Why convertible bonds are cruising «
Rising rate fears and the rally in U.S. stocks to new all-time highs are driving interest in convertible bonds . Specifically, convertible securities have attracted attention from investors looking for limited exposure to equities along with some of the safety features of bonds.
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•Best Buy /quotes/zigman/219712/delayed/quotes/nls/bby BBY -0.23% shares are tanking after holiday sales disappoint .
•Goldman Sachs /quotes/zigman/188479/delayed/quotes/nls/gs GS +0.63% reports better-than-expected quarterly results.
•J.C. Penney /quotes/zigman/237947/delayed/quotes/nls/jcp JCP -5.51% shuttering more than 30 stores and announces layoffs.
•Marissa Mayer dismisses Yahoo! /quotes/zigman/59898/delayed/quotes/nls/yhoo YHOO -0.25% chief operating officer.
•More bank earnings: Citigroup /quotes/zigman/5065548/delayed/quotes/nls/c C +0.08% shares slip after results cross.
This commentary does not constitute individualized investment advice. The opinions offered herein are not personalized recommendations to buy, sell or hold securities.