High-yield was a little better Monday to start the new week amid continued inflows and higher oil prices. The yield to worst and spread on the Bank of America High-Yield Index tightened 2bps/3bps to 8.30%/+700bps. Two deals priced across three tranches yesterday for $1.725 billion in proceeds. The high-yield market is opening unchanged to slightly higher this morning as equities and oil continue to move higher, while global growth fears ease as dovish sentiment continues from central banks around the globe. Two more deals are slated to price this afternoon.

The Bank of America Merrill Lynch High Yield Index monitors the performance of below investment grade U.S. dollar-denominated corporate bonds publicly issued in the U.S. domestic market.  Index data sourced from Bloomberg. Yield referenced is the yield-to-worst and spread referenced is the spread-to-worst.