Reuters

By Matt Tracy

(Reuters) - Spreads on U.S. high yield bonds, or the premium companies pay over U.S. Treasuries, remain tight despite a pick-up in distress within the asset class, as investors see the majority of issuers weathering higher-for-longer interest rates.

Elevated rates and persistent inflation have eaten into the bottom lines of many U.S. corporate borrowers, particularly those with high leverage and lower credit ratings.

By Nell Mackenzie

LONDON (Reuters) - Hedge fund Exodus Point was up about 2% for the year to the end of March, according to a letter it sent to investors, benefiting from a bond market basis-trade that has regulators worried about financial stability risks.

Basis and rates trading form over a fifth of the trading strategy's risk allocation at the $11.8 billion fund, the letter seen by Reuters this week showed.

Exodus Point... (continue reading...)

By Sabrina Valle

HOUSTON (Reuters) - A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners attended by dozens of shale executives.

The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining the board of Exxon Mobil, which is... (continue reading...)

By Phil Stewart and Idrees Ali

WASHINGTON (Reuters) - Russian military personnel have entered an air base in Niger that is hosting U.S. troops, a senior U.S. defense told Reuters, a move that follows a decision by Niger's junta to expel U.S. forces from the country.

The military officers ruling the West African nation have told the U.S. to withdraw its nearly 1,000 military personnel from the country, which until a coup last year had... (continue reading...)

By Daphne Psaledakis

WASHINGTON (Reuters) - The United States will provide nearly $55 million to address a dire humanitarian crisis in Burkina Faso, U.S. aid chief Samantha Power will announce on Thursday, according to a statement seen by Reuters.

The aid will address emergency food and nutrition needs as well as other support, Power said. The funds will bring the U.S. Agency for International Development's total emergency aid to Burkina... (continue reading...)