From the time the OPEC production cut deal was agreed I’ve been saying that although
Category: high yield
Long Collection Agencies?
“This is an attempt to collect a debt”…
Is The Cycle Turning? One Bank Says Not Yet
I’ve talked a ton about the credit cycle and, more specifically, about why there’s likely
Look How Stupid People Are: Recapping A Spectacular January For High Yield
God knows I’ve been a persistent critic of HY credit for the better part of
Remember: “Fake It ‘Til You Make It” Doesn’t Work For Sales
The great thing about the bottom line is that you can “fake it ’til you
“This Is Not Sustainable”: Reversing The “Constant” Drop In Yields
Sh*t, we started in risk-free government bonds and before you knew it, we were the proud owners of diluted shares in a cash flow negative shale producer.
Chart Check (“Retail Money”)
“Access denied”…
Full Energy Retard: Part Deux
“You gotta be super smart to trade credit, buddy, it’s not easy”…
One Bank’s Bold Prediction For € Credit
Needless to say, I’m a big believer in the idea that the market isn’t properly
What No One Is Telling You About Trump’s Corporate Tax Proposal
“Alternative facts”…
Monday Humor (Crude Lemmings)
“This year, only 15% of respondents are underweight and comfortable with that position, down from 65% in early 2016.”
No Liquidity, No Cash, No Fun
Oh, and here’s the worst part: you see how there’s no market for these bonds? Well when people start selling the ETFs, you’d better hope fund managers aren’t depending on cash balances to meet redemptions, because…
“Time To Get Creative”: This Isn’t The Place For Joe ETF
With spreads having come in as much as they have, there’s not much left for average investors.
Full Energy Retard
Some of the most incredible charts you’ll ever see are those depicting spread compression in
Friday Chart Check: More High Yield Hijinks
Everything is not fixed in HY energy just because oil prices are no longer scraping the bottom of the barrel (pun fully intended).
Everything Is Fixed: Distressed Opportunities In HY Energy Magically Disappear
Now look, I know higher oil prices are welcome news for HY, but let’s not
Why One Analyst Is High On High Yield
High yield had a hell of a year in 2016. In fact, at least as
“We Wish We Bought Every Bond In The Index”: High Yield Knocks It Out Of The Park
“The fundamentals still are not that great”…
“Deja-Vu All Over Again”: Why 2017 Looks A Lot Like 2016
“Twas the Friday before Christmas and all through the house, …” Wait. To hell with
2016 Performance Revisited And Deutsche’s 2017 Equity Outlook
As 2016 comes to a close with US risk on a veritable tear thanks to
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