Equity markets are moving higher this morning on hopes of a resolution in Washington over the government shutdown and more importantly the debt ceiling. Treasury yields are also higher this morning with the 10-year note at 2.71%, the highest level since September 20^th. Small flows into high-yield funds continued yesterday with $113 in inflows reported for the day. After pricing $5.6 billion in new issue paper on Tuesday, the high-yield primary market took yesterday off with no deals pricing for the day. This morning activity is picking up however with  four deals for about $1 billion in proceeds being marketed. This morning high-yield is trading sideways, helped by enthusiasm from the equity markets and the prospect of a deal being struck in Washington, but offset by higher Treasury yields keeping levels in check.