|Day's Range||115.05 - 115.48|
|52 Week Range||107.74 - 118.14|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
Moody's Investors Service downgraded China's long-term debt ratings late Tuesday to A1 from Aa3. The credit ratings, for local-currency and foreign-currency issuers, remain solidly in investment-grade territory. Here are excerpts of the explanation from Moody's: "... While ongoing progress on reforms is likely to transform the economy and financial system over time, it is not likely to prevent a further material rise in economy-wide debt, and the consequent increase in contingent liabilities for the government.
Russia's indirect stake in three U.S. Citgo refineries, now owned by the nearly-bankrupt Venezuelan government, likely will be studied as a confidential matter by the Committee on Foreign Investment in the United States, Treasury Secretary Steven Mnuchin said Thursday in a U.S. Senate committee hearing. Mnuchin is chairman of the CFIUS. In questioning before the U.S. Senate Banking, Housing and Urban Affairs Committee, Mnuchin acknowledged an April letter on the subject from six U.S. senators including Sen. Robert Menendez, a Democract from New Jersey.
The yield on the 10-year Brazilian treasury bond is flat today at 10%, but asset manager Invesco recommends profit-taking in Brazil debt on fear that a fresh scandal could unseat yet another leader. The Brazilian real has slumped more than 7% in value against the U.S. dollar today on allegations that President Michel Temer approved a payment to silence the former speaker of the Brazil house, now in jail after masterminding former President Dilma Rousseff's impeachment. Temer denied the charge, which surfaced late Wednesday as part of a corruption investigation at Brazilian meat producer JBS (JBSAY).