HYG, JNK, TNX, TRIGGER$ May 2018
BIGGEST INFLOWS OF THE YEAR DRAG JUNK BONDS FROM THE PRECIPICE! — SOURCE: 04-20-18 Bloomberg – “Junk Bonds Are Back in Black After Biggest Inflow This Year” — The rising tide in junk debt markets is lifting all boats — even ones that looked a little leaky just a few weeks ago. In the last […]
HYG, JNK, TNX, TRIGGER$ May 2018
BIGGEST INFLOWS OF THE YEAR DRAG JUNK BONDS FROM THE PRECIPICE! — SOURCE: 04-20-18 Bloomberg – “Junk Bonds Are Back in Black After Biggest Inflow This Year” — The rising tide in junk debt markets is lifting all boats — even ones that looked a little leaky just a few weeks ago. In the last […]
HYG, JNK, TNX, TRIGGER$ May 2018
JUNK BOND MARKET STILL IN TOTAL DENIAL, FIGHTING THE FED Happily dreaming in La-la-land till the rude awakening. — SOURCE: 04-18-18 Wolf Richter – “Junk Bond Market Still in Total Denial, Fighting the Fed” — The Fed’s efforts to raise interest rates across the spectrum have borne fruit only in limited fashion. In the Treasury […]
HYG, JNK, TNX, TRIGGER$ May 2018
JUNK BOND MARKET STILL IN TOTAL DENIAL, FIGHTING THE FED Happily dreaming in La-la-land till the rude awakening. — SOURCE: 04-18-18 Wolf Richter – “Junk Bond Market Still in Total Denial, Fighting the Fed” — The Fed’s efforts to raise interest rates across the spectrum have borne fruit only in limited fashion. In the Treasury […]
GLOBAL SWIFT BANKING SYSTEM STATISTICS SUGGESTS US$ LIKELY TO SOON RALLY The U.S. accounts for less than 25% of the global economy and that number will be in steady decline amid the rapid growth of China and India. And yet the dollar still takes up almost 63% of global FX reserves. That mismatch will gradually […]
HYG, JNK, TNX, TRIGGER$ April 2018, vix
CRACKS IN CREDIT MORE PRONOUNCED SINCE FEBRUARY VIX IMPLOSION — ABSTRACTED FROM: 03-23-18 ZeroHedge – “Retail Whiplashed By 2nd Largest ETF Outflow On Record; Longest HY Outflows Since 2007” — According to the fund flow data, it’s time to worry about credit and especially high yield, because as BofA’s Michael Hartnett writes, “credit is cracking” after […]
HYG, JNK, TNX, TRIGGER$ April 2018, vix
CRACKS IN CREDIT MORE PRONOUNCED SINCE FEBRUARY VIX IMPLOSION — ABSTRACTED FROM: 03-23-18 ZeroHedge – “Retail Whiplashed By 2nd Largest ETF Outflow On Record; Longest HY Outflows Since 2007” — According to the fund flow data, it’s time to worry about credit and especially high yield, because as BofA’s Michael Hartnett writes, “credit is cracking” after […]
EVEN INVESTMENT GRADE “BBB” BONDS BECOMING A MAJOR MARKET CONCERN By bulking up on debt, U.S. companies have added a new uncertainly into financial markets — SOURCE: 04-01-18 WSJ – “The Danger Lurking in a Safe Corner of the Bond Market” — U.S. companies have been bulking up on debt, introducing another wild card into […]
EVEN INVESTMENT GRADE “BBB” BONDS BECOMING A MAJOR MARKET CONCERN By bulking up on debt, U.S. companies have added a new uncertainly into financial markets — SOURCE: 04-01-18 WSJ – “The Danger Lurking in a Safe Corner of the Bond Market” — U.S. companies have been bulking up on debt, introducing another wild card into […]
HYG, JNK, TNX, TRIGGER$ April 2018
MAJOR CRACKS IN HY, EM & EVEN IG BODE POORLY FOR FUTURE DEBT FUNDED BUYBACKS DEBT FUNDED BUYBACKS The pillar that has been carrying equities for years (courtesy of cheap debt-funded buybacks) appears to be cracking as bond funds took a $1.9bn hit in the latest week. In fact, as BofA points out highlighting the […]