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 […]
ZOMBIE
BONDS MINUS DURATION: A TRAIN WRECK IN THE MAKING?
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 […]
DIMARTINO BOOTH: CORPORATE BOND MARKET IS GETTING JUNKIER!
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 […]