Homepage / Investment / Investors are fleeing junk bonds in near record numbers, a troubling signal for the stock market
Unlock your dating prospective with chinese girls dating Meet your perfect match regarding most readily useful black lesbian dating websites 35 Great methods to Meet A Memphis MILF in 2021 that actually work Hiltonbet Giriş, Hiltonbet Güncel Giriş 2024 Tropicana Casino and Resort, Atlantic City, ABD Celtabet Giriş Adresi Celtabet Giriş Adresi Bilgileri Orhangazide Şehir İçi Ana Yol Göl Ve İznik Yoluna, EDS Formülü çözüm olur mu? What is moving? a short introduction toward lifestyle Zibilyonbet Bahis Sitesi Resmi Zibilyon Giriş Adresi Yasa dışı bahis Süper Lig’e sızdı! Galatasaray’ın sponsorluğu ortalığı karıştırdı Spor Haberleri Siirtte Yüksek Kesimlerde Kar Yağışı Paper Lanterns Ta ücretsiz çevrimiçi Casino Oyunları Ve Slot Makineleri Nell Küçük Ev Aletleri Experience the thrill of brisbane swingers dating Discover your perfect match with bisexual hook up now Find your perfect match: older women looking for young men Qu’est-ce que c’est exactement Perdu dans Rencontres en ligne : Persistance what’s gay cam chat? Бонусы в игровых автоматах 7к – особенности Personne copain Finder vs Friend Finder X: Site de rencontre examen pour 2020 BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING 8 Fabulously Gay-Friendly & Gay Resorts In Tx To Test In Your Next Gaycation! Лучшие тайтлы онлайн казино леон: топ новинок Picking a gaming platform 7Slots in the virtual space for real cash gaming: essential characteristics Meet other lesbianas and discover your perfect match Аркада Казино (Arkada Casino) Игровой Онлайн Клуб How To Locate The Very Best Transgender Online Dating Sites – Hookup Guide Find your perfect match: bi ladies seeking couples SLOT PULSA SITUS SLOT DEPOSIT PULSA 10 RIBU TANPA POTONGAN SEKALI SPIN MAXWIN Sports Betting Bet on Sports Online in South Africa Slot Entertainment Without Funding an Account in a Trusted Virtual Club Составление обзора казино в виртуальном формате Le Jeu en Ligne en France: Casinos en Ligne et leur Rфle dans l’Industrie Moderne des Jeux d’Argent Mostbet App A Convenient And Reliable Way To Place Bets Masjid Al-Huda Mranggen Demak Lemon Casino recenzja nowego polskiego kasyna Atrakcyjne bonusy i wysoki RTP! MostBet Bangladesh BD ᐉ Official Site Most Bet Casino and Sport Betting Lil Nas X calls out the BET Awards in his new single He has a point : NPR Most readily useful Adult Internet Dating Sites | FreeHookupsSites Unlocking the secrets of craigslist m4m green bay dating Just what comes in 66 sizes and vegan latex? Brand new generation of condoms | Sex | 8 Brands & Generics Human Growth Hormone HGH Injections Find local black hookups near you what’s ssbbw chat? About Japanese Dating society and also the west Guy who would like to Date a Japanese woman – MeetKing Blog 9 Guidelines On How To Hook-up On College Gameday (At Any College) Leading Live Casino Games Provider Leading Live Casino Games Provider Pin Up Slotlarýyla Eðlence ve Para Kazanma Bir Arada The core concept of digital entertainment hub AbeBet: signature points and groups Live-сессии с дилерами в онлайн-казино azino777 How Online Gambling Enterprises Operate Around the World Meet compatible single mothers and exchange ideas official site Play airplane online Ritalin: Jak legálně zakoupit bez receptu v České republice Connect with suitable asian singles in your area How-to Date A Pornstar While Making It Operate (The Ultimate Guide) Buy Bitcoin with Credit Card or Debit Card Instantly Buy Bitcoin How to buy BTC Finding trans girls near you – the simplest way to hookup Connect with like-minded singles on a mennonite dating website Assortment of in-demand games respected casino platform abe bet casino in cyberspace Connect with girls from round the world Alexander Gambling establishment: Dйcouvrez une Nouvelle Expйrience de Jeu en Ligne Le meilleur Extra casino en ligne pour jouer BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING The simplest way to get a local hookup what’s millionairess dating? Get prepared to connect to latinas whom share your interests Estonian Chat place – an ideal Place for Dating Estonian Singles Join our bisexual chat room now and commence connecting Discover the advantages of dating a mature mom latina How to discover the best bbw hookup app for you Title: Juega en 1Win Casino Argentina Bonos y Apuestas 5 Best BBW Lesbian Dating Apps/Sites In 2022 Online Gambling Review submissions dia govt.nz Разыгрываемые джекпоты в виртуальном клубе Вулкан казино 30 Of The Greatest Adult Sex Toys For Males | Men’s Room Health Mag Australian Continent Cazino 7 slots cyberspace: conditions and rules for betting with real cash 1Win: ¡el mejor lugar de casino y apuestas deportivas de Argentina! Aufcasino Kde zakoupit Stromectol online: Kompletní průvodce ????Mature Dating Evaluation 2023 – Whatever You Need To Know About It! ???? Take the first step towards fulfilling your ebony lesbian bbw match now Ideas on how to come-out: Tips to keep in mind > Taimi Meet your perfect match – granny hookup site Türkiye-Çin İşbirliği Derinleşiyor GuGi Mobil Yükleme Seçenekleri Hizmet İçi Eğitim Sona Erdi Dooball tv ดูบอล ออนไลน์ สด 66 ลิงค์ บนมือถือ ฟรี ภาพชัด HD ทั่วโลก Find your rich cougar date in the most useful dating site Find your dream fat girl hookup today Slot Thailand Daftar Link Situs Slot Gacor Maxwin x500 Terbaru Hari Ini Resmi Auto Jackpot! Konsultasi ke Dewan Pers, Komisi I DPRD Jambi Pertanyakan Indeks Kemerdekaan Pers Jambi yang Turun Akses News Cerita Korban Judol di Balikpapan yang Nekat Gelapkan Uang How to get local horney women in your area 3 Cara Hapus Akun Judi Online Slot : Okezone Economy

