Four of the key measures used to determine stress in the high yield market are approaching or at post-crisis lows: dispersion, distress ratios, default rates and spread per turn of leverage that’s according to Bank of America Merrill Lynch’s regular […]
Quick Look The current bull market is now entering its ninth year. Investor confidence and fund flows are rising, and complacency (as measured by the VIX) is in the bottom decile of its historic levels. Economic surveys on consumer confidence, […]
An interview with billionaire investor and Co-founder of Oaktree Capital, Howard Marks. In this interview Howard discusses topics from his book, The Most Important Thing. Topics range from his investment strategy to how Howard views risk and bonds. Billionaire Howard […]
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Source: Pixabay The 10-year Treasury yield—the bellwether for global yields—is up 45% from its July 2016 lows. While US debt looks relatively enticing, the recent upswing in inflation is squeezing real returns. The consumer price index rose 2.2% (YoY) and […]
A few days after declaring its earnings, Apple raised $10 billion in debt. Similar to the bond sales done in the past, this will also be carried out in various tranches with maturities of up to 30 years. The bonds […]
It is somewhat hard to believe but oil prices are up nearly 90% over the past year. The past two times oil prices have increased this much year-over-year, US 10-year bonds rallied quite significantly. In 2008, oil was up over […]