UPDATE 3-U.S. junk bonds fall despite unprecedented Fed stimulus
Prices of the riskiest U.S.
corporate bonds fell on Monday as investors bet that the Federal
Reserve’s pledge to backstop an unprecedented range of debt
would not materially change the outlook for less financially
stable companies, particularly those at risk of default.
corporate bonds fell on Monday as investors bet that the Federal
Reserve’s pledge to backstop an unprecedented range of debt
would not materially change the outlook for less financially
stable companies, particularly those at risk of default.
Posted by Reuters
