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/quotes/zigman/33772884/delayed 1,193 +35 3.02%
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/quotes/zigman/2260836/delayed 30.39 -0.50 1.62%
FTSE 100
/quotes/zigman/3173262/delayed 5,703 -145 2.48%
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/quotes/zigman/1859015/delayed 2,763 -18 0.63%
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Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
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/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.12%
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/quotes/zigman/16008150/realtime/sampled 115.42 -1.45 1.24%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 -0.01 0.69%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.06%
DXY Index
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WSJ $ Idx
/quotes/zigman/41508961/realtime 89.73 -0.08 0.09%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.75 -0.09 4.81%
German 10y
/quotes/zigman/15866409/realtime 0.22 -0.07 24.99%
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Spain 10yr
/quotes/zigman/15866444/realtime 1.76 +0.11 6.81%
U.K. 10yr
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FB /quotes/zigman/9962609/composite 99.51 -4.56 -4.38%
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You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
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Airline 15.17% 15.16% 15.10%
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Investors Bail on Junk Bonds

Investors ditched junk bonds for the fourth week in a row, apparently spooked by the European debt crisis and signs of more sluggish economic growth in the U.S.

AGphotographer / Shutterstock.com

High-yield bond mutual funds and ETFs lost $2.9 billion in the week ending June 6, according to fund researcher Lipper. The bulk of that, $2.1 billion, was pulled out of mutual funds — which are mainly used by retail investors – making it the third highest weekly outflow ever for the category.

Investors are worried about lackluster job growth in the U.S. following May’s disappointing jobs report, advisers say. They are also closely watching the crisis in Europe, concerned that Greece could exit the euro zone after its election later this month. The turn away from high yield may have also be a sign investors are still shaken by a large move from an institutional investor last month that led to outflows for all high-yield ETFs for the week, analysts say.

To be sure, high-yield funds are better equipped to handle large moves because they’re bigger than they were in recent years. There are $26 billion in high-yield ETFs, close to an all time high of $29 billion reached in early May, according to Lipper.  Still, “these moves are rare,” says Brad Durham, managing director at EPFR Global, a fund research firm.

In the week ending May 16, one institutional investor pulled $788 million out of the $10.5 billion SPDR Barclays Capital High Yield Bond fund (JNK)– enough to lead to net outflow of $917 million for all high-yield bond ETFs, according to fund tracking firm Lipper. That move reminded investors the degree to which institutional players can impact markets with large trades, says Jeff Tjornehoj, a senior research analyst at Lipper. Prior to that move, high-yield ETFs had only one week of outflows for the year.

Experts say the redemption that scared off investors wasn’t a true outflow from the fund.  Instead, the institutional investor redeemed its ETF shares in exchange for the bonds it invested in. Certain institutional investors, so-called “authorized participants,” can create and redeem ETF shares when they own bonds that track the appropriate index. The practice happens on a daily basis, but investors get concerned when they see such large moves from a single institutional player, says Tjornehoj. “There’s always been a concern that your Main Street investor is at a disadvantage relative to the Wall Street investor,” he says. “Some people watch those activities believing that the ‘smart money’ knows something that they don’t.”

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

London Markets Close in:

need to know
BioCryst shars plunge after disappointing study
Apollo Education Group to be taken private
Oil sinks again as fears of oversupply persist
Apple supplier Imagination Tech warns of loss
India is world's fastest-growing major economy
Volkswagen's quality-control chief resigns
White House to ask for Zika research funding
Struggling LeapFrog bought by VTech


Rubio in freefall in New Hampshire betting
Voter turnout in each U.S. state (24/7 Wall St.)
New record of Americans giving up citizenship

These ‘Buffett stocks’ are bargains in this market

Why a selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

Hasbro blows past estimates as Star Wars boosts revenue
Hasbro blows past estimates on Star Wars boost
What to look for from Disney: Star Wars, ESPN

Randgold raises dividend after record output
Rio Tinto, 5 others quit London Metal Exchange
Moody’s cuts rating on W. Australia iron ore

Fundamentals are no longer relevant for gold
Anglo American CEO: Tough 2016 ahead

Venezuela can’t get Saudis to cut oil production
Only place left to invest if ‘Oilmageddon’ hits
Iran sets crude oil export volumes for Europe
Mark Mobius no longer investing in Petrobras


What are the 8 strongest S&P energy stocks?

Why Chipotle will close every store for a few hours on Feb. 8
Chipotle will close every store for a few hours today
VOTE: If not Chipotle, where would you eat?

