Business & Finance



Junky Loans Surpass Junk-Bond Market as Investors Chase Higher Yields

On Wall Street, junky loans have overtaken junk bonds. Fitch Ratings said Monday that loans to companies with low credit ratings — known as leveraged loans — climbed to $1.22 trillion outstanding in May. That figure, up 20% from a year earlier, outstripped the junk-bond market, which slid by 1% to $1.21 trillion in May from the


Here’s how junk bonds became a ‘quiet haven’ for investors, says BAML

Are junk bonds a “new safe haven” for investors? That question comes from Oleg Melentyev, an analyst at Bank of America Merrill Lynch, who wrote a note last week in an effort to explain the resilience of high-yield corporate debt, or junk bonds, in a turbulent year for financial markets. Granted, it might sound odd



U.S. oil benchmark ends lower as Atlantic storms threaten energy demand

U.S. benchmark crude prices ended lower Monday on growing concerns that storms churning in the Atlantic will hurt energy demand on the U.S. East Coast. Global benchmark crude prices, however, continued to climb on expectations that renewed sanctions on Iran will tighten the world’s supply of oil. October West Texas Intermediate crude CLV8, +0.04% the