(Bloomberg)  High Yield Market Highlights         The High Yield Index didn’t have much going on over the past week There were no new issues to speak of during the late summer lull. Month-to-date issuance remains at $18 billion, and Year-to-date issuance stands at $197 billion. The Index spread tightened 4 basis […]

(Bloomberg)  High Yield Market Highlights     US junk bonds are headed for their second straight weekly gain — and the biggest in five weeks — as yields plunged to a fresh year-to-date low of 7.53% after US inflation eased for the fourth month on a year-over-year basis. Soft economic data reinforced market bets that […]

(Bloomberg)  High Yield Market Highlights     US junk bonds staged a solid comeback from last week’s losses and are on track to post modest gains as yields plunged 22 basis points in three sessions – from 7.90% to 7.68% – and spreads tightened 42bps to 339. The rally extended across the ratings spectrum after […]

(Bloomberg)  High Yield Market Highlights US junk bond spreads jumped 11 basis points, the most one-day widening in six months, to a three-month high of 325, abruptly snapping the broad rally and triggering negative returns across the risk spectrum. The losses came after data showed further evidence that US manufacturing shrank the most in eight […]

(Bloomberg)  High Yield Market Highlights     US junk bonds are poised to see their eighth straight weekly gains, potentially the longest such streak since January 2021, while spreads continue to hang around 300 basis points on interest-rate cut expectations. A survey of US economists showed that the expectation that the Federal Reserve will likely […]

(Bloomberg)  High Yield Market Highlights US junk bonds are headed for their seventh week of gains, which would match the run at the end of last year, though an 11-day winning streak ended Thursday amid broad weakness in equities. Though high yield overall lost 0.02%, CCCs continued to rebound from their underperformance That riskiest part […]

(Bloomberg)  High Yield Market Highlights   US junk bonds are poised for a second-straight monthly gains, returning 0.9% so far as investors have shrugged off a hawkish Federal Reserve that’s signaled just one quarter-point cut in 2024. Yields have dropped eight basis points to 7.92%, while spreads widened just five basis points to 313bps as […]

(Bloomberg)  High Yield Market Highlights   US junk bonds are headed for a third straight week of gains as investors continued to bet that the Federal Reserve will cut rates more than once this year, with retail sales data this week showing signs of consumer strain. Adding more evidence that the economy continued to slowdown, […]

(Bloomberg)  High Yield Market Highlights US junk bonds are headed to reverse April’s losses and record modest gains for the month of May, shrugging off the supply deluge as yields held steady and spreads hovered near 300 basis points. The primary market was inundated with new supply amid steady and near-historic tight spreads and attractive […]

(Bloomberg)  High Yield Market Highlights   US junk bonds barely finished higher Thursday, the third time this week that’s been the case, but the market has yet to fall this week and is poised for its third up week in the past four. An array of economic data this week signaled a slow start to […]