United States

Exchange-Traded Funds

Credit woes heap more pain on high-yield U.S. bonds

High-yield U.S. bonds suffered more pain on Thursday as major junk bond exchange-traded funds fell to the lowest level since February 2016 and an index for credit insurance protecting against exposure to junk bonds widened to a nine-year high.

People wear masks at the international terminal at LAX airport in Los...

Corporate credit risk heightens as coronavirus impact spreads

Investor worries about corporate credit are heating up as the coronavirus spreads, with the prices of bond funds taking a hit, companies starting to draw on credit lines and some market watchers warning of the possibility that investors pull out of products.

Mnuchin says IMF and World Bank funds won't repay debts to China

The U.S. Treasury is working with the International Monetary Fund and the World Bank to gain full transparency of countries' debts from China's Belt and Road infrastructure initiative and ensure that funds from the institutions are not used to repay China, Treasury Secretary Steven Mnuchin said on Wednesday.

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