Stocks eked out gains amid Fed-watching, continued mergers and acquisitions, and the ongoing Greek debt crisis.
Interest rates appear poised to rise further over time as the economy improves, creating an environment in which high yield should continue outperforming investment-grade.
New and existing home sales and pricing data were positive this week, but a rush to beat rising rates may taper in a few months, says Morningstar's Bob Johnson .
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With most of the debt now being held by institutions, contagion is no longer a concern, says Morningstar's Bob Johnson .
The global stakes surrounding the latest Greek flareup are different than they were a few years ago. Plus, the Fed seeks to soothe, a court raises questions on bailouts, and more.
Rising rates have pushed bond indexes into the red this year, but high-yield bonds, helped by tightening credit spreads in energy, have bucked the trend.
Friday's employment report will likely bring another good, but not great, headline number; however, workers should finally see some wage growth, says Morningstar's Bob Johnson .
New data show the U.S. manufacturing sector looking better, but don't expect a return to robust growth, says Morningstar's Bob Johnson .
May's better-than-expected employment report will likely lead to a boost in rates as early as September, says Morningstar's Bob Johnson .