The high yield market traded better again this week, as cash continued to flow back into the market after the large outflow of a couple weeks ago, and despite some disappointing U.S. economic data and the ever present European market … Continue reading →

I find it very interesting that the misnomer remains that investing in the high yield asset class is an all or none trade.  First of all, we agree with some of the recent market commentary that the passive and index-based … Continue reading →

I just don’t get it.  Over and over again, we hear commentary that the market is moving up or down driven by the prospects of further Federal Reserve intervention.  When hopes dim that the Fed can or will do further … Continue reading →

The high yield market traded with a much better tone this week, bouncing back from last week’s negative return, on a good start to the Q2 earnings season and despite widening sovereign yields in Europe. For the week, the spread … Continue reading →

Is this a surprise?  When you live deep in the sea of corporate financials, you have a good take on what is going on in the world.  Unlike many investment advisors across the U.S., Peritus actually builds financial spreadsheets and … Continue reading →

The second quarter is off to a shaky start:  following the pace of the equity markets, the softness in the high yield market continued yet again this week.  While the equity markets were down 1-2%, the Bank of America Master … Continue reading →

High yield is an asset class where active management is essential to performance.  There is a certain degree of volatility to the high yield market and inherent risks that must be monitored and managed.  There are also continual opportunities—and opportunity … Continue reading →

The high yield market continued to trade basically sideways again this holiday shortened week; although, volatility did pick up with concern over China, Europe and the toll increasing gas prices will have on the economy. It seemed like we were … Continue reading →

There has been a lot of debate about Active Management versus Passive Management and how money flows into these funds affects performance.  I don’t know how many of you watched the CNBC interview today with PIMCO’s Bill Gross.  He was … Continue reading →