Monday , June 18 2018
Home / David Stockman's Contra Corner / Riskiest Junk Bonds Still Blissful in La-La Land,

Riskiest Junk Bonds Still Blissful in La-La Land,

Summary:
High-grade corporate bonds have had a hard time. Yields have surged as prices have fallen. The S&P bond index for AA-rated corporate bonds is down 3.2% so far this year. Losses are concentrated on bonds with maturities of 15 years and over. They’re down 7%, according to Bloomberg. As prices have declined, yields have surged, with the average AA yield now at 3.47%, up from around 2.2% in mid to late-2016: https://wolfstreet.com/2018/05/24/junk-bonds-still-partying-blissfully-in-la-la-land-but-high-grade-bonds-get-hit-apples-fault/

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes The Shameful Prosecution Of Julian Assange By Imperial Washington

David Stockman writes Why The Singapore Statement Paves The Way For Ending US Occupation Of South Korea

David Stockman writes Aluminum Sanctions Elicit Russian T-Bond Dumping—-How The Empire Is Losing It’s Grip On Global Finance

David Stockman writes May Industrial Production—Not Much But Oil

High-grade corporate bonds have had a hard time. Yields have surged as prices have fallen. The S&P bond index for AA-rated corporate bonds is down 3.2% so far this year. Losses are concentrated on bonds with maturities of 15 years and over. They’re down 7%, according to Bloomberg. As prices have declined, yields have surged, with the average AA yield now at 3.47%, up from around 2.2% in mid to late-2016:

https://wolfstreet.com/2018/05/24/junk-bonds-still-partying-blissfully-in-la-la-land-but-high-grade-bonds-get-hit-apples-fault/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *