high yield

By Sober Look As an example of how frothy fixed income markets have become, Reynolds did a $3.25 billion HY issuance today. They repaid a great deal of existing debt, but also took half a billion of cash for general purposes - in effect…

One thing Austrians harp on is the misallocation of resources caused by heavy handed and persistent interest rate market intervention. They are right that the industrial organization and the structure of investment capital priorities is…

The rally in leveraged finance markets is back on, as investors snap up junk bonds as quickly as they come to market.

The most important debate of our lifetimes is now ongoing. The question: Should the ECB “write the check’ for the euro area national governments? In thinking about the answer to this all-important question, I prefer to shift the focus by…

I see this as a macro call. High yield is attractive if you think that the economy will rebound. if not, the extremely low high yield default rate will rise considerably, as will yields.

Yields are incredibly low in the investment grade space. So that has put pressure on managers to get some yield pick up. Could European high yield be it, not just for European fund managers but for Americans as well?

So, the data are weakening. What does that portend for the rest of the year? Lakshman Achuthan of the ECRI thinks it means a serious global slowdown. Below is a recent interview he did on Yahoo's Tech Ticker explaining why.

Jeff Gundlach, a well known bond manager and DoubleLine Capital CEO, was on CNBC today talking about munis and high yield, two bond asset classes that have been moving in different directions of late. He was cautious on both classes saying…

Stephanie Pomboy, president of Macromavens LLC (and a college classmate of mine), talked to Pimm Fox on Bloomberg TV's "Taking Stock" about the Federal Reserve's efforts to boost the U.S. economy by lowering interest rates and…

In David Rosenberg's latest daily market commentary, he showed some concern about the rally in gold and suggested near-tern caution. Rosenberg writes: I LOVE GOLD, BUT.... ....The recent surge is the same chart as in March 2008,…