You need a PLUS account to view this content. Try one month of PLUS for FREE.
Already have an account? log in
Credit Monitor: Outflows For Junk, Record Supply, Bad Month For IG
US junk funds bled another $2.3 billion during the latest weekly reporting period, data released late Thursday showed.
It was the third straight outflow and the fifth in six weeks. The net outflow over that six-week stretch comes to more than $13 billion. For context, high yield funds lost around $19 billion during the five-week stretch covering the original pandemic panic.
Readers will recall that the $6 billion outflow witnessed during the week ended February 22 was the third-largest ever, a
Yeah, but …. Since June I’ve been able to buy five new muni issues, three of them insured, all rated A+ and above, one at AAA. Rates on all were 5% with at least nine years’ call protection. All were purchased at issue. Nice paper earning a pre-tax equivalent 7.7% in my bracket.