(Bloomberg)  High Yield Market Highlights     New bond sales in the US junk bond market soared past $48b this month to make it the busiest September ever, surpassing September 2020’s $47b. Issuers have priced $17.5b so far this week, the busiest week in five years. The last time the market was more active was […]

(Bloomberg)  High Yield Market Highlights     US junk bond yields tumble to a new multi-year low and risk premium drops to a seven-month low driving gains for the seventh consecutive week, the longest winning streak since last September. Yields closed at 6.57%, also falling for the seventh week in a row. The broad rally […]

(Bloomberg)  High Yield Market Highlights     US junk bonds are headed for their sixth week of gains, with yields tumbling to a fresh 40-month low of 6.60% and spreads returning to the six-month low of 268 basis points, spurred by expectations of Federal Reserve policy easing. The high yield market notched up gains in […]

(Bloomberg)  High Yield Market Highlights     US junk bonds have recovered from a rocky start to be on course to post gains for the fifth consecutive week. Yields remain within sight of a 40-month low after dropping eight basis points on Thursday to close at 6.74%. The risk premium fell five basis points to […]

(Bloomberg)  High Yield Market Highlights   The US junk bond rally hit a pause as yields crossed the 7% mark to close at a three-week high of 7.04%, after rising for four sessions, the longest streak since early April. Spreads closed at a two-week high of 287 basis points after climbing eight basis points in […]

(Bloomberg)  High Yield Market Highlights     US junk bond rally momentum faded, halting a three-day winning streak, after inflation data made a September rate cut slightly less of a sure thing. US wholesale inflation rose the most in three years, suggesting that higher input costs, as reflected in the producer price index, could show […]

(Bloomberg)  High Yield Market Highlights     US junk bonds gained for a third straight month in July, the longest gaining streak since September, on signs of broad economic resilience and strong corporate earnings. The rally was propelled by CCCs, the riskiest tier of the high-yield market. CCCs bonds delivered 1.47% return in July, the […]

(Bloomberg)  High Yield Market Highlights     US junk bond yields plunged to a new six-month low and spreads still hovered near a more than three-month low driving supply to nearly $33 billion in June, the busiest month for new bonds sales since September. Yields fell 21 basis points in four sessions and declined for […]

(Bloomberg)  High Yield Market Highlights     US junk bond yields held steady, with spreads still at a three-year low fueling a wave of new bond sales to push June’s tally to nearly $22b. That’s already 23% more than the full month of June 2024 and up almost 70% on June 2023. The market awaits […]

(Bloomberg)  High Yield Market Highlights     US junk bonds may snap a 13-day gaining streak after Israel’s strikes on Iran’s nuclear sites sparked a flight to haven assets, including US Treasuries and gold. US equity futures retreated as investors await Iran’s response amid concern the conflict could widen. US junk bond yields held steady […]