Author Archives: Dave Flaherty

High Yield Morning Update

Flows out of US high yield funds continued yesterday with $229 million leaving between actively managed mutual funds and the index ETFs. Market anxiety remains elevated this week as European crisis concerns are back on the mind, despite the fact …

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High Yield Morning Update

Markets are opening flat this morning as debate continues between the bulls and bears over the next direction after a big run to open this year. US high yield funds reported another outflow yesterday totaling $144 million, and the yield …

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High Yield Moring Update

The European crisis was back in the headlines yesterday, just when it seemed like they had been forgotten, causing the S&P 500 to have its biggest drop of 2013 to date, and risk appetite across asset classes to sour. High …

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This Week in High Yield

After setting new record lows from a yield perspective on a weekly basis to start 2013, the high yield market finally met some resistance, as Treasury rates continued to increase throughout the week. Year-to-date the yield on the 10-year Treasury …

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High Yield Morning Update

High yield is opening stronger this morning after a few days of weakness, as Treasuries rates are easing, relieving some of the pressure on the market. Yesterday’s three new issues were a mixed bag generating varying levels of excitement with …

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High Yield Morning Update

Selling pressure continues in high-yield this morning, specifically  on lower yielding issues, as the 10-year bond hovers around 2%. Passive high-yield ETF’s are experiencing outflows for the first time this year on the Treasury backup and after strong performance for …

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High Yield Morning Update

With the 10-year bond now trading back above 2%, high-yield issues with sub-5% yields continue to experience pressure this morning causing the biggest backup in the high-yield market year-to-date.  Inflows continued yesterday in to actively managed accounts, but the passive …

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High Yield Morning Update

Credit markets are under a bit of pressure this morning on concern over the 10-year note approaching 2%, and after high-yield indices have returned almost 2% already for January. Many newly issued 4% handle bonds are trading lower over the …

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High Yield Morning Update

This week will be a busy one for investors with lots of data to digest, kicking off with Durable Goods Orders in the US this morning, a busy earnings calendar (122 S&P 500 companies set to report this week) and …

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This Week in High Yield

Market sentiment continued to improve throughout the week as both equities and high-yield bonds continue to perform well, adding to their early gains so far this year and tracking well ahead of even the most optimistic projections for 2013. Despite …

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