(Bloomberg)  High Yield Market Highlights     US junk bonds stalled after a two-day rally as jobless claims dropped to a three-year low, suggesting employers are largely holding onto workers. Still, the market is on track for its fourth straight week of gains amid growing expectations of a Fed rate cut next week. Yields were […]

  (Bloomberg)  High Yield Market Highlights US junk bonds posted modest gains on Thursday but still leave slight losses for the week across the rating spectrum. The broad gains spanned ratings, with even CCCs, the riskiest part of the credit market, rebounding from a six-day losing streak as junk bonds shrugged off a selloff in [...]

  US junk bonds tumbled Thursday, posting their worst one-day loss in nearly five weeks after a chorus of Fed officials warned against premature rate cuts. The slide came just as investors braced for a deluge of economic data, with the government reopening after the longest shutdown in US history. Yields jumped the most in […]

(Bloomberg)  High Yield Market Highlights     US junk bonds tumbled, posting their steepest one-day loss in three weeks, as the risk premium climbed to 278 basis points after Chair Powell cautioned that a December rate cut is not a foregone conclusion. Yields rose 11 basis points to 6.76%, the biggest one-day jump in three […]

(Bloomberg)  High Yield Market Highlights       US junk bonds are headed for modest weekly gains after yields fell by a mere two basis points in the last four sessions and risk premium by just five basis points. A resurgence of trade tensions with China and a lack of macro data to assess the […]

(Bloomberg)  High Yield Market Highlights     US junk bonds were broadly resilient as they shrugged off concerns about credit quality after Zions Bancorp disclosed a charge-off for a bad loan at a subsidiary tied to alleged fraud. Junk bond yields held steady and spreads moved in tandem with five-year US Treasury yields even as […]

(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 […]