Here we go again. Since when does swinging for the fences equate to fundamental investing? The answer: it never does. Why, when looking for returns, does everyone still throw high yield into the “general bond” allocation pool? High yield seems … Continue reading →

For the second straight week, weakness in global financial markets due to European headlines spilled over in to the high yield market, causing yield and spread widening and money to leave the asset class. For the week, the spread on … Continue reading →

With the Euro debt crisis summit set to start today week, financial markets have taken a decidedly negative turn, with equities giving up all their early gains yesterday and continuing to sell-off this morning as Greek headlines scare investors away … Continue reading →

After a rough start to the week yesterday, they high yield market is much better bid today, with levels about 1 point higher across the board. Despite a big uptick day for the equity markets, the high yield market struggled … Continue reading →

This week the high yield market suffered its first real pullback in a long time, as European and global growth concerns caused high yield investors to rethink their risk appetite. Since the rally started in Oct ’11, the high yield … Continue reading →

Fitch reported that the trailing 12-month default rate remained flat in April at 1.9%, as the month produced two defaults. The recent bankruptcy filings by mortgage lender Residential Capital (ResCap) and aircraft maker Hawker Beechcraft added $3.4 billion to the … Continue reading →

One of the companies that we have held for years, and that I have consistently covered during this time, is a consumer packaging company.  They provide the packaging for food, including meats, cheese, granola bars, and microwave popcorn, as well … Continue reading →

Equity markets are opening with a better tone this morning, using decent housing numbers as a catalyst to move higher after the recent downward trend. Feels like a bit of a relief rally more than a strong move back in … Continue reading →