Credit Monitor: Outflows For Junk, Record Supply, Bad Month For IG
US junk funds bled another $2.3 billion during the latest weekly reporting period, data released
US junk funds bled another $2.3 billion during the latest weekly reporting period, data released
If those calling for recession in the US economy are correct, it’s likely that high
The first quarter of 2021 was the busiest ever for US junk sales. Almost $150
It’s hard to know what a “milestone” is these days, mostly because we seem to
The US corporate bond market remains robust coming off a banner 2020. Last year, both
Well, junk bond yields are at new record lows, which would be surprising if all
Earlier this week, US junk bond yields hit all-time lows amid the rampant euphoria that
Since April, one of the most astounding dynamics to observe was the dramatic abatement of
The following short bit will come as no surprise to regular readers, and as such,
The same risk aversion that sent US stocks tumbling towards their worst weekly performance since
In what looks like more evidence that September’s equity market tumult is spilling over into
There’s consternation in high yield bonds. Or at least that’s the impression one gets from
Twice. That’s how many times during the first two days of this week I addressed
Bill Ackman is “long-term bullish on America”, he told CNBC Wednesday. That much hasn’t changed.
The Powell pledge continues to embolden the market.
Not everyone is a winner.
Are you concerned about “fallen angel” risk in the credit market? Put differently, are you
So, is there any good news here?
Well, that’s not great news.
Unadulterated, state propaganda. Period.ÂÂ
Frantic rallies, tactical bounces and out of stock emergency hedges.
A visual (and narrative) odyssey.
Looking across the high yield market amid the post-holiday malaise.
“… it fills us with a lot of fear [and] not just because many central banks would be relatively constrained in their ability to cut rates after their big post-GFC easing.”
“Currently, the yield differential between EUR HY and Italy 5yr bond is the tightest it has been throughout the whole history of the EU sovereign crisis, going back to 2010.”
You know there’s probably something a bit quixotic about the crusade to warn of an eventual blowup in the high yield ETF space. But…
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