US stocks just cemented their worst start to a year in more than half a century. But as the slowdown in the US economy becomes increasingly difficult to ignore, the market for high-yield corporate bonds – often referred to as “junk bonds,” a Wall Street sobriquet for the debt of companies with less-than-stellar credit ratings…
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation. While inflation running at a 40-year high still sits near the top of the list of worries for many investors, another potential bugaboo…
Historically bad. That’s how the mammoth $ 53 trillion US fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo charge the effort, the Fed on Wednesday fired off its biggest benchmark interest rate increase in nearly thirty years. But what does that…
Read More “What the Fed’s biggest rate hike in decades means for the bear market in bonds” »
