Today we saw the 10-year yield hit its lowest rate since November.  While some of the pressure is related to the tensions with North Korea, if markets were really fearful the worst would become reality, we’d see a full “risk …

Starting in late July and continuing through the first half of August is earnings season for most of our credits, which is a very important and busy time for us.  As active managers, we not only evaluate a credit as …

To understand where you are in the high yield market, it is helpful to take a look at where we have been.  People talk about how we are 8+ years into this “cycle” and are express concerns about valuations.  We …

High yield bonds were better yesterday and today is opening slightly better too.  Three new issues priced yesterday for $1.55B in proceeds with three more on the docket for today.  The default risk in high yield bonds still remains low, …