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Recently, downticks in Treasury yields are being met with selling pressure in value indexes and stocks. The stock market can’t make up its mind. Does it want high yields or low yields? This confusion is because inflation numbers are rising and interest rates are falling, which ...
Since last November’s vaccine news, financial markets have been "hanging ten" on a swell of cyclical, value and small-cap stocks, and rising Treasury yields. Crosswinds started to grow in the second quarter, however, as economic and inflation data ran hot: rising yields stalled...
We’ve moved past the early-cycle environment that predominated risk taking in 2020, post the pandemic lows, and we’re moving really into a mid-cycle environment, which tends to be constructive for risk. This mid-cycle environment is still going to be expansionary, albeit...
The US high yield market has seen a strong comeback since its panic-driven downturn at the onset of the COVID-19 pandemic. But as today’s economic recovery gathers steam, a new fear has seized investors: rising bond yields. Bonds are sensitive to interest-rate movements, and in...
Growth-oriented asset classes are likely to shine, but not equally. Above-trend growth is a supportive environment of risky assets like equities or credit. On valuation grounds, equities are looking a little cheaper. Geraldine Sundstrom and Erin Browne discuss PIMCO’s views...
Longer-term bond yields have fallen recently, seeming to indicate that investors believe that economic growth is not that strong and that inflation will not be a major factor. This attitude shows up in the flattening of the Treasury yield curve, which now projects that future short-te...
Within the non-investment grade credit markets, issuer default rates are an important driver of market and portfolio performance. We believe 2020 ended the credit cycle that began following the global financial crisis, with 2021 marking the start of a new cycle. The duration of th...
The major equity indices had their worst week since early January - mostly on inflation concerns and a hawkish FOMC that signaled an increase in rates may come sooner than expected. On Friday, stocks took another leg lower after St. Louis Fed President James Bullard said that he expec...
PHILADELPHIA, PA / ACCESSWIRE / July 12, 2021 / The following Aberdeen Standard Investments U.S. Closed-End Funds announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on July 30, 2021 to all shareholders of record a...
After unprecedented activity in corporate debt borrowing last year, corporations could be on the verge of a capital spending boom for the rest of the year and beyond, Janus Henderson figures in its annual Corporate Debt Index.Companies, which hardly issued any new debt 2021 to ...
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PHILADELPHIA, PA / ACCESSWIRE / July 26, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP) , announces today that shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) ("FAM" or the "Acquired Fund") advised by First Trust Advisors L.P. have app...
2024-07-25 05:00:37 ET Few people pay much attention to the management team of a closed-end fund (CEF). But it’s becoming a much more critical factor driving CEF upside (and downside!), as well as these funds’ 8%+ dividend payouts. I was reminded of this recently by a ...
abrdn Income Credit Strategies Fund (NYSE: ACP) (“ACP” or the “Acquiring Fund”) and First Trust High Income Long/Short Fund (NYSE: FSD) (“FSD” or the “Acquired Fund”) announce today the completed reorganization of the Acquired Fund wit...