Monthly Archives: October 2012

High Yield Morning Update

After being closed for two days due to Hurricane Sandy, the high yield market is opening generically higher this morning, but many desk remained less than fully staffed as the cleanup is just getting started and many are still dealing …

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Record Issuance—The Benefits and Risks

Last week the U.S. high yield market set a calendar-year issuance record.  So far this year, issuance has been $291.7 billion versus the prior full-year record of $287 billion set in 20101…and we still have two months left to go …

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Peritus in the News

Peritus was quoted in the article, “Bubble trouble in junk bonds,” by Hibah Yousuf of CNN Money, October 28, 2012.

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High Yield Weekly Update

Q3 earnings took their toll on equity markets this week, resulting in the biggest one week decline since early May, with the S&P 500 Index returning -1.48% for the week.  Market drivers have been much more macro focused in recent …

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High Yield Morning Update

High yield was flat yesterday with three new issues pricing and low secondary volume.  Weekly AMG data showed a very small inflow of $9.5 million while EPFR data showed a weekly outflow of $107 million. Three new high yield deals …

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High Yield Morning Update

The high yield market was flat yesterday, as equities opened higher, only to weaken throughout the day and finish in the red. There were outflows of $100 from the high yield market yesterday, with the break down being $93mm from …

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Upcoming Event

Tim Gramatovich, Chief Investment Office of Peritus, will be featured on the radio show “Winning Strategies,” Friday, October 26th, at noon (central time).

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Peritus in the News

Peritus was mentioned in the article, “Guide to 10 Great ETFs Yielding 7% or More” by Zacks Equity Research, October 24, 2012.

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High Yield Morning Update

We’re opening with a better tone this morning after high yield took it on the chin yesterday on disappointing earnings and continued uncertainty surrounding the upcoming election, fiscal cliff and Euro zone crisis weighing on risk markets. The barrage of …

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Just Do It…Yourself

The foundation of Peritus’ investment philosophy is that all credit research is generated internally and we view credit as either “AAA” or “D,” placing limited value on rating agencies and their methodologies.  Why does this matter?  Let’s point to a …

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