Monthly Archives: July 2016
High Yield Bonds and Rates: Duration and Yield
With another Fed meeting on the horizon this week, the topic of rates has again come into focus. While in just a matter of months, markets have seemed to quickly move from the expectation that we’d see a few rate increases …
First Half Update
After seeing prices indiscriminately marked down virtually across the board in the second half of 2015 and first couple months of 2016, general high yield market sentiment improved beginning in late February, helped by oil prices stabilizing and the realization …
High Yield Market Default Update
As we stand today, default activity year-to-date has already surpassed the par default level for all of 2015. However, the defaults remain almost entirely in the commodity sectors—Energy and Metals/Mining—while outside of these segments, default rates remain at or near …
Unprecedented Times
We are in the midst of unprecedented times. Over the past week, we have seen the S&P 500 hit record highs and the US 10-year Treasury bond yields hit record lows. We see headlines like “NIKKEI soaring on stimulus expectations,” …
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