14 Mar 2018

Corporate Debt Issuance Softens Further In February, Spreads Do Not Signal Stress

by | posted in: Credit, Economy, Equities, Technicals | 0

U.S. corporate debt issuance continued to decelerate in February.  High-yield spreads are not pointing to stress in the system. After January’s $133.7 billion, February issuance slowed down to $84.3 billion.  As a result, the first two-month total, comprised of $184 … Continued

25 Mar 2015

HYG, JNK not likely to take kindly to hawkish Fed, let alone end of ZIRP

by | posted in: Credit, Economy, Equities | 0

Last six years, U.S. high-yield bond issuance of $1.6tn This week, several Fed officials signal imminent rate hike this year Junk bonds – popular risk-on vehicle – not likely to take kindly to end of ZIRP A week ago, HYG, … Continued