(Bloomberg)  High Yield Market Highlights US junk bond rally came as a lagged response after Federal Reserve Chair Jerome Powell’s reiteration that rate cuts are likely to begin later this year. Yields plunged to a nearly 12-week low of 7.65%, after dropping for four straight sessions, and are on track for the biggest weekly decline […]

(Bloomberg)  High Yield Market Highlights The US junk bond rally finally broke on Thursday with the biggest one-day loss in four weeks driving the market to its first modest weekly loss since mid February. Data showed inflation continues to be sticky, even as retail sales showed some sluggishness signaling consumer spending may not hold as […]

(Bloomberg)  High Yield Market Highlights The US junk bond market is headed toward a third-straight weekly gain, with its current six-day winning streak the longest this year and yields dropping to 7.75%. It’s allowed yields for the riskiest part of the market, CCCs, to fall below 12% for the first time this year. They’ve fallen […]

(Bloomberg)  High Yield Market Highlights   The broad rally in risk assets has propelled CCCs, the riskiest part of the junk bond market, to the top as the best performing asset class in February. Returns for the month were 1.7% after climbing for six consecutive sessions. The gains came after S&P 500 breached the 5,000 […]

(Bloomberg)  High Yield Market Highlights US junk bonds notched their biggest one-day gains in more than four weeks and are poised for a rebound off last week’s losses to score the biggest weekly gains in four, as equities hit an all-time high, driving spreads to a more than two-year low of 306 basis points. With […]

(Bloomberg)  High Yield Market Highlights US junk bonds may end a three-week rally as they head to close the week with modest negative returns. Markets were jolted earlier this week when faster-than-expected inflation caused the biggest one-day loss in four months. The consumer price index rose by more than forecast in January on a monthly and annual […]

(Bloomberg)  High Yield Market Highlights After a bumpy start to the year, US junk bonds are headed for their third straight week of gains, propelled by CCCs, the riskiest tier of the high yield market. Gains spanned across the market, spurred by economic growth backed by strong labor market, expanding business activity and cooling inflation […]

(Bloomberg)  High Yield Market Highlights US junk bond supply so far this month is 13% above that for all of January 2023, helped by $3.5b of sales Thursday that was the busiest session in three months. The market is on track to have its heaviest overall month in more than two years, with new borrowers […]

(Bloomberg)  High Yield Market Highlights A back-and-forth start to the year has continued this week for the US junk bond market, which rose last week after starting 2024 with a loss. Yields have climbed 19 basis points since last Friday to 7.90%, following a week of robust economic data on retail sales, housing sentiment, industrial […]

(Bloomberg)  High Yield Market Highlights   The fourth quarter US junk bond rally spurred by the Federal Reserve drove yields further down to a new 16-month low of 7.69% and spreads to a another 20-month low of 329 basis points accelerating gains in CCCs, the riskiest tier of the junk bond market. CCC yields tumbled […]