By Matt Tracy (Reuters) - Tight credit spreads and strong investor demand for highly-rated bonds has prompted some U.S. companies to refinance debt ma.
Investors turn risk-on for some junk debt but not all zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
It's fear and greed in the fixed-income markets once again as traders bet the Federal Reserve is done raising interest rates, but aren't quite sure that it won't still break the U.S. economy. "There is a tug of war between those who believe the Fed is engineering a soft landing and those who are still fearful that a recession is going to result from such aggressive tightening,” said Edward Marrinan, credit strategist at SMBC Nikko Securities Americas. Junk bond spreads, the additional interest rate investors demand over safe Treasury bonds, tightened sharply.
It s fear and greed in the
fixed-income markets once again as traders bet the Federal
Reserve is done raising interest rates, but aren t quite sure
that it won t still break the U.S. economy. Case in.
Analysis-Investors turn risk-on for some junk debt but not all streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.