(Bloomberg) -- Funds that invest in US corporate high-yield bonds suffered the biggest weekly cash exit since February as concerns that interest rates will stay higher for longer continue to mount.
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New York Mega Mall Has Muni Bond Rating Slashed Deeper Into JunkMunicipal bonds tied to Destiny USA, the biggest shopping mall in New York state, were cut deeper into junk by Moody’s Investors Service on Wednesday because the complex is unlikely to meet a key measure of profitability needed to extend an outstanding loan.
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Breaking down the link between higher bond yields & the US dollarFor the last several weeks, the yield on the 10-year Treasury note (^TNX) has been rising, along with the U.S. dollar (DX-Y.NYB). Yahoo Finance's Jared Blikre explains what is driving both assets are moving higher.
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