Monthly Archives: October 2015

Life in a No Growth World and the Impact on Interest Rates

Yesterday’s Fed decision seems to provide no more clarity: they left the opening for a December hike but didn’t specifically commit to making a move then. So the question remains, when will the Fed begin raising rates and by how …

Posted in Peritus

The Defaults Ahead

Much has been made about the outlook for defaults in the high yield market. Many have speculated that we are at the beginning of a big upturn in that default cycle and thus, this market should be avoided. While this …

Posted in Peritus

Upcoming Conference Participation

Tim Gramatovich will be attending and participating in the ETF.com Fixed Income Conference, as part of the panel, “Better Junk: The Outlook for High-Yield Bonds,” which is taking place November 5th at 11:20am.

Posted in news

The State of High Yield Issuers

There has been a lot of recent talk about risks within the high yield market, much of them we believe are exaggerated, as we discuss in our piece, “Making Sense of Markets.”  One area of concern that has been raised …

Posted in Peritus

Making Sense of Markets

There are a number of mixed signals and misconceptions in the financial markets today. Markets are hard to make sense of, but it is often during times of confusion when investors have the most to gain. We see abundant value …

Posted in news

Liquidity Premiums in High Yield Investing

There is no denying that liquidity has become a well-publicized concern in today’s high yield market, with much focus specifically on high yield ETFs.  With the post financial crisis regulation that has curtailed market making activity by the large investment …

Posted in Peritus

The New Case for High Yield: A Guide to Understanding and Investing in the High Yield Market

Throughout its nearly 35 year history, the high yield market has often been viewed as a confusing or an alternative asset class.  However, the reality is that this is a large, developed and liquid asset class.  We have provided this …

Posted in Peritus

Fear Mongering in the High Yield Market

There have recently been a few high profile investors that have spoken out against the high yield market, with Carl Icahn among the more vocal.  While Icahn may have an agenda or perhaps a short trade in high yield, it …

Posted in Peritus