Spreads will finish the week comfortably wide of the year-to-date tights that we saw 2 weeks ago.  It was a volatile week for rates and spreads and the OAS on the Bloomberg Barclays Corporate Index closed at 92 on Thursday evening after ending the week prior at 90.  Treasuries were relatively calm the first two […]

Spreads continued their slow burn this week, gradually inching tighter.  The OAS on the Bloomberg Barclays Corporate Index closed at 88 on Thursday evening after ending the week prior at 92.  Treasuries are at their highest levels of the year for the second consecutive week.  The 10yr Treasury closed last week at 1.21% and it […]

Spreads initially ripped tighter on Monday of this week before giving back some gains, but it looks like the index will still end the week tighter, or at worst, unchanged.  The OAS on the Bloomberg Barclays Corporate Index closed at 92 on Thursday evening after ending the week prior at 93.  Treasuries are at their […]

Price action in the corporate bond market this week would best be described as “grabby” with spreads consistently grinding tighter throughout the week. Spreads were wider the week before last but they have since reclaimed that ground that was given up. The Bloomberg Barclays US Corporate Index closed on Thursday February 4 at 94 after […]

Spreads are looking likely to finish the holiday shortened week with little change.  The Bloomberg Barclays US Corporate Index closed on Thursday January 21 at 94 after closing the week prior at 94.  Treasuries have hardly moved this week and are currently less than 2 basis points lower since last Friday.  Through Thursday, the corporate […]

Spreads will finish the week unchanged after a minor bout of mid-week volatility that pushed spreads wider for a day.  Through the Thursday close, the OAS on the Bloomberg Barclays Corporate Index was 96, which is the same level that it closed to end 2020.  Treasury rates stole the headlines from spreads this week and […]

Spreads will finish the week meaningfully tighter.  Treasuries have also rallied this week which has led to positive performance across the fixed income landscape due to the one-two punch of tighter spreads and lower rates.  The Bloomberg Barclays US Corporate Index closed on Thursday November 19 at 109 after closing the week prior at 114.  […]

Spreads are all set to finish the week tighter.  Risk assets fared well across the board this week on the back of positive vaccine news.  The Bloomberg Barclays US Corporate Index closed on Thursday November 12 at 115 after closing the week prior at 117.  Through Thursday, the corporate index posted a year-to-date total return […]

Spreads widened this week in sympathy with equities.  The Bloomberg Barclays US Corporate Index closed on Thursday October 29 at 125 after closing the week prior at 123 while stocks are on track for their worst week since March.  Through Thursday, the corporate index posted a year-to-date total return of +6.59%. The high grade primary […]

Spreads are modestly tighter on the week.  The Bloomberg Barclays US Corporate Index closed on Thursday October 22 at 123 after closing the week prior at 125.  Through Thursday, the corporate index posted a year-to-date total return of +6.51%.  Falling Treasuries have been a headwind for corporate credit performance over the course of the past […]