Junk bonds are poised for their biggest weekly gains since May. Investors will turn their attention Friday to May’s job report for signs that the labor market is cooling.
- US junk bonds are poised to break the two-week losing streak and score the
biggest weekly gains since early May after rallying for six straight sessions, the longest in three months. Yields have dropped 12 basis points over the week’s four sessions to close below 8% - Forecasters expect the US employment report for May will add new evidence the labor market is
gradually cooling , even as hiring rebounded compared to ...
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