The high-yield market was mixed yesterday with commodity linked and high beta names getting hit, while higher quality names held in well and six new issues priced including five drive-by BB deals. Weekly AMD data reported mutual and exchange traded fund outflows for the period ending 11/18 totaling $1.36 billion, while flows Thursday were basically flat. Markets are opening with a better tone this morning driven by corporate earnings (Nike), but with no other real catalyst for today it should be a relatively calm end to the week. Oil continues to trade near a three month low as a supply glut keeps any optimism about price recovery at bay, while treasuries are opening flat with the yield on the US 10-year note hanging right around 2.25%. High yield is generically opening unchanged to slightly better this morning and on the quiet side after what has been a volatile and busy week of trading and issuance.