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It's good to be a Blackstone (NYSE:BX) partner. Feeling its oats after the major rally in high-yield, the private-equity giant's Ascend Learning yesterday launched a CCC-rated $300M offering to fund a...
DoubleLine founder and CEO Jeffrey Gundlach sees "real potential for negative surprises" in corporate credit."Investors need to go to strong balance sheets. This will be the way to survive the zigzag...
Bank of America (NYSE:BAC) increases its U.S. high-yield bond default rate estimate for the next year to 5.5% from 4.25% due to volatility and tighter financial conditions.Estimate is now 225 basis...
Junk investors pulled cash from U.S. high-yield funds for three straight weeks and seven of the last 12 weeks, with Lipper reporting an outflow of $828M last week.Yields rose across ratings and...
JPMorgan Chase (NYSE:JPM) sees the pessimism in equity and high-yield bond markets as overdone, as it sees only a 20% to 30% chance of a recession in 2019, with an increased probability in 2020,...
Aberdeen Income Credit Strategies Fund (NYSE:ACP) declares $0.12/share monthly dividend, in line with previous. Forward yield 11.09% Payable Nov. 28; for shareholders of record Nov. 19; ex-div Nov....
While it's been a harsh month for stocks, junk bonds are outpacing the S&P 500 this half, Bloomberg First Word reports.Overall junk bond supply has been soft, even with big issues by Netflix (NFLX...
JPMorgan (NYSE:JPM) holds onto the number one slot in U.S. high-yield bond underwriting rankings, but lost some ground, Bloomberg reports.JPM's market share slipped to 9.91% at the end of June, down...
The yield on the Bloomberg Barclays (LON:BARC) US jumped to the highest since December 2016 with surging issuance and fund outflows, Bloomberg reports.While yesterday was the busiest day of the year...
The debt load for U.S. corporations has reached a record $6.3T, according to S&P Global, as Wall Street investors brace for a stricter rate environment even as cash hoarding reaches a peak.The...
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