憂泡沫! 美垃圾債投資人加速逃亡-----Worry bubble! US junk bond investors fled to accelerate

【經濟日報╱記者廖玉玲╱即時報導】
2014.08.08 08:59 am

已走了多年多頭的美國垃圾債市場資金加速出走，上周美國垃圾債共同基金和ETF遭投資人贖回的金額創歷來最高，反映出投資人擔心市場已泡沫化。

根據基金研究業者理柏（Lipper）資料，截至6日（周三）為止的一周內，投資人從這類基金贖回71億美元，刷新去年6月上旬所創下的46億美元紀錄。今年來贖回金額累計已達97.5億美元。

投資人陸續撤出垃圾債市場，主要著眼於美國經濟轉強，可能讓聯準會（Fed）的升息時間比市場預期更早。

根據巴克萊（Barclays）的一項指數，截至周三美國垃圾債平均殖利率為5.8%，上個月還不到5%。債券殖利率上揚時，價格下跌。

垃圾債是財務狀況不佳的公司所發行的債券，收益率通常較高。

【2014/08/08 經濟日報】@ http://udn.com/
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[Economic Daily News reporter Liao Yuling ╱ ╱ immediate reports]
2014.08.08 08:59 am

Been gone for many years American junk bond bull market funds to accelerate away, junk bond mutual funds last week, the United States and the ETF investor redemption amount was the highest ever record, reflecting investors worried the market has bubble.

According to fund research industry Lipper (Lipper), as of the week (Wednesday) until the 6th, investors redeemed $ 7.1 billion from these funds, refresh in early June last year, the record of $ 4.6 billion records. This year has reached a total redemption amount to $ 9.75 billion.

Investors continue to withdraw junk bond market, the main focus on strengthening the American economy, the Fed might make (Fed) rate hike earlier time than the market expected.

According to Barclays (Barclays) is an index, as of Wednesday the U.S. junk bonds average its yield 5.8% last month, less than 5%. When bond yields rise, prices fall.

Junk bonds are bonds issued by the company's poor financial condition, the yield is usually higher.

[2014/08/08 Economic Daily News] @ http://udn.com/
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