Markets continue to trade with a hopeful tone on speculation a deal to address the government shutdown and debt ceiling will be struck in the near term. High-yield finished the day on a strong note after Treasury yields settled down after initially gapping wider to open the day. The 10-year note is currently trading at 2.66%, near its lows of the week continuing to be supportive of a strong backdrop for high yield. Yesterday ended a 25 day streak of inflows as high-yield funds reported a small outflow of $47 million. Thursday saw the primary market spring back in to action pricing three drive by deals for proceeds of $1.8 billion. Just one deal on the docket for today’s business. This morning equities are better and Treasury yields are lower providing a very strong backdrop for the high-yield market, pushing levels higher.