Investment grade credit has had a week of mixed performance.  The Bloomberg US Corporate Bond Index closed at 149 on Thursday June 23 after having closed the week prior at 144.  The market tone has been good for risk assets on Friday and it looks likely that spreads will finish the week on a positive […]

It was a wild ride for risk assets during the week and credit spreads will finish the week wider.  The Bloomberg US Corporate Bond Index closed at 144 on Thursday June 16 after having closed the week prior at 136.  The tape has been mixed throughout the day on Friday and is pointing toward a […]

Credit spreads will finish the week meaningfully tighter for the second week in a row.  The Bloomberg US Corporate Bond Index closed at 149 two weeks ago and 136 last Friday while the index closed this Thursday at an OAS of 130. Spreads have drifted wider during the trading day on Friday so we may […]

Credit spreads will finish this week markedly better and there were a couple trading days where spreads ripped tighter.  The Bloomberg US Corporate Bond Index closed at 149 last Friday which was its widest level of the year.  The index closed 13 basis points tighter this Thursday at 136 and the path of least resistance […]

Credit spreads drifted wider this week while major equity indices posted their 7th consecutive week of losses.  The OAS on the Bloomberg US Corporate Bond Index closed Friday, the 20th of May at 149 after having closed the week prior at 141.  This marked the widest close for the index in 2022.  The 10yr Treasury […]

It was another volatile week for risk assets, especially equities.  The OAS on the Bloomberg US Corporate Bond Index closed Thursday, the 12th of May at 141 after having closed the week prior at 134.  The 10yr Treasury closed the previous week at 3.13% and it is trading at 2.91% as we go to print […]

One word can aptly describe this week: volatile.  The OAS on the Bloomberg US Corporate Bond Index closed Thursday, the 5th of May at 134 after having closed the week prior at 135.  Although the spread on the index was slightly tighter the performance effect was offset by higher Treasury yields.  The 10yr Treasury closed […]

It was an ugly week for risk assets.  The OAS on the Bloomberg US Corporate Bond Index closed the week of April 29th at 135 after having closed the week prior at 132.  The month of April is one that investors would like to forget; it was historically bad for credit and stocks were down […]

Spreads drifted wider throughout the week and the tape is weak on Friday afternoon for credit and equites as we go to print.  The OAS on the Bloomberg US Corporate Bond Index closed at 128 on Thursday, April 21, after having closed the week prior at 121.  On Thursday, Federal Reserve Chairman Jerome Powell delivered […]