Markets am: Stocks mixed as bond yields hit fresh highs, FTSE 10...

 
 
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Thursday August 22 2013
 
 
Markets
 
Stocks mixed as bond yields hit fresh highs
 
Upbeat Chinese flash PMI not enough to rescue markets from bearish grip as borrowing costs hit fresh 2-year highs.
 
 
 
FTSE 100 gains led by miners and banks
 
London's main equities market rise after three sessions of losses, with miners and financials delivering most weight to the upside
 
 
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Video
 
A hunk of junk
 

Since May Treasuries have lost more than corporate bonds, which have lost more than junk bonds. Investment editor James Mackintosh explores junk bonds' performance when the rate cycle turns and warns that a bet on them comes with a smaller margin of safety.

 
 
 
 
 
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