(Bloomberg)  High Yield Market Highlights       US junk bonds kick off the fourth quarter on a somber note and are on track to end the eight-week gaining streak to post their biggest weekly loss in four months. The US junk bond rally faded as the market posted losses for the second consecutive session […]

(Bloomberg)  High Yield Market Highlights     US junk bonds rebounded cautiously after a four-day losing streak as spreads dropped just below 300 basis points and yields held steady at 7.03%. Junk bond yields, prices and returns came under pressure after a barrage of new issuance took the week’s volume to $9b and September supply […]

(Bloomberg)  High Yield Market Highlights     US junk bonds are headed for their seventh weekly gain after amassing the biggest one-day returns in six weeks. The market is poised for the biggest weekly jump in four months, with returns of 0.86% so far this week. Yields plunged, falling below 7% for the first time […]

(Bloomberg)  High Yield Market Highlights     US junk bonds are headed for their sixth straight week of gains, and yields still hover around two-year lows on expectations that the Federal Reserve will begin easing interest-rate policy in its meeting next week. Expectations swing between a 25 and a 50 basis point cut. The gains […]

(Bloomberg)  High Yield Market Highlights     US junk bonds gained for the second straight session after data showed US companies added the fewest jobs since the start of 2021, reinforcing the broad trend that the labor market is cooling substantially. Yields tumbled seven basis points to a more than two-year low. While the labor […]

  (Bloomberg)  High Yield Market Highlights         The High Yield Index didn’t have much going on over the past week There were no new issues to speak of during the late summer lull. Month-to-date issuance remains at $18 billion, and Year-to-date issuance stands at $197 billion. The Index spread tightened 4 basis […]

(Bloomberg)  High Yield Market Highlights     US junk bonds are headed for their second straight weekly gain — and the biggest in five weeks — as yields plunged to a fresh year-to-date low of 7.53% after US inflation eased for the fourth month on a year-over-year basis. Soft economic data reinforced market bets that […]

(Bloomberg)  High Yield Market Highlights     US junk bonds staged a solid comeback from last week’s losses and are on track to post modest gains as yields plunged 22 basis points in three sessions – from 7.90% to 7.68% – and spreads tightened 42bps to 339. The rally extended across the ratings spectrum after […]

(Bloomberg)  High Yield Market Highlights US junk bond spreads jumped 11 basis points, the most one-day widening in six months, to a three-month high of 325, abruptly snapping the broad rally and triggering negative returns across the risk spectrum. The losses came after data showed further evidence that US manufacturing shrank the most in eight […]

(Bloomberg)  High Yield Market Highlights     US junk bonds are poised to see their eighth straight weekly gains, potentially the longest such streak since January 2021, while spreads continue to hang around 300 basis points on interest-rate cut expectations. A survey of US economists showed that the expectation that the Federal Reserve will likely […]