HYG, JNK, TNX, TRIGGER$ May 2018
HY Yields at their lowest decile on record… This occurrence signal traditionally confirms the early beginnings of the road to the Next Financial Crisis
HYG, JNK, TNX, TRIGGER$ May 2018
HIGH YIELD BONDS SIGNALLING: “SELL THE RALLIES” It appears that as soon as HYG reached its 100-day moving-average, that was good enough and sellers used the bounce to sell… And sell they did – the biggest outflow since the election in 2016… So what do they know?
HYG, JNK, TNX, TRIGGER$ May 2018
HIGH YIELD BONDS SIGNALLING: “SELL THE RALLIES” It appears that as soon as HYG reached its 100-day moving-average, that was good enough and sellers used the bounce to sell… And sell they did – the biggest outflow since the election in 2016… So what do they know?
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 […]
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 […]
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 […]