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Why the Rate of Fallen Angel Corporate Bonds is ‘Extremely Low’: Goldman Sachs

US companies are fiercely guarding their investment grade credit status, with a remarkably low number slipping into riskier, high-yield tiers, according to a note published by Goldman Sachs Asset Management. The volume of US debt stripped of its investment grade rating, or fallen angels, has reached its lowest level in

US Labor Market Shows Resilience Despite Global Uncertainties

The US labor market defied expectations with a robust performance in September, potentially easing pressure on the Federal Reserve to aggressively cut interest rates. Despite geopolitical headwinds and concerns about a slowing global economy, US employers added a surprising number of jobs, suggesting continued resilience in the face of rising

FTSE Russell to Add Indian and South Korean Bonds to Flagship Indexes in 2025

Global index provider FTSE Russell announced on Tuesday that it will include Indian sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) and South Korean government bonds in its World Government Bond Index (WGBI), both starting in 2025. The decision to include Indian securities, which will represent 9.35%

Japan Equities Struggles for Direction as Earnings Season Kicks Off

After surging to record highs in July, the Nikkei 225 is now at a crossroads, leaving investors on edge as earnings season begins. This crucial period will determine whether the Japanese stock market can maintain its gains for the year amidst a strengthening yen, persistent global economic concerns, and political

Can China Spend Its Way Out of a Slump?

China's economic engine is sputtering. The property market is frozen, prices are deflating, and a record number of young people can't find jobs. Faced with the crisis, Beijing is abandoning its cautious approach and vowing to unleash a wave of fiscal stimulus - injecting an estimated
Can China Spend Its Way Out of a Slump?

High Yield Bonds Outperform as US Economy Shows Resilience: Nuveen

Fears of a looming US recession are receding as economic data points to a more resilient consumer and cooling inflation, according to a note published by Nuveen on September 30. Last week, the U.S. Treasury yield curve continued to steepen, with risk assets broadly outperforming. The investment manager highlights

Lower Interest Rates Fuel Small Business Growth, Says White House

Lower interest rates are good news for small businesses, according to a blog post published by the White House's Council of Economic Advisers (CEA) on September 30. The post highlights how recent reductions in interest rates and new Administration initiatives will benefit thousands of small businesses across the

Japan's Central Bank Can Raise Rates, But Will Proceed Cautiously, Says Dovish Policymaker

Fears of a rapid tightening of monetary policy in Japan are receding, as a dovish member of the Bank of Japan (BOJ) board, Asahi Noguchi, reiterated on Thursday that future rate hikes would be slow and cautious. As reported by Reuters, Noguchi said the BOJ has room to raise interest

Norway's Central Bank Holds Firm on Interest Rates While Europe Eases

While central banks across Europe are beginning to ease their aggressive monetary policies to combat inflation, Norway's central bank, Norges Bank, has opted to keep rates high, according to a note published by Morningstar yesterday. High Inflation and Strong Economy Prevent Cuts Norges Bank is expected to maintain

Initial Jobless Claims and ISM Services PMI Signal Cooling Labor Market, Boosting Fed’s Rate Cut Confidence

New initial jobless claims and ISM Services PMI data released Thursday offer investors fresh insights into the economy, as reported by Yahoo Finance. This week’s flurry of economic indicators, leading up to Friday’s jobs report, has sparked questions about the Federal Reserve’s monetary policy direction. PGIM Fixed