T Rowe Price High Yield Fund Inc
What Bond Mutual Fund Investors Can Do in a Liquidity Squeeze
Things look fine for now Previously in this series, we discussed how mutual funds have a notably larger holding of corporate bonds at present than they had before the financial crisis of 2008. We’ve also talked about how regulatory changes could impact the role of banks as market makers. At the same time, the role […]
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.
How Did Junk Bond Yields Fare ahead of the FOMC Meeting?
Junk bond yields fell 18 basis points week-over-week and ended at 8.38% on March 11, 2016.
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.
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.
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.
US Indexes Fell Last Week amid Fears of Dismal Corporate Results
Together, the S&P 500 Index, the Dow Jones Industrial Average (DJIA), and the NASDAQ fell marginally from March 29 to April 5, 2016.
US Stock Indices Rebounded after Deadly Terror Attack in Brussels
Three US equity indices rebounded after the terror attack at the Brussels airport and metro station on March 22. The S&P 500 index rose 1.2%.
PAHIX: A Large Fund with Moderately Liquid Corporate Bonds
PAHIX has a sizable portion of its assets rated B and below. If we look at its risk, it doesn’t appear that investors in the fund should be worried.
High-Yield Bond Fund Flows in 2015: Not a Pretty Picture
High-yield bond funds have become out of favor with investors. Recently, the ICI released weekly data on estimated fund flows for high-yield bonds funds.
How Your Bond Mutual Fund Could Face Liquidity Risk—and Why
Mutual funds currently own ~20% of outstanding corporate bonds—a gaining trend. Bond mutual funds thus have an increasing role in credit intermediation.