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Stock impact report

Wynn, NCR deals a sign of yet more risk returning to bond market [Reuters]

Wynn Resorts, Limited (WYNN) 
Last wynn resorts, limited earnings: 2/6 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: wynnresorts.com
Company Research Source: Reuters
Wynn, NCR deals a sign of yet more risk returning to bond market NEW YORK, April 7 (Reuters) - U.S. casino operator Wynn Resorts Ltd and automated teller machines maker NCR Corp jointly raised $1 billion on Tuesday, in the first unsecured junk-rated bond offerings since the market was roiled by the coronavirus outbreak at the start of March. The offerings indicate investor appetite for risk is gradually returning in the market for new corporate debt rated below investment grade. The so-called high-yield market has been supported by the Federal Reserve’s pledge to backstop the investment-grade market, according to Bill Zox, chief investment officer of fixed income at Diamond Hill Capital Management. “It opens up the new issue market on the investment-grade side, which then gives high-yield investors some confidence that the market can absorb new issuance,” said Zox. Wynn, which issued a warning on Feb. 28 about the potential impact of the coronavirus on earnings, sold $600 million in n Show less Read more
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