FYI: (Clkick On Article Title At Top Of Google Search)
Large asset management firms’ shares rebounded Tuesday from their deepest selloff in years, bouncing back alongside the U.S. junk bond market.
The rally is the latest twist in the market for corporate high-yield debt, which has been hit hard in recent weeks amid a deepening energy bust and intensifying concern about liquidity, a measure of investors’ capacity to quickly buy and sell bonds without materially affecting prices. Adding to the distress: concerns about how bonds will perform as the Federal Reserve embarks as soon as Wednesday on its first cycle of rate increases since 2006.
Regards,
Ted
https://www.google.com/#q=Large+Asset+Managers+Follow+Rebound+in+Junk+Bonds+wsj
