Monthly Archives: September 2012
Be sure to read Peritus’ most recent writing, “The Necessity of Active Management in High Yield Investing.” Exchange Traded Funds (“ETFs”) for high yield bonds have become a bigger factor in today’s market. However, we believe that the passive, index-based … Continue reading
The high yield market traded lower this week for the first time since the asset class started its massive rally back in early June. This week saw risk assets across the globe trade lower on the heels of the announcement … Continue reading
Peritus was featured in the Barron’s article, “Off Limits for Bond Indexers” by Brendan Conway, September 29, 2012, available in print or online.
Tim Gramatovich, Chief Investment officer of Peritus, was quoted in the article “Junk Bonds in U.S. Poised for Biggest Retreat in 4 Months,” by Lisa Abramowicz and David Holley of Bloomberg, September 28, 2012.
US equity markets are opening lower on the last day of trading in the 3rd quarter after reports showed signs the economy continues to weaken…this after trying to rally on more stimulus hopes yesterday. High yield is opening mixed this … Continue reading
US stocks are better today after five straight down days, and commodities are bouncing off of seven week lows on more speculation of government assistance to spur economic growth. The high yield market is opening mixed, and volatility remains as … Continue reading
We have stated on several occasions in our writings that the large, on-the-run credits are the most volatile due to the fact that as the large index-based ETFs see inflows and outflows, it is these credits that are the first … Continue reading
The high yield market is opening lower again this morning, on thin volume because of the Yom Kippur holiday, as sentiment around the globe continues to sour. The HY18 index is down 5/8 in early trading to 99 ¾, down … Continue reading
Last night Caterpillar lowered their outlook through 2015 as this massive bellwether is witnessing a global slowdown. China is undoubtedly slowing and is likely going to end up with growth in the low single digits. Commodities are puking, as this … Continue reading