The high-yield market was resilient that week despite volatile oil and equity markets and large outflows from retail funds. New issuance remained the focus with another busy week that saw 12 deals for $9.35 billion price, the second consecutive week with over $9 billion in new high-yield paper printing. Lipper Data reported an outflow for mutual and exchange traded funds on the week ended 9/14 totaling $2.45 billion, the largest in six weeks. Overnight, global equities gained ground buoyed by strong commodity price action, as the dollar weakened ahead of central bank policy meetings this week. We’re opening with a firm tone in high yield this morning.