The ECB said it could increase QE when most market participants think its next move will be to shrink bond-buying.
Next Up: Foreign Central Banks Could Move Treasuries; or Not
Bond strategists don't think the ECB and BOJ will say much new, but even a subtle change in tone could move the Treasury market.
Fitch: Oil and Gas Ratings Should Be Stable with Crude at $45
Even E&P firms rated below investment grade can have "resilient" margins and cash flows at $45 oil.
High Yield Bond ETF Hits New High, Now Yields Less than 5{c97747fc6669eeabccae72a612b98144a9761deaf7841779826c1625931c3d62}
Strategists worry high yield bonds are overvalued as prices follow equities higher and yields fall.
Morgan Stanley Hikes Dividend 25{c97747fc6669eeabccae72a612b98144a9761deaf7841779826c1625931c3d62}; Yield to Climb Above 2{c97747fc6669eeabccae72a612b98144a9761deaf7841779826c1625931c3d62}
The investment bank also upped its share buyback program.
Housing Starts Rebound in June
Housing starts staged a heartening rebound in June and a dismal report from May was revised higher.