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“This is going to hurt”

Financial Times LogoFinancial Times6d ago

“This is going to hurt” - Financial Times

Quick Summary:

The US junk-bond ETFs (HYG and JNK) are down more than 1 per cent, while the investment-grade corporate ETF (LQD) is off about 0.7 per cent.

The dollar’s ensuing strength has contributed to the pound getting crushed, along with all that other stuff.

In fact, investors have yanked cash from every asset class but money-market funds in the past week, according to a different BofA team.


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Article Details

Author / Journalist: Alexandra Scaggs

Category: MarketsFinanceInvesting

Topics: Cent Bank Markets Sites Rates Financial Liquidity Other Data Week Selling

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 16:57:35

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 3 minutes read

Article Length: 435 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 497466

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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