PIMCO Total Return Fund
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 […]
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.
US Economic Growth Revised Upward, but Will Growth Continue?
The BEA (U.S. Bureau of Economic Analysis) released the second of three estimates for US economic growth for 4Q15 on February 26, 2016.
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.
Why Did Investment-Grade Bond Yields Fall Last Week?
Movement in investment-grade bond yields was driven by aftershocks following the Brexit vote. Last week, investment-grade bond yields fell.
Investment-Grade Bond Yields Fell Due to Brexit
Last week, the movement in investment-grade bond yields was driven by Brexit. Investment-grade bond yields fell for the week ending June 24.
High-Grade Bond Yields Rise on Better Odds of a Rate Hike
Last week, investment-grade bond yields jumped 12 basis points and ended at 3.16%, the highest level since April 5, 2016.
Investment-Grade Bond Yields Fell after Yellen’s Hawkish Comments
Investment-grade bond yields fell slightly for the week ending May 27 after Fed Chair Janet Yellen stated that a rate hike would be appropriate in the coming months.
Investment-Grade Bond Yields Jump on Hawkish FOMC Minutes
Investment-grade bond yields jumped in the week ending May 20 as the FOMC (Federal Open Market Committee) minutes indicated that the Federal Reserve may go ahead with a rate hike in June.
High-Grade Bond Yields Continue to Go Downhill
According to the BofA Merrill Lynch US Corporate Master Effective Yield, high-grade bond yields averaged 3.6% in January 2016.
Why Did Investment-Grade Bond Yields Fall?
Investment-grade bond yields fell for the week ending May 13 despite upbeat retail sales and consumer confidence data.
High-Grade Bond Yields, Spreads Fell Last Week
In April, the downward trend in bond yields continued due to weak corporate results and no strong guidance by the Fed on a rate-hike.
Where Did International Data Point in the Week Ended May 6?
Weak US jobs data indicated that hiring was slow in April 2016 due to weak economic growth, low productivity, and soft corporate earnings.
High-Grade Bond Yields and Spreads Fall to Lowest Levels in 2016
In March, yields fell sharply and averaged 3.44% after the Fed gave a dovish outlook for the next interest rate hike.
High-Grade Bond Yields Rose, Spreads Were Lowest Year-to-Date
According to the BofA Merrill Lynch US Corporate Master Effective Yield, in January 2016, yields averaged 3.6%.
Investment-Grade Bond Yields Rose amid Oil Rebound, Economic Data
Investment-grade bond yields rose in the week ended April 22, 2016, following a rebound in oil prices and favorable economic data.
How Have Investment-Grade Bonds Fared in Quality and Maturity?
Anheuser-Busch InBev, Apple, ExxonMobil, Berkshire Hathaway, and Newell Rubbermaid were among the biggest issuers of investment-grade bonds in 1Q16.
December 2015 Minutes: PCE Inflation May Impede Future Rate Hikes
According to the December FOMC minutes, although most participants expect inflation to be in the range of 1.7%–1.8% in 2016, the overall projections range from 1.2% to 2.1%.
The Fed Will Watch Personal Consumption Expenditures Inflation
The Federal Reserve has a specified numerical mandate for personal consumption expenditures inflation given to it by Congress.
Is PCE Inflation the Last Barrier between the Fed and a Rate Hike?
The Fed has a specified numerical mandate for PCE inflation given to it by Congress. The central bank is expected to maintain PCE inflation at 2% in the long run.
EDF SA Issued ~$4.8 Billion in High-Grade Bonds Last Week
EDF SA is based in France. It produces, markets, and distributes electricity. EDF SA issued A1/A rated high-grade bonds worth ~$4.8 billion in five parts.
Investment-Grade Corporate Bonds Issued in the Week Ended October 9
Last week, Treasury yields rose in double-digits nearly across the yield curve. Yields on investment-grade corporate bonds also rose for the week ended October 9.
How Inflation Could Impact Mutual Funds
When the Federal Reserve refers to inflation, it is talking about the rate of change in PCE inflation (or the price index for personal consumption expenditures).
UBS Group Funding Issues $4.3 Billion Worth of High-Grade Bonds
UBS Group Funding (Jersey) Limited (UBS), via its subsidiaries, issued BBB+-rated high-grade bonds worth $4.3 billion in three parts during the week ending September 25.
Disney Issues $2.0 Billion in High-Grade Bonds Last Week
US corporates were the biggest issuers of high-grade bonds last week, making up 54.2% of all issues. The Walt Disney Company (DIS) issued A2/A rated high-grade bonds worth $2.0 billion.
ING Group Issued the Most High-Grade Bonds Last Week
US financials were the highest issuers of high-grade bonds in the week ended August 14, making up 37.7% of all issuance.
Investment-Grade Bond Funds Record Back-to-Back Outflows
Flows into investment-grade bond funds were negative for the week ended August 12—marking the third consecutive week of outflows.