High Yield Morning Update

Yesterday’s session was the polar opposite of Monday’s, as stocks traded higher, Treasuries sold off and the high yield market weaker throughout the day. A poor May retail sales number is weighing on markets this morning, as the report showed that American retail sales dropped for the second month in a row, evidence that the economic recovery continues to falter. The high yield market is opening flat this morning on thin volume and a lack of conviction in either direction.

This entry was posted in Peritus. Bookmark the permalink.

Comments are closed.