High Yield Morning Update

The high yield market opened with a soft tone yesterday, but strengthened into the afternoon as some buyers stepped back in to the market selectively. Last night after the close, EPFR reported outflows of $1.19 billion from US high yield funds for the week, the first weekly outflow in five weeks. Four deals priced yesterday totaling $2.65 billion in proceeds. Markets are opening better across the board this morning on light volume, which should be the theme of the day as many market participants prepare for the big storm hitting this afternoon.

This entry was posted in Peritus. Bookmark the permalink.

Comments are closed.