Spreads are looking likely to finish the holiday shortened week with little change.  The Bloomberg Barclays US Corporate Index closed on Thursday January 21 at 94 after closing the week prior at 94.  Treasuries have hardly moved this week and are currently less than 2 basis points lower since last Friday.  Through Thursday, the corporate […]

Spreads will finish the week unchanged after a minor bout of mid-week volatility that pushed spreads wider for a day.  Through the Thursday close, the OAS on the Bloomberg Barclays Corporate Index was 96, which is the same level that it closed to end 2020.  Treasury rates stole the headlines from spreads this week and […]

Spreads will finish the week meaningfully tighter.  Treasuries have also rallied this week which has led to positive performance across the fixed income landscape due to the one-two punch of tighter spreads and lower rates.  The Bloomberg Barclays US Corporate Index closed on Thursday November 19 at 109 after closing the week prior at 114.  […]

Spreads are all set to finish the week tighter.  Risk assets fared well across the board this week on the back of positive vaccine news.  The Bloomberg Barclays US Corporate Index closed on Thursday November 12 at 115 after closing the week prior at 117.  Through Thursday, the corporate index posted a year-to-date total return […]

Spreads widened this week in sympathy with equities.  The Bloomberg Barclays US Corporate Index closed on Thursday October 29 at 125 after closing the week prior at 123 while stocks are on track for their worst week since March.  Through Thursday, the corporate index posted a year-to-date total return of +6.59%. The high grade primary […]

Spreads are modestly tighter on the week.  The Bloomberg Barclays US Corporate Index closed on Thursday October 22 at 123 after closing the week prior at 125.  Through Thursday, the corporate index posted a year-to-date total return of +6.51%.  Falling Treasuries have been a headwind for corporate credit performance over the course of the past […]

Spreads are opening Friday morning unchanged as we head toward the conclusion of this holiday shortened week that featured only four trading days.  The Bloomberg Barclays US Corporate Index closed on Thursday October 15 at 126 after closing the week prior at 126.  Through Thursday, the corporate index has posted a year-to-date total return of […]

Spreads are slightly tighter on the week.  The Bloomberg Barclays US Corporate Index closed on Thursday September 17 at 128 after closing the week prior at 130.  Spreads have traded in a very narrow range over the course of the last month, with the OAS on the index never closing wider than 131 or tighter […]

Spreads were mixed during the holiday shortened week and look likely to finish close to unchanged or perhaps a touch wider after it is all said and done.  The Bloomberg Barclays US Corporate Index closed on Thursday September 10 at 131 after closing the week prior at 129.  The market has a firmer tone as […]

Spreads are wider on the week.  The Bloomberg Barclays US Corporate Index closed on Thursday August 20 at 131 after closing the week of August 10-14 at 128.  The market has the feel of a quiet summer Friday as we go to print this morning.  Through Thursday, the corporate index has posted a year-to-date total […]