WSJ: Supply-chain finance programs seeing cuts as companies face high interest rates
THE WALL STREET JOURNAL reports: Big companies including AT&T, Keurig Dr Pepper and Krispy Kreme are pulling back on a type ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
THE WALL STREET JOURNAL reports:
If the U.S. economy is headed for trouble, no one told the junk-bond market.
The premium that investors demand to hold debt from sub-investment-grade companies instead of relatively safe Treasurys has shrunk to near pandemic-era lows, a sign of dwindling worries about an economic slowdown that would cause a big jump in defaults and bankruptcies.
Low-rated debt has been swept up in a broad market rally fueled by signs of cooling inflation and hopes for interest-rate cuts. Attracted by yields around 8%, investors have added a net $3.7 billion into junk-bond funds so far this year, according to Refinitiv Lipper—the first inflows in that period since 2020.
Bonds of all kinds are rebounding after three straight months of hotter-than-expected inflation data rattled markets, denting investors’ hopes for interest-rate cuts. Now, signs of cooling price increases have rekindled bets that the Federal Reserve could cut rates more than once this year, according to CME Group data.
There are signs of stress lurking. The default rate has ticked up to 5.8% of #junkbond issuers over the 12 months through March, its highest level in three years, according to a Moody’s Ratings analysis. That figure includes bankruptcies and out-of-court debt restructurings…
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