China’s forex reserves poised for another record drop
China’s foreign-currency reserves drop $99 bln
Will China soon burn through its reserves?
When is China stock market closed for holiday?
Japan's current account surplus quadruples


In U.S., socialism is no longer a dirty word


Bill Clinton blasts Bernie Sanders as ‘the enemy of all things big’
Bill Clinton blasts Sanders as ‘enemy of all things big’
Republican Primary: 3 things to watch


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has done

Polls show Sanders nearly even with Clinton
Why do young voters like Sanders so much?

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3, Model X in focus
Disney, Coca-Cola headline earnings week

Ford to double Mexico factory capacity in 2018
Ford to double Mexico factory capacity

John Bogle dismisses index-fund 'danger'
John Bogle dismisses index-fund ‘danger’

Wanted at Vanguard: A CFO

New refugee crisis looms at Turkey’s border

Soros: EU is ‘on the verge of collapse’
What I learned traveling with Europe’s migrants
Europe wakes up to the danger of immigration


Lehman Brothers lives on,
as a spirit

N. Korea faces new sanctions after rocket test
North Korea fires long-range rocket
The 6 most corrupt countries in the world


Investors dump stocks, scoop up bonds for 5th straight week
Investors again dump stocks, scoop up bonds
FANG stocks take big bite out of Nasdaq

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise


/conga/frontpage.html 367324

Markets »

45.92MDow Volume:
Avg Vol: 128.61M
Unchanged
104
Decliners
5231
Advancers
879
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,843 -362 2.23%
Nasdaq
/quotes/zigman/12633936/realtime 4,240 -123 2.83%
S&P 500
/quotes/zigman/3870025/realtime 1,837 -43 2.28%
GlobalDow
/quotes/zigman/629063/realtime 2,094 -45 2.11%
Gold
/quotes/zigman/33772884/delayed 1,192 +34 2.94%
Oil
/quotes/zigman/2260836/delayed 30.07 -0.82 2.65%
FTSE 100
/quotes/zigman/3173262/delayed 5,700 -148 2.53%
DAX
/quotes/zigman/2380246/delayed 9,005 -281 3.03%
CAC 40
/quotes/zigman/3173214/delayed 4,073 -128 3.04%
FTSE MIB
/quotes/zigman/1482176/delayed 16,544 -707 4.10%
IBEX 35
/quotes/zigman/2759620/delayed 8,155 -344 4.05%
Stoxx 600
/quotes/zigman/2380150/delayed 315 -10 3.21%
Asia Dow
/quotes/zigman/6959860/realtime 2,512 +2 0.08%
Nikkei 225
/quotes/zigman/5986735/delayed 17,004 +185 1.10%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,287 -330 1.34%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.22%
Yen
/quotes/zigman/16008150/realtime/sampled 115.40 -1.47 1.26%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 -0.01 0.59%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 97.09 +0.04 0.05%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.73 -0.08 0.09%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.75 -0.09 4.72%
German 10y
/quotes/zigman/15866409/realtime 0.22 -0.08 25.23%
Italy 10yr
/quotes/zigman/15866497/realtime 1.70 +0.14 9.12%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 +0.11 6.81%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 -0.15 9.76%
Japan 10yr
/quotes/zigman/15866525/realtime 0.04 +0.01 25.61%
Crude Oil
/quotes/zigman/2260836/delayed 30 -1 2.65%
Gold
/quotes/zigman/33772884/delayed 1,192 +34 2.94%
Corn
/quotes/zigman/25518691/delayed 365 -1 0.27%
DJIA F
/quotes/zigman/48241424/delayed 15,807 -324 2.01%
S&P F
/quotes/zigman/43106711/delayed 1,839 -36 1.93%
Silver
/quotes/zigman/32655632/delayed 15 +1 3.80%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.41 -4.66 -4.48%
AAPL /quotes/zigman/68270/composite 93.76 -0.26 -0.28%
GOOG /quotes/zigman/59527964/composite 670.37 -13.20 -1.93%
BAC /quotes/zigman/190927/composite 12.17 -0.78 -6.02%
C /quotes/zigman/5065548/composite 37.96 -1.90 -4.77%
F /quotes/zigman/264304/composite 11.36 -0.10 -0.83%
T /quotes/zigman/398198/composite 36.75 -0.14 -0.37%
BP /quotes/zigman/247026/composite 29.57 -0.89 -2.92%
GE /quotes/zigman/227468/composite 27.89 -0.65 -2.29%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

Top 3 from Barron's

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  1. 1.
  2. 2.
  3. 3.

Visit Barrons.com

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