(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 […]

(Bloomberg)  High Yield Market Highlights US junk bonds are headed for their seventh week of gains, which would match the run at the end of last year, though an 11-day winning streak ended Thursday amid broad weakness in equities. Though high yield overall lost 0.02%, CCCs continued to rebound from their underperformance That riskiest part […]

(Bloomberg)  High Yield Market Highlights   US junk bonds are poised for a second-straight monthly gains, returning 0.9% so far as investors have shrugged off a hawkish Federal Reserve that’s signaled just one quarter-point cut in 2024. Yields have dropped eight basis points to 7.92%, while spreads widened just five basis points to 313bps as […]

(Bloomberg)  High Yield Market Highlights   US junk bonds are headed for a third straight week of gains as investors continued to bet that the Federal Reserve will cut rates more than once this year, with retail sales data this week showing signs of consumer strain. Adding more evidence that the economy continued to slowdown, […]

(Bloomberg)  High Yield Market Highlights US junk bonds are headed to reverse April’s losses and record modest gains for the month of May, shrugging off the supply deluge as yields held steady and spreads hovered near 300 basis points. The primary market was inundated with new supply amid steady and near-historic tight spreads and attractive […]

(Bloomberg)  High Yield Market Highlights   US junk bonds barely finished higher Thursday, the third time this week that’s been the case, but the market has yet to fall this week and is poised for its third up week in the past four. An array of economic data this week signaled a slow start to […]

(Bloomberg)  High Yield Market Highlights Weekly US junk-bond supply rose to almost $13 billion, making it the busiest week for new bond sales since the week ended Oct. 1, 2021. The supply spurt came after junk bonds racked up the strongest weekly returns since December on expectations that the Federal Reserve may begin to lower […]

(Bloomberg)  High Yield Market Highlights US junk bonds gained for the second session in a row, pushing yields down 10 basis points to a three-week low after Fed Chair Powell indicated on Wednesday that a hike in interest-rates was unlikely. However, he also suggested that higher-than-expected inflation readings have reduced the central bank’s confidence that […]

(Bloomberg)  High Yield Market Highlights US junk bonds extended their decline Thursday, logging their biggest one-day loss in the more than a week as slowed economic growth and a higher inflation rating curbed soft-landing hopes. Yields jumped 10 basis points to 8.21%, though they still remain lower for the week Ahead of today’s PCE reading, […]