It was another week of the headlines being dominated by activities in Washington.  While the equity markets were hit hard by the continued uncertainty, with the S&P 500 index down 3.2% on the week, the high yield market held in …

This morning Energy Future Holdings (f.k.a. TXU) reported their Q2 earnings.  This is a massive issuer in the high yield space and VERY widely held among large players and the index based products in the high yield market.  The numbers …

Despite the massive sell off in equities yesterday, high yield remained steady as the fundamental and technical picture remains solid. High yield managers continue to sit on elevated cash positions and earnings, for the most part, have come in around …

June’s durable goods orders missed the positive estimate of 0.5% by 2.6%, coming in at a -2.1%.  What this means is corporate America is not buying goods that last for three years or more at the pace many thought would …

New issues were the focus yesterday as $8B priced on the day.  This was a welcome event for the high yield market, as there was a lot of cash that needed to be put to work. All new issues yesterday …

There are very important changes going on in the world right now.  While hardly an epiphany, there has been a slow but true change in psychology over the last few years and I started to notice it with the Canadian …

Over the past week, politics seemed to dominate the economic front.  Europe was able to come up with a rescue plan for Greece, hoping to also stem the contagion to Spain and Italy.  Here at home, Washington remains deadlocked as …

It has been said by many (and we wholeheartedly agree) that job growth is essential for a sustained economic recovery.  The problem we have faced so far is that unemployment is still stuck over 9%…and this over two years after …

The high yield market is opening better again this morning on confidence a decision about the U.S. debt ceiling is imminent, and that the Euro zone will put a TARP-like program in place to help stabilize banks. There is a …

Earnings are the focus today, as many of the big banks reported last night/this morning. So far earnings season is coming in a little better than expected as 15 of the 18 S&P 500 companies that have reported thus far …