(Bloomberg)  High Yield Market Highlights   US junk-bond yields plunged to a 10-month low and spreads dropped to a 20-month low after the Federal Reserve paused the most aggressive policy of raising interest rates for the third time in this week’s meeting, while also forecasting a series of rate cuts next year. Yields closed at […]

(Bloomberg)  High Yield Market Highlights The broad November rally in risk assets propelled CCCs, the riskiest tier of the junk bond market, alongside equities, to post the biggest monthly returns since January of this year. CCC yields plunged 125 basis points in November, also the most in 10 months, to 13.50%, driving gains of 4.53%. […]

(Bloomberg)  High Yield Market Highlights   US junk bonds are headed for weekly gains as yields dropped 18 basis points week-to-date to 8.75% as of Thursday, after 5-year and 10-year US Treasury yields sank below 4.5%, falling about 19 basis points each. Yields fell below 9% and spreads below 400 basis points since the Federal […]

(Bloomberg)  High Yield Market Highlights The US junk bond primary market has been inundated with new supply after a slow October, with companies selling almost $8 billion so far this week, making it the busiest since mid-September. Monthly volume has topped $9 billion, which is already about 96% of the total for all of October. […]

(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 […]