Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Front Running the Fed: Junk-Bond Buyers Score Easy Profits
Front Running the Fed: Junk-Bond Buyers Score Easy Profits
They are among the companies most devastated by the pandemic, like casino operator Golden Nugget Inc. and Royal Caribbean Cruises Ltd.
Yet in a stark sign of how the Federal Reserve has swept away normal standards of risk, investors are pouring billions into funds that buy up the debt of such companies -– all rated junk and, in many cases, distressed.
We added little JNK last wk also...watching and waiting
Comments