high-grade bonds worth $6.0 billion through five parts on May 26.

    By Lynn Noah
  • uploads///Junk Bond Yields in  and
    Company & Industry Overviews

    Intelsat Jackson Issued Most Junk Bonds in the Week Ended March 24

    Continuous improvement in market conditions resulted in the highest year-to-date (or YTD) high-yield bond issuance in the primary market last week.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Why Leveraged Loan Funds Saw Outflows after 3 Weeks of Inflows

    Collateralized loan obligation (or CLO) deals worth $451 million were priced last week. Year-to-date CLO issuance stands at $7.1 billion.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    Why Did High-Yield Bond Issuers Avoid the Primary Market?

    High-yield bond issuance fell to zero last week due to two main reasons. Junk bond issuers stayed away from the primary market due to fears of default risk.

    By Lynn Noah
  • uploads/// Year Treasury Bond Issuance versus Bid Cover Ratio
    Company & Industry Overviews

    What Happened at the US Treasury Auctions in the Week Ending June 10?

    It’s expected that the Fed may increase the interest rate soon, and 30-year Treasury bonds auction are closely watched by stock and bond investors.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Leveraged Loan Funds Witnessed Outflows: What Does It Mean?

    Leveraged loan funds saw an outflow in the week ending February 3. It’s the fifth successive week in 2016. The quantum of outflows was $405.0 million last week.

    By Lynn Noah
  • uploads///Movement in Intermediate and Long Term Treasury Yields
    Company & Industry Overviews

    Brexit Vote: How Did US Treasury Auctions React?

    The US Treasury auctioned 30-year TIPS (VIPSX)(LTPZ) worth $5 billion on June 22.

    By Lynn Noah
  • uploads///Portfolio Composition
    Macroeconomic Analysis

    What Are the Portfolio Compositions of FHKCX and JCOAX?

    The Fidelity China Region Fund Class C (FHKCX) and the John Hancock Greater China Opportunities Fund Class A (JCOAX) benchmark their performance to the MSCI Golden Dragon Index.

    By Lynn Noah
  • uploads///Price Movement in the VFINX and the JNK
    Financials

    US Stock Indexes Rally with Japan’s Stimulus and Robust Jobs Data

    The three US stock indexes that we review in this weekly series rose from July 5–12, 2016. Robust US jobs data boosted investor sentiment and eased the fear of an economic slowdown.

    By Lynn Noah
  • uploads///Junk Bond Yields in  and
    Company & Industry Overviews

    Prime Security Services Issued the Most Junk Bonds Last Week

    Prime Security Services is a subsidiary of Apollo Global Management (APO). It issued junk bonds worth $3.14 billion on April 20.

    By Lynn Noah
  • uploads///Total IG Bond Issuance for August
    Fund Managers

    August 2015’s Top High-Grade Bond Issuers

    US corporates were the highest issuers of high-grade bonds in August 2015, making up 35.4% of all issues. Yankee bond issuers came in second.

    By Lynn Noah
  • uploads///Movement of Investment Grade Bond Yield and Spread
    Industrials

    Why Yankee Bank Issuers Find US Corporate Debt Attractive

    A lower cost of borrowing and tighter spreads have attracted foreign banks to flock to the US corporate debt market.

    By Lynn Noah
  • uploads///Total IG Bond Issuance for the WE December
    Company & Industry Overviews

    Visa Inc Led the High-Grade Bond Market Last Week

    Visa Inc (V) issued A1/A+ rated high-grade bonds worth $16.0 billion via six parts. This included $1.75 billion in 1.20% two-year notes at a spread of 30 bps.

    By Lynn Noah
  • uploads///Chinas Foreign Exchange Reserves
    Macroeconomic Analysis

    Did China End Its 4-Month Decline in Foreign Reserves in March?

    China’s State Administration of Foreign Exchange, or SAFE, released foreign reserve data for March on April 7, 2016. China’s foreign reserves rose $10.3 billion to $3.2 trillion in March.

    By Lynn Noah
  • uploads///Junk Bond Yields and Price Movement in JNK
    Financials

    US Stock Indexes Almost Flat after Release of FOMC Minutes

    The three US equity stock indexes we review in this weekly series were mostly flat from August 11–18, 2016. This came after the minutes from the July 26–27 FOMC meeting.

    By Lynn Noah
  • uploads///Output PMI
    Macroeconomic Analysis

    The Caixin China Services and Composite PMI in October

    The Caixin Composite Output Index stood at 49.9 in October—slightly below the neutral 50.0 value—up from 48.0 in September.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    High-Yield Bond Issuance Rose Last Week

    The total US dollar-denominated issuance of high-yield debt stands at $56.9 billion YTD in 2016—29% lower compared to the same period in 2015.

    By Lynn Noah
  • uploads///Chinas One Year Lending Rate
    Macroeconomic Analysis

    China’s Efforts to Boost Its Slowing Economy in 3Q15

    In an attempt to prop up its slowing economy, on October 23, the PBoC cut its one-year benchmark bank lending rate by 25 basis points to 4.35%.

    By Lynn Noah
  • uploads///Vanguard  Index Fund Investor Class VFINX
    Company & Industry Overviews

    US Stock Indices Remain Mixed as Oil Prices Fell during the Last Week of 2015

    Among the US stock indices we review in this weekly series, two US equity indices rose while one equity index fell between December 23 to December 30, 2015.

    By Lynn Noah
  • uploads///Vanguard  Index Fund Investor Class VFINX
    Company & Industry Overviews

    US Stock Indexes Fell as Oil Prices Touched New Lows

    Three US equity indexes—the S&P 500, the Dow Jones Industrial Average, and the NASDAQ—fell from January 12 to January 19 as the oil price rout continued.

    By Lynn Noah
  • uploads///Treasuries links
    Company & Industry Overviews

    5-Year TIPS Were Auctioned at a Negative Yield Again

    The US Treasury auctioned five-year TIPS worth $14 billion on August 18. The overall demand for the securities fell 2.1% from the previous auction.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Leveraged Loan Funds Saw Back-to-Back Inflows Last Week

    According to Lipper, in the week ended August 10, 2016, leveraged loan funds saw inflows of $96.4 million. In the previous week, inflows were $60.4 million.

    By Lynn Noah
  • uploads///US Investment Grade Bond Fund Flows
    Company & Industry Overviews

    Investment-Grade Bond Fund Flows Rose Slightly Last Week

    According to Lipper funds flow data, investment-grade bond funds saw net inflows of $2.52 billion during the week ending August 10.

    By Lynn Noah
  • uploads///Shenzhen Stock Exchange Composite Index
    Macroeconomic Analysis

    Why China Approved the Shenzhen-Hong Kong Stock Exchange Link

    China’s State Council approved the long-awaited Shenzhen-Hong Kong Stock Exchange Link on August 16, 2016. The Shenzhen Composite Index gained 3.2% from August 12 to August 16.

    By Lynn Noah
  • uploads///Total IG Bond Issuance in Week Ending Aug
    Company & Industry Overviews

    Westpac Banking Issued the Most High-Grade Bonds Last Week

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    By Lynn Noah
  • uploads///Chinas Benchmark  Year Bond Yield
    Macroeconomic Analysis

    SSE Composite Index Rose, Chinese Government Bond Yields Fell

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  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Leveraged Loan Funds Had Small Inflows Last Week

    In the week ended August 3, 2016, leveraged loan funds saw inflows worth $60.4 million. In the previous week, leveraged loan funds had outflows of $15 million.

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