Investment

Investors are fleeing junk bonds in near record numbers, a troubling signal for the stock market

Though stock market prices have held up in November, investors generally are running from risk at a near-record pace.

Judging from the flow of money out of high-yield bonds, investors are getting increasingly leery of a market that continues to hover around record levels, despite a handful of rough trading sessions in November and a rocky start Friday.

Funds that track junk bonds saw $6.8 billion of outflows over the past week through Wednesday, according to Bank of America Merrill Lynch. That’s the third-highest on record.

The sector is considered a key proxy for the stock market, with performance that has followed almost a perfect correlation with the S&P 500 in terms of direction. Bonds are normally thought as a safe-haven trade that benefits when stocks weaken, but high-yield represents a risk similar to equities.

The correlation in 2017 has varied: September was the high for the year at 76 percent, while June was just 42.4 percent, according to DataTrek Research. (100 percent would mean the assets move exactly in tandem.)

Despite the stock market rally, returns for high-yield this year are muted, with the iShares iBoxx $ High Yield Corporate Bond ETF up just 1.1 percent. The ETF has seen $1.4 billion in outflows over the past month, according to FactSet.

However, there’s some optimism that the selling will be short-lived. Citigroup analyst Michael Anderson thinks high yield will rebound heading into the end of the year.

“Month to date, there have been more block-sized client buys than sells. This indicates to us that positioning is supportive and cash balances are fairly robust,” Anderson said in a note to clients. “With a light pipeline ahead, we believe investors will not be looking to make room for new issues.”

Funds that focus on stocks took in $3.2 billion for the week. However, that was distorted by a huge inflow of $9.9 billion into exchange-traded funds, while longer-term mutual funds suffered $6.7 billion in outflows, the most of 2017.

Investors were focused on safety, with investment-grade bonds gathering $4.8 billion in flows while Treasury Inflation-Protected Securities took in $400 million, the best showing in 38 weeks.

WATCH: High-yield bonds have a long history as a market tracker.

Source: Investment Cnbc
Investors are fleeing junk bonds in near record numbers, a troubling signal for the stock market

Comments are closed.