The quality of BBB corporate bonds has deteriorated in some places, but a few managers have continued to add exposure.
Baird's Mary Ellen Stanek says strengthening cyclical forces in the U.S. are facing secular headwinds that may dampen economic growth.
The metric can provide guidance, but not certainty.
Bond Fund Investing
09-11-2018 14:47:07 PM ET
The August employment report showed the strongest year-over-year increase in average hourly earnings since May 2009. To be exact, average hourly earnings increased 2.9%. That is good news. Why, then, did the stock market act as if it wasn't?...
The Market at 15:07 ET10-Year: -15/32…3.046…EUR/USD: 1.1663USD/JPY: 112.35
Treasury Market Stands Its Ground
- -- 10% tariff on $200 billion worth of imports from China to go into effect on September 24, increasing to 25% in January
- -- September NAHB Housing Market Index (actual 67; Briefing.com consensus 66; prior 67)
- -- July Net Long-Term TIC Flows (actual $74.80 bln; prior -$36.50 bln)
09-12-2018 17:26:13 PM ET
The Week in Review/Week Ahead
Corporat debt outstanding hit a record-high $9.06 trillion in the first quarter, according to the Federal Reserve's Z.1 report on the Financial Accounts of the United States. That's a big number,...