(Bloomberg)  High Yield Market Highlights US junk bonds scored the biggest one-day gains in nine months, driving yields lower across ratings a day after Federal Reserve Chair Jerome Powell hinted the central bank may now be finished with the most aggressive tightening cycle in four decades. The Fed implied that the recent run-up in long-term […]

(Bloomberg)  High Yield Market Highlights US junk bond yields rose for the second day in a row and spreads widened 11 basis points to an almost four-month high of 431, driving modest losses for the second consecutive session. Losses were tempered as 10-year Treasury yields slid from near 5% last week to 4.85% on Thursday, […]

(Bloomberg)  High Yield Market Highlights   US junk bond yields rose for the third day in a row to an almost 12-month high of 42%, driving losses for the fourth straight session on concerns over the Middle East conflict and the potential impact of “restrictive rates” on corporate balance sheets. Yields rose and losses extended […]

(Bloomberg)  High Yield Market Highlights US junk bonds snapped a five-day winning streak to post the biggest one-day loss in more than a week on Thursday. Yields soared for the second straight session to 9.10% after US consumer prices climbed for a second month, bolstering speculation that the Federal Reserve may keep the doors open […]

(Bloomberg)  High Yield Market Highlights US junk-bond issuers inundated the primary market this month, driving the supply of new securities to almost $23 billion, the most since January 2022. Seven of the 19 sessions month-to-date priced more than $2 billion, resulting in some of the busiest days since June. The flurry of new issuance partly […]

(Bloomberg)  High Yield Market Highlights US junk bonds posted a loss of 0.5% on Thursday, the biggest one-day drop since July, as yields jumped to a roughly four-week high of 8.74% amid a decline in equities. The losses spanned all high yield ratings after latest data showed that initial jobless claims dropped, suggesting that a […]

(Bloomberg)  High Yield Market Highlights US junk bonds are coming off the biggest one-day gains in more than two weeks despite a surge in new debt sales, pushing the market toward a modest 0.31% gain for the week after advancing in three of the last four sessions. The gains lured US borrowers into the market, […]

(Bloomberg)  High Yield Market Highlights US junk bonds are headed to the biggest weekly loss since mid-August, snapping a two-week gain, after yields jumped 14 basis points to 8.54% on renewed fears that the Federal Reserve will keep interest rates higher for longer. Chicago Fed President, Austan Goolsbee, told the Marketplace radio program on Thursday that […]

(Bloomberg)  High Yield Market Highlights (Bloomberg)  Powell Signals Fed Will Raise Rates If Needed, Keep Them High Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and intends to keep borrowing costs high until inflation is on a convincing path toward the Fed’s 2% target. “Although inflation […]

(Bloomberg)  High Yield Market Highlights US junk bonds are headed toward their worst weekly loss since June after steadily falling for five straight sessions. Thursday’s loss of 41% is the biggest one-day slide in six weeks as yields rose 10 basis points to a more than five-week high of 8.67%. Risk appetite softened after minutes […]