(Bloomberg)  High Yield Market Highlights US junk bonds are headed toward the third straight week of losses and the biggest weekly loss in more than two months, pushing yields to a seven-week high on worries over negotiations to raise the debt ceiling. The week-to-date loss is 0.45%. The losses spanned ratings categories. US high yield funds reported an outflow of […]

(Bloomberg)  High Yield Market Highlights     The junk market snapped the knee-jerk rally that followed the Fed meeting where Chair Jerome Powell said that the central bank was “much closer to the end” of the rate-hike campaign after raising interest rates by a quarter percentage point. US junk bonds posted the biggest one-day loss […]

(Bloomberg)  High Yield Market Highlights US junk bonds are posted to close the month with modest gains, outperforming investment-grade bonds, on expectations the Fed may pause its rate-hike campaign after an anticipated 25bps increase at the next policy meeting. The struggles of First Republic Bank this week reinforced that market consensus. The gains spanned the […]

(Bloomberg)  High Yield Market Highlights US junk bonds are set to lose this week by the most in six weeks, ending a month long rally as investors brace for at least one more interest rate hike by the Federal Reserve. Yields in the risky debt jumped by 18 basis points this week to 8.58%, the […]

(Bloomberg)  High Yield Market Highlights US junk bonds staged the biggest one-day rally in two weeks, capping a six-session advance that marks the longest winning streak in more than three months. Yields tumbled to a two-month low of 8.38% and spreads dropped below +450 to close at +446, the tightest in five weeks. The rally […]

(Bloomberg)  High Yield Market Highlights   US junk bonds are headed to close the month with modest gains even after a tumultuous two-week stretch fueled by instability in the banking industry. All told, junk bonds have managed to rebound from February losses that were spurred by fears that aggressive interest-rate hikes would trigger a recession. […]

Fund Flows & Issuance:  According to a Wells Fargo report, flows week to date were -$1.9 billion and year to date flows stand at -$12.6 billion.  New issuance for the week was nil and year to date issuance is at $38.5 billion.   (Bloomberg)  High Yield Market Highlights The turmoil in the US regional banking […]

Fund Flows & Issuance:  According to a Wells Fargo report, flows week to date were -$2.1 billion and year to date flows stand at -$10.4 billion.  New issuance for the week was $6.9 billion and year to date issuance is at $37.9 billion.   (Bloomberg)  High Yield Market Highlights US junk bonds dropped heading into […]

Fund Flows & Issuance:  According to a Wells Fargo report, flows week to date were -$6.5 billion and year to date flows stand at -$8.3 billion.  New issuance for the week was nil and year to date issuance is at $31.0 billion.   (Bloomberg)  High Yield Market Highlights US junk bonds are headed toward the […]

Fund Flows & Issuance:  According to a Wells Fargo report, flows week to date were -$3.0 billion and year to date flows stand at -$1.8 billion.  New issuance for the week was $3.5 billion and year to date issuance is at $31.0 billion.   (Bloomberg)  High Yield Market Highlights US junk bonds are headed toward […]