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,

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.

Quite the feat.

Not everyone is a winner.