12/31/2020 | HY | Market Commentary: Outlook 2021: Expect boring start to junk secondary after turbulent year; returns to be negligible
|
12/24/2020 | HY | Market Commentary: Primary closes the books on 2020; liquidity at a standstill
|
12/23/2020 | HY | Market Commentary: Secondary space ‘almost dead’; Charter drops; KIK improves; energy names in focus
|
12/23/2020 | HY | Market Commentary: Morning Commentary: High-yield market liquidity thins; Trump ‘veto’ threat shrugged off
|
12/22/2020 | HY | Market Commentary: Primary closed for the year, sources say; QEP gives back some gains; Diamond Sports active
|
12/22/2020 | HY | Market Commentary: Morning Commentary: Liquidity continues to thin as holidays approach, new Talos continues higher
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12/21/2020 | HY | Market Commentary: Primary, secondary quiet as end-of-year approaches; QEP skyrockets on acquisition, KIK, Antero active
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12/21/2020 | HY | Market Commentary: Market Commentary: Junk slips 3/8 or more as mutant coronavirus story sends chill through market
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12/18/2020 | HY | Market Commentary: Primary quiet; KIK in focus; Antero, Live Nation at a premium
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12/18/2020 | HY | Market Commentary: Morning Commentary: Junk liquidity thins as year-end nears; Antero trades at 101 3/8
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12/17/2020 | HY | Market Commentary: Primary wraps roadshows, plus two drive-bys; Townsquare outperforms; PBF at a premium
|
12/16/2020 | HY | Market Commentary: Primary prices $1.15 billion in reprieve; lower-rated NCL, Affinity Gaming outperform
|
12/15/2020 | HY | Market Commentary: Primary prices over $5 billion in one session; secondary firm; solid recent issues
|
12/14/2020 | HY | Market Commentary: Primary sees $2.2 billion, GFL, ATS, Ascent price; calendar grows; Community Health rises; Genesis improves
|
12/11/2020 | HY | Market Commentary: Community Health vastly upsizes, adds tranche; Genesis loses steam; Rayonier trades up
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12/10/2020 | HY | Market Commentary: Genesis, Rayonier price $1.25 billion; Blue Racer, Virtusa soar; Occidental gains continue
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12/9/2020 | HY | Market Commentary: Blue Racer, Virtusa price; Fortress adds on; Guitar Center outperforms; LBM at a premium
|
12/8/2020 | HY | Market Commentary: Primary prices massive $5.45 billion; Kraton active; LifePoint drops below par
|
12/7/2020 | HY | Market Commentary: Kraton Polymers, Ford price; forward calendar grows; Radiology Partners jumps; Cheniere active
|
12/4/2020 | HY | Market Commentary: Radiology prices; secondary grinds tighter; AssuredPartners gains; Seagate flat
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12/3/2020 | HY | Market Commentary: Seagate, Assured Partners, IPL price; Calpine lags; funds lose $1.39 billion
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12/2/2020 | HY | Market Commentary: Calpine prices; Albertsons adds on; Nationstar gains continue; C&S at a premium
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12/1/2020 | HY | Market Commentary: C&S Wholesale, Nationstar Mortgage price; Artera adds on; H&E gains; LifePoint flat
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11/30/2020 | HY | Market Commentary: LifePoint, H&E price; C&S Group on deck; FirstEnergy in focus
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11/25/2020 | HY | Market Commentary: Primary gears up for final push; Carnival, CNX notes active; SM Energy higher, Transocean dips
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11/25/2020 | HY | Market Commentary: Morning Commentary: Junk flat as liquidity thins ahead of holiday; Carnival tops 105
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11/24/2020 | HY | Market Commentary: Oversubscribed primary; Lumen moves up; Carnival better; United mixed; U.S. Steel improves
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11/23/2020 | HY | Market Commentary: Lumen prices; Ancