Equity markets are opening with a better tone this morning, using decent housing numbers as a catalyst to move higher after the recent downward trend. Feels like a bit of a relief rally more than a strong move back in … Continue reading →

Futures were higher this morning initially on better than expected German growth numbers, but Greek news quickly tempered the good feelings, and market sentiment has worsened as the day wore on. Yesterday was all about Chesapeake (CHK) in the high … Continue reading →

Sentiment is worsening this morning as JP Morgan and Chesapeake headlines are pushing markets lower. It looks like JPM will be the focus of the media for the foreseeable future, and government pundits will use this recent situation as another … Continue reading →

The equity markets came under pressure over the last week on a combination of reoccurring European concerns, fear surrounding  the J.P. Morgan headlines, and a lack of compelling U.S. economic data to move markets higher. While so far in May … Continue reading →

High yield bonds performed well again this week, driven by continued strong technicals and a good start to the Q1 earnings season, and despite a late-week sell-off in the equity markets. For the week, the spread on the Bank of … Continue reading →

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 →

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 →

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 →

After trading sharply higher for most of 2012 to date, the last two weeks have lacked the same enthusiasm from the high yield market. Looking back at recent history, in 2011, we saw a huge rally through the first quarter, … Continue reading →

The high yield market traded mostly sideways this week, with a slight negative tilt despite another week of big inflows. There was a lack of conviction this week in the high yield market, and the Treasury sell-off early in the … Continue reading →