Monthly Archives: November 2012

High Yield Morning Update

High yield traded with a firm tone again on Wednesday as money continues to find its way back into the asset class, with $141mm yesterday alone. New issue activity picked up yesterday with five deals pricing, the most activity we’ve …

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High Yield Morning Update

High yield continues to trade with a strong tone, despite equity weakness, as the desire for yield outweighs the concern over the fiscal cliff. Money flows have reversed this week, with yesterday alone reporting $193mm in inflows. The new issue …

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Special Dividends vs. Predictable Income

It is no secret that dividend investing has been all the rage the past couple years, and this has caused a run-up in many dividend paying stocks.  And now with possible tax increases looming and the uncertainty over the fiscal …

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High Yield Morning Update

Focus this morning turned briefly to news of a deal getting done in Greece, causing markets to rally out of the gate, before everyone decided that the news was not that positive, sold the rally, and headed back to the …

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High Yield Morning Update

High yield is opening slightly weaker this morning after rallying through most of last week during the holiday shortened, low volume week. As America gets back to work this week, the topic of discussion will continue to be the US …

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High Yield Morning Update

The high yield market was better Monday, bouncing back after last week’s negative performance, though volumes were lower than usual as many have packed it in for the Thanksgiving holiday. Outflows continued yesterday with $410 leaving the high yield asset …

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High Yield Morning Update

Money outflows were a big driver for the high yield market last week, as sentiment turned negative and $1.26 billion left the asset class. Friday saw outflows of $645 million alone, the largest outflow of the week, which will be …

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Deficiencies of Credit Ratings

Earlier this week the Securities and Exchange Commission released the summary of their annual review of the rating agencies.  Among the deficiencies discussed, the SEC found that the ratings agencies do not consistently apply their ratings methodology, don’t always disclose …

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This Week in High Yield

The high yield market suffered its biggest decline since early September this week as sentiment continues to sour over fiscal cliff concerns, a resolution to which is hardly a forgone conclusion at this point and is likely weeks away at …

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High Yield Morning Update

Outflows continue to hit the high yield market, and now seem to be picking up some momentum. For the week AMG Data reported a $1.27 billion outflow while EPFR reported an outflow of $1.22 billion, and an outflow of $641 …

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