Why the jobs report could give the junk-bond market a second wind

Friday’s jobs report could prove pivotal to a high-yield corporate bond market that’s already retraced lost ground since Monday amid rising expectations for more monetary stimulus.

Corporate debt rated below investment-grade, or so-called junk bonds, have made significant gains this week on surging expectations that the Federal Reserve will cut rates to help give steam to an economy shadowed by the prospects for a global trade war. Against this tense backdrop, the jobs report could energize bets for easier Fed policy and spur a further rally for bonds from leveraged issuers. Read More @ https://www.marketwatch.com/story/why-the-jobs-report-could-give-the-junk-bond-market-a-second-wind-2019-06-06?siteid=rss&rss=1

TECHNICAL CHARTS

Fed typically ‘cuts swiftly and does not disappoint market expectations,’ says BAML

Sharpen the Federal Reserve’s rate-cutting sickle.

Market expectations are growing for a cut to benchmark interest rates, which currently stand at a range between 2.25% and 2.50%, and strategists at Bank of America don’t think that the market is going to be disappointed. Read More @ https://www.marketwatch.com/story/fed-typically-cuts-swiftly-and-does-not-disappoint-market-expectations-says-baml-2019-06-06?siteid=rss&rss=1

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

 

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