(Bloomberg) -- Owning the debt of U.S. homebuilders
is the riskiest investment among high-yield corporate bonds amid
the specter of inflation and an unstable mortgage finance
market, according to a Morgan Stanley report.
The extra yield that homebuilders with junk-rated status
must pay investors to own their bonds instead of Treasuries rose
1.07 percentage points to 4.53 percentage points in the 30 days
ended July 6, Morgan Stanley data show. That compares with a
0.44 percentage point increase to 2.96 percentage points for the
average junk-rated issuer, Morgan Stanley said.
Read more at Bloomberg Bonds News
is the riskiest investment among high-yield corporate bonds amid
the specter of inflation and an unstable mortgage finance
market, according to a Morgan Stanley report.
The extra yield that homebuilders with junk-rated status
must pay investors to own their bonds instead of Treasuries rose
1.07 percentage points to 4.53 percentage points in the 30 days
ended July 6, Morgan Stanley data show. That compares with a
0.44 percentage point increase to 2.96 percentage points for the
average junk-rated issuer, Morgan Stanley said.
Read more at Bloomberg Bonds News
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