Business

Rates rise, Tech Pullback Pummel convertible bonds


The fallout of a boom in the pandemic that bonds could turn into stocks is punishing investors and pressuring some fast-growing companies to start turning a profit.

New sales of so-called convertible bonds have dried up, and ICE BofA The US Convertible Index is down about 20% this year, roughly on par with the S&P 500.



Source link

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button