After taking a slight pause yesterday on some European-related fear, the high yield market is strong again today heading into month end. New issues are on everyone’s radar this morning, as at least 13 deals have been announced so far … Continue reading →

We now have the fourth quarter U.S. growth numbers.  They came in at a 2.8% growth rate for Q4 2011, after a 1.8% rate of growth in the third quarter.  But don’t get too excited about this, as there is … Continue reading →

The high yield market continued to rip tighter this week, supported by an improving U.S. economy, less fear surrounding Europe, the FOMC statement about rates staying low for the foreseeable future, and an increasingly favorable technical backdrop in the market. … Continue reading →

The high yield market opened on fire today, after yesterday’s Fed announcement that rates would stay low for the foreseeable future. The CCC space is especially strong bid today, after Realogy priced their CC 2nd lien deal yesterday that performed … Continue reading →

A few thoughts after hearing the Fed’s interest rate statement today: First, the Fed doesn’t seem to be buying into the equity market excitement that things are getting much better of late.  As I heard one commentator call it, it … Continue reading →

We have recently updated our whitepaper, The New Case for High Yield:  A Guide to Understanding and Investing in the High Yield Market.  Throughout its 30 year history, the high yield market has often been viewed as a confusing or … Continue reading →

The market is opening up hot again today after a very strong performance last week. The new issue market remains the focus as managers are looking for a place for fresh cash. Benchmark deals, especially, are massively oversubscribed because the … Continue reading →

It was another very good week for the high yield market as global economic numbers continued to surprise to the upside, and fresh capital continued to flow in to the market helping to push prices higher. For the week, the … Continue reading →

Ron Heller, Chief Executive Officer and Senior Portfolio Manager of Peritus Asset Management, will be attending the InsideETF Annual Conference, January 22-24th.  Come visit Ron at the AdvisorShares booth (#303) and learn more about the products that Peritus offers. Additionally, … Continue reading →

We have recently posted a new commentary, “High Yield versus Equities: A Practical View” on the Other Writings and Publications portion of our website.  We have summarized our conclusions below but encourage you to click here and read the full … Continue reading →