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'Momentum' Driving Record Credit Sales: Hobbs

Milwood Hobbs, deputy CIO of Oaktree’s Strategic Credit platform, and Meghan Robson, head of US credit strategy at BNP Paribas, join Scarlet Fu on "Bloomberg Real Yield." They discuss the record credit issuance for high-grade US sales in August. (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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US stocks: US market sinks as bond yields rise, Walmart results disappoint

The S&P 500 consumer discretionary sector was one of the biggest drags on the benchmark index, with megacaps including Amazon and Tesla among its biggest index-point weights.

  • U.S. stocks declined as bond yields rose, reducing risk appetite
  • Walmart's quarterly results missed expectations due to high gasoline prices
  • S&P 500 ended lower at 7,642.69 points, Nasdaq dropped 1.00% to 26,067.81

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