| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for Indexes > News item |
Bear Stearns Index up 1.37% in week, up 4.31% YTD
By Peter Heap
New York, Nov. 16 - The Bear Stearns High Yield Index turned in another strong gain in the week to Nov. 15, its sixth straight weekly rise in the continuing climb after the sharp losses after the Sept. 11 terrorist attacks.
In the most recent week, the index saw a return of 1.37%, following a gain of 1.08% the previous. week. Year to date, the index is now up 4.31%.
The latest index figures show a yield to worst of 13.35%, improved from 13.73% the previous week and a sharply better spread to worst of 919 basis points against 1,004 basis points the week before.
Overall the index covered 1,407 issues with a market value of $292.10 billion compared to 1,407 issues with a market value of $289.16 billion a week earlier.
By broad sectors, telecommunications was the best performing group, up 4.16% in the week. Technology was the best performer the previous week.
However telecommunications remains the weakest on a year-to-date basis, having lost 28.66%, according to Bear Stearns. The only other broad sector in negative territory is transportation at negative 8.59%.
Transportation was also the worst performing sector in the week, declining 2.48%.
Year to date, the best performing sector is consumer non-cyclicals, up 28.98%.
Looking at narrow industry classifications, the best performer was the ESMR and PCS sector of telecommunications, up 7.37% on the week. The previous week, insurance took the number one position.
Worst was airlines, down 4.75%. The week before, the towers component of telecommunications came bottom.
Year to date, motion picture exhibitors are the leaders with an 84.65% return.
Bottom of the pile is broadband access and internet services, down 75.34%.
End
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.