INVESTORS FLEEING HIGH YIELD, SIMILAR TO FINANCIAL CRISIS Investors are starting to come to a more realistic outlook about the forward-looking growth prospects, as well as the power of central banks to pump up asset prices. Tyler Durden reports that: It seems the warnings from PIMCO’s Scott Mather that: “We have probably the riskiest credit market […]
MAL-INVESTMENT COMING HOME TO ROAST FOR LOWER QUALITY ENERGY BONDS A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS-SII & PUBLIC ACCESS) READERS REFERENCE SII – BONDS & CREDIT – JNK, HYG 11-25-18 – RealInvestmentAdvice.com Lance Roberts – “Oil Sends A “Crude Warning” MATASII TAKEAWAYS: Oil companies have been feasting off the extraordinarily low interest rate environment to leverage up to […]
THE HEADLINES: For Those Caught In The Vicious Bond Rout, There’s Good And Bad News Paul Tudor Jones Sees “Really Scary Moments” As Fed Rate-Hikes Trigger Credit Crisis MATASII SII ANALYSIS: Gordon T Long’s Macro View – JNK – 11-15-18 Current MATASII SII Charts: As of 11-15-18 A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS-SII & PUBLIC […]
THE HEADLINE: One Hedge Fund Manager Is Betting A Quarter Of His Money On A Credit ETF “Death Spiral” MATASII SII ANALYSIS: LQD Corporate Bond ETF IDEA – March 4, 2018: The weekly (left) chart for LQD shows a significant lift from $78.00 in 2009; topping around $124.00 in 2012; and moving sideways in a slightly contracting […]
HIGH YIELD BOND ALERT – “JNK” & “HYG” NOW AT MATASII DOWNSIDE TRIGGER 1- The MATASII BOND & CREDIT SII HAS BEEN WARNING OF THIS FOR SOME TIME (See SII Page): PRESENT MATASII FOCUS IS TWO FOLD HY CORPORATE JUNK BONDS – Is Setting Up for a Major Decline As Credit Markets Tighten (See “Road Map […]
HY ETF SHORTS HIT ALL TIME HIGH – IS A JUNK BOND CRASH IMMINENT? — SOURCE: 07-15-18 “Junk Bond Crash Imminent? HY ETF Shorts Hit All Time High” — It has been a tough year for junk bond funds, if not for junk bond spreads, which as we noted recently have shown impressive resilience and have solidly […]
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 […]
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 […]
CREDIT CYCLE WARNING: EMERGING MARKET SOVEREIGN BONDS CHEAPER THAN US HIGH YIELD! — SOURCE: 06-14-18 Forbes – “When Will The High-Yield Credit Bubble Burst?” — U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference June 13, 2018 in Washington, DC. After a two-day meeting the Chairman Powell announced that the Fed will increase […]
HIGH YIELD SPREAD EXPECTATIONS HEADING INTO A RECESSION “HY spreads do not have a recessionary look at all” … but let’s see what happens when the QE stops buying corporate bonds. “The energy sector suggest there is some chance of a recession in 12 months, but not sooner.”
