High-yield was basically flat in a quiet market Thursday with the yield and spread on the Bank of America High-Yield Index tightening 1bp/2bps throughout the day to close at 8.39% and +706bps, respectively. High-yield retail funds reported outflows for the week totaling $545 million, the first weekly outflow in the past six weeks. Just one tack-on issue priced during yesterday’s session for Zayo Group, adding on to their 6.375% deal to yield 6.707%. This morning we’re opening flat to slightly lower after global markets weakened overnight along with oil prices, after Saudi Arabia suggested it would freeze prices if other major producers did so. This morning the Labor Department Non-Farm Payrolls report showed that employment in the US climbed and wages picked up in March more than expected (215k vs 205k).