Yesterday’s Fed decision seems to provide no more clarity: they left the opening for a December hike but didn’t specifically commit to making a move then. So the question remains, when will the Fed begin raising rates and by how …

Much has been made about the outlook for defaults in the high yield market. Many have speculated that we are at the beginning of a big upturn in that default cycle and thus, this market should be avoided. While this …

There has been a lot of recent talk about risks within the high yield market, much of them we believe are exaggerated, as we discuss in our piece, “Making Sense of Markets.”  One area of concern that has been raised …

There is no denying that liquidity has become a well-publicized concern in today’s high yield market, with much focus specifically on high yield ETFs.  With the post financial crisis regulation that has curtailed market making activity by the large investment …

Throughout its nearly 35 year history, the high yield market has often been viewed as a confusing or an alternative asset class.  However, the reality is that this is a large, developed and liquid asset class.  We have provided this …

There have recently been a few high profile investors that have spoken out against the high yield market, with Carl Icahn among the more vocal.  While Icahn may have an agenda or perhaps a short trade in high yield, it …