BoAML: “THE 10Y UST IS NO LONGER A “SAFE ASSET” – HERE’S WHY” — SOURCE: 04-26-18 ZeroHedge – “BofA: The 10Y Treasury Is No Longer A “Safe Asset”, Here’s Why” — At the end of his lengthy presentation to DoubleLine investors in January, Jeff Gundlach, who was aggressively pitching commodities at the time, a trade that has […]
HYG, JNK, LQD, TNX, TRIGGER$ May 2018
JUNK BONDS AT RECORD NET LEVERAGE LEVELS AS INTEREST COVERAGE RATIO FALLS HY Leverage at record highs.. HY spreads returned to their January tights while their IG (Investment Grade) and EM (Emerging Markets) counterparts remain significantly wider…
HYG, JNK, LQD, TNX, TRIGGER$ May 2018
JUNK BONDS AT RECORD NET LEVERAGE LEVELS AS INTEREST COVERAGE RATIO FALLS HY Leverage at record highs.. HY spreads returned to their January tights while their IG (Investment Grade) and EM (Emerging Markets) counterparts remain significantly wider…
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
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 […]