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Top related persons:
Yuri Seliger - 4 Seliger - 2 outflows - 1 Bond - 1 Stephen Laipply - 1 Laipply - 1 Carlo Allegri - 1 Matt Tracy - 1
Top related locs:
LQD BlackRock Manhattan New York City , New York U.S 11.24x Wall Silicon
Top related orgs:
Bank of - 2 Bank of America - 2 HG - 1 HY - 1 — - 1 JPMorgan - 1 Corporate - 1 Federal - 1

Search resuls for: "Yuri Seliger"


6 mentions found


☆ Investors load up on bonds and bitcoin ahead of the U.S. presidential election
  + stars: | 2024-11-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +1 min
Investors have been heavily buying two very different categories of assets ahead of next week's election: bonds and bitcoin . Bank of America credit strategist Yuri Seliger highlighted a shift toward bond buying among fund investors over the past week. A look at the list of most popular ETFs on FactSet over the past week shows that the demand for bonds has been broad across categories. Funds for investment grade corporate bonds, municipal bonds, mortgage backed securities, long-term Treasury bonds and high yield bonds are all in the top 20 funds by inflows over the past week. The iShares Bitcoin Trust ETF (IBIT) has raked in more than $2 billion of inflows over the past week, according to FactSet.
Persons: Yuri Seliger, Seliger, outflows Organizations: Bank of, HG, HY, Bank of America, —, JPMorgan
☆ Investors are shifting into this type of bond fund at the fastest pace in three years
  + stars: | 2024-01-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
"Bond fund / ETF flows tend to follow returns with about a month lag. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is the top bond ETF by inflows with more than $4.5 billion month to date, according to FactSet. Another notable fund is the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) , which has brought in more than $2 billion. "People have definitely been allocating to investment grade. How fixed income investors react to expected rate cuts from the Federal Reserve is a key question in 2024.
Persons: Yuri Seliger, Bond, Seliger, Stephen Laipply, Laipply Organizations: Bank of, Corporate, Federal Locations: LQD, BlackRock
☆ US companies' debt cushion smallest since Q1 2021 :BofA
  + stars: | 2023-11-08 | by ( Matt Tracy | ) www.reuters.com   time to read: +2 min
Coverage ratios hit their lowest since the first quarter of 2021, when companies in many sectors struggled with pandemic-related supply cost increases and weak demand. Median year-over-year earnings growth jumped 4.2% in the third quarter, from 0.6% in the second quarter, according to BofA Global. The median cost of debt increased to 3.77% in the third quarter from the second quarter - its highest since the fourth quarter of 2018. Companies' gross debt was little changed, but net debt growth turned negative for the first time since the third quarter of 2021. "(Investment-grade) issuers continued to manage their balance sheets conservatively in 3Q," wrote Yuri Seliger, credit strategist at BofA Global.
Persons: Carlo Allegri, Yuri Seliger, Matt Tracy, Chizu Organizations: New York Stock, REUTERS, BofA Global Research, BofA Global, Companies, BofA, Thomson Locations: Manhattan, New York City , New York, U.S, 11.24x
☆ The $1 trillion of high yield debt that's piled up in the last 5 years is about to have a 'day of reckoning,' Bank of America says
  + stars: | 2023-08-18 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
There's around $1 trillion of private debt that's headed for potential trouble, Bank of America warned. Most of that debt has been created by below-investment grade companies through high yield loans or bonds. The bank estimated around $1 trillion of high yield debt has been accumulated by companies over the past five years, which has largely been created by below-investment grade corporations. Around 25% consists of below-investment grade firms issuing risky high-yield bonds, while 35% consisted of broadly syndicated loans taken out by below-investment grade companies, the bank said. The remaining 40% was classified as private debt.
Persons: Yuri Seliger Organizations: Bank of America, Service, Moody's Investors Service Locations: Wall, Silicon
☆ A big macro issue is waiting to disrupt markets this summer that could cause the Fed to cut rates
  + stars: | 2023-04-20 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
The debt ceiling debacle in Washington has the potential to upend the financial market and prompt the Federal Reserve to cut interest rates, Bank of America warned. The warning followed news that House Speaker Kevin McCarthy, R-Calif. released his plan to raise the debt ceiling by $1.5 trillion for about a year. "Any economic damage could potentially be offset by earlier and/or larger Fed rate cuts. It recently signaled one more rate hike in 2023, while saying rate cuts are not its base case. Bank of America's economists estimated that federal expenditures would fall by 5% of GDP per year if the debt limit is not lifted.
☆ Bank of America shares one area of the bond market set to deliver 13% returns in 2023 — and lays out the drivers of its 'big reversal'
  + stars: | 2022-11-17 | by ( William Edwards | ) www.businessinsider.com   time to read: +4 min
In a note to clients on Monday, Seliger said investment-grade corporate credit in particular is in for a big year. Investment-grade corporate bonds are those rated Baa by Moody's and BBB by S&P and Fitch because they're deemed to have low default risk. "This base case scenario implies a +12.9% total return and +379bps excess return for IG corporate bonds in 2023. Bank of AmericaBank of America's November survey of bond investors showed that both high yield bond investors and investment-grade bond investors expect BBB-rated bonds to outperform most relative to Treasurys in 2023. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) are two ways to gain exposure to investment-grade corporate bonds.
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