Monthly Archives: January 2013
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 …
The State of the Economy
It has been a busy day on the news front, with a Fed statement and the release of Q4 GDP numbers. In case you missed it, the Q4 GDP number came in at -0.1% versus a Street estimate of 1% …
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 …
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 …
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 …
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 …
Upcoming Events
Ron Heller, CEO and Senior Portfolio Manager at Peritus, will be attending the TD Ameritrade 2013 National Conference from January 30th to February 1st, at the Manchester Grand Hyatt Hotel in San Diego, California. Visit Ron at the AdvisorShares booth …
High Yield Morning Update
Global market tones are positive this morning after headlines out of the ECB that banks in the EU region are paying emergency loans back at a quicker rate than anticipated, helping to calm some fears over the European crisis. In …
Priority of Claims: Risk and Yield
Sometimes I watch the financial news and read the financial press and am left scratching my head. One such case recently was after a discussion I heard about stock dividends. The commentators were pointing out that in certain cases stocks …
High Yield Morning Update
High yield bonds are opening with a positive tone again today and flows into the asset class continue at about a $100 million per day clip, despite the indices rapidly approaching 5.5%. Through 17 trading days of 2013 the Bank …