Monthly Archives: March 2016
Zero Sum Game
As we close out the first quarter of 2016, investors reading the tea leaves should be concerned. The price collapse in almost all commodities and the recent severe indigestion in US credit markets reject the notion that the global economy …
High Yield Market Technicals
As we start to see the high yield market gain some footing, it is important to note the improved market technicals, mainly fund flows and primary market issuance. For the week ending March 16th, we saw high yield retail funds …
“Risk” in High Yield Relative to Equities
We’ve written about this topic before but feel it is worth revising given some of the rhetoric we hear by the financial pundits today as they discuss “risky” securities. Some seem to classify high yield bonds as “risky” but don’t …
Positive Signals
After a rough last couple months—or in actuality a rough past six months—we are starting to see some positive signs in the high yield market. After yields surpassed 10% in mid-February1, we are beginning to see investors come back into …