HY:IG RATIO AT LEVELS HEARKENING BACK TO RISK ERA OF OCTOBER 1997 & JUNE 2007 — EXCERPTED from: 06-07-18 ZeroHedge – “Does Deutsche Bank’s Junk Bond Firesale Mean The Party Is Over? “– Less than a month ago, Moody’s warned that “the prolonged environment of low growth and low interest rates has been a catalyst for striking changes in […]
HYG
DEUTSCHE BANK SEEKING TO SELL NON-INVESTMENT GRADE ENERGY LOAN PORTFOLIO WORTH ~ $3B
DEUTSCHE BANK SEEKING TO SELL NON-INVESTMENT GRADE ENERGY LOAN PORTFOLIO WORTH ~ $3B — EXCERPTED from: 06-07-18 ZeroHedge – “Does Deutsche Bank’s Junk Bond Firesale Mean The Party Is Over? “– Bloomberg reports Deutsche Bank is seeking to sell its portfolio of non-investment grade energy loans, worth about $3 billion, according to people with knowledge of the […]
JUNK BONDS AT RECORD NET LEVERAGE LEVELS AS INTEREST COVERAGE RATIO FALLS
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…
JUNK BOND YIELDS AT LOWEST DECILE ON RECORD
HY Yields at their lowest decile on record… This occurrence signal traditionally confirms the early beginnings of the road to the Next Financial Crisis
HIGH YIELD BONDS SIGNALLING: “SELL THE RALLIES”
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?
BIGGEST INFLOWS OF THE YEAR DRAG JUNK BONDS FROM THE PRECIPICE!
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 […]