(Bloomberg)  High Yield Market Highlights US junk bonds may end a three-week rally as they head to close the week with modest negative returns. Markets were jolted earlier this week when faster-than-expected inflation caused the biggest one-day loss in four months. The consumer price index rose by more than forecast in January on a monthly and annual […]

(Bloomberg)  High Yield Market Highlights After a bumpy start to the year, US junk bonds are headed for their third straight week of gains, propelled by CCCs, the riskiest tier of the high yield market. Gains spanned across the market, spurred by economic growth backed by strong labor market, expanding business activity and cooling inflation […]

(Bloomberg)  High Yield Market Highlights US junk bond supply so far this month is 13% above that for all of January 2023, helped by $3.5b of sales Thursday that was the busiest session in three months. The market is on track to have its heaviest overall month in more than two years, with new borrowers […]

(Bloomberg)  High Yield Market Highlights A back-and-forth start to the year has continued this week for the US junk bond market, which rose last week after starting 2024 with a loss. Yields have climbed 19 basis points since last Friday to 7.90%, following a week of robust economic data on retail sales, housing sentiment, industrial […]

(Bloomberg)  High Yield Market Highlights   The fourth quarter US junk bond rally spurred by the Federal Reserve drove yields further down to a new 16-month low of 7.69% and spreads to a another 20-month low of 329 basis points accelerating gains in CCCs, the riskiest tier of the junk bond market. CCC yields tumbled […]

(Bloomberg)  High Yield Market Highlights   US junk-bond yields plunged to a 10-month low and spreads dropped to a 20-month low after the Federal Reserve paused the most aggressive policy of raising interest rates for the third time in this week’s meeting, while also forecasting a series of rate cuts next year. Yields closed at […]

(Bloomberg)  High Yield Market Highlights The broad November rally in risk assets propelled CCCs, the riskiest tier of the junk bond market, alongside equities, to post the biggest monthly returns since January of this year. CCC yields plunged 125 basis points in November, also the most in 10 months, to 13.50%, driving gains of 4.53%. […]

(Bloomberg)  High Yield Market Highlights   US junk bonds are headed for weekly gains as yields dropped 18 basis points week-to-date to 8.75% as of Thursday, after 5-year and 10-year US Treasury yields sank below 4.5%, falling about 19 basis points each. Yields fell below 9% and spreads below 400 basis points since the Federal […]

(Bloomberg)  High Yield Market Highlights The US junk bond primary market has been inundated with new supply after a slow October, with companies selling almost $8 billion so far this week, making it the busiest since mid-September. Monthly volume has topped $9 billion, which is already about 96% of the total for all of October. […]

(Bloomberg)  High Yield Market Highlights US junk bonds scored the biggest one-day gains in nine months, driving yields lower across ratings a day after Federal Reserve Chair Jerome Powell hinted the central bank may now be finished with the most aggressive tightening cycle in four decades. The Fed implied that the recent run-up in long-term […]