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05/22/2015

U.S. equities posted modest gains to lift the S&P 500 to two record closes, while European, Japanese and Chinese equity indexes also ended higher. Although mixed economic data led the Fed to express a willingness to hold off on raising short-term interest rates until at least September, labor market data remained strong and housing starts soared.

05/21/2015

Falling oil prices have caused high yield bond prices to become volatile this year, but fundamentals remain sound as a strengthening U.S. economy will likely keep default rates low.

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