HYG, JNK, TNX, TRIGGER$ July 2018, ZOMBIE
WHY THE CARPET IS ABOUT TO BE PULLED FROM UNDER THE JUNK BOND MARKET — SOURCE: 07-03-18 ZeroHedge – “Why The Carpet Is About To Be Pulled From Under The Junk Bond Market” — Last week we noted that ever since the start of 2018, an odd divergence has emerged in credit markets, where Investment Grade bonds […]
HYG, JNK, TNX, TRIGGER$ July 2018, ZOMBIE
WHY THE CARPET IS ABOUT TO BE PULLED FROM UNDER THE JUNK BOND MARKET — SOURCE: 07-03-18 ZeroHedge – “Why The Carpet Is About To Be Pulled From Under The Junk Bond Market” — Last week we noted that ever since the start of 2018, an odd divergence has emerged in credit markets, where Investment Grade bonds […]
TNX, TRIGGER$ July 2018, ZOMBIE
BONDS MINUS DURATION: A TRAIN WRECK IN THE MAKING? — SOURCE: 07-11-18 Alliance Bernstein, Gershon Distenfeld – “Bonds Minus Duration: A Train Wreck In The Making?”– A bond allocation is like a railroad. Credit is the locomotive that generates high returns, duration the track that keeps the train in line. Take the track away and you […]
TNX, TRIGGER$ July 2018, ZOMBIE
BONDS MINUS DURATION: A TRAIN WRECK IN THE MAKING? — SOURCE: 07-11-18 Alliance Bernstein, Gershon Distenfeld – “Bonds Minus Duration: A Train Wreck In The Making?”– A bond allocation is like a railroad. Credit is the locomotive that generates high returns, duration the track that keeps the train in line. Take the track away and you […]
TNX, TRIGGER$ July 2018, ZOMBIE
DIMARTINO BOOTH: CORPORATE BOND MARKET IS GETTING JUNKIER! — SOURCE: 07-11-18 Bloomberg – “The Corporate Bond Market Is Getting Junkier” — Authored by Danielle DiMartino Booth via Bloomberg, Few investors realize the ticking time bombs populating what they believe are the safest parts of their portfolios. Much has been made of the degradation of the $7.5 trillion U.S. corporate […]
TNX, TRIGGER$ July 2018, ZOMBIE
DIMARTINO BOOTH: CORPORATE BOND MARKET IS GETTING JUNKIER! — SOURCE: 07-11-18 Bloomberg – “The Corporate Bond Market Is Getting Junkier” — Authored by Danielle DiMartino Booth via Bloomberg, Few investors realize the ticking time bombs populating what they believe are the safest parts of their portfolios. Much has been made of the degradation of the $7.5 trillion U.S. corporate […]
YIELD CURVE INVERTS AFTER THE DECEMBER FOMC MEETING – US RECESSION 18 MONTHS LATER It is different this time. Asset prices are a signal, such a pity that sometimes this information cannot be discerned until after the fact. What is truly different this time is that past inversions have rotated around a ~5%-rate while this […]
YIELD CURVE INVERTS AFTER THE DECEMBER FOMC MEETING – US RECESSION 18 MONTHS LATER It is different this time. Asset prices are a signal, such a pity that sometimes this information cannot be discerned until after the fact. What is truly different this time is that past inversions have rotated around a ~5%-rate while this […]
HYG, JNK, TNX, TRIGGER$ July 2018
HY FUNDS CONTINUE TO SEE RECORD OUTFLOWS HY funds have continued to record outflows (34th consecutive week). Outflows have accelerated over the past week, as last week’s outflow has been the highest in 17 weeks. Looking into the domicile breakdown, European-focused funds have recorded the largest outflows. Outflows from US and globally-focused funds were also […]
HYG, JNK, TNX, TRIGGER$ July 2018
HY FUNDS CONTINUE TO SEE RECORD OUTFLOWS HY funds have continued to record outflows (34th consecutive week). Outflows have accelerated over the past week, as last week’s outflow has been the highest in 17 weeks. Looking into the domicile breakdown, European-focused funds have recorded the largest outflows. Outflows from US and globally-focused funds were also […]