1512 GMT - Corporate bonds within the U.S. energy sector look vulnerable if oil prices fall further, UBS credit strategists say in a note. WTI currently trades at $58.76 a barrel, well below levels above $74 at the start of April due to President Trump's tariff announcements and OPEC+'s recent decision to increase output. U.S. energy bonds within both investment-grade and high yield "are underperforming and we remain cautious," the strategists say, adding that the combination of OPEC's production hikes and tariffs could lower WTI prices to near $50. Spreads on these bonds "look underpriced" for the risk of further oil price declines, they say. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 11:13 ET (15:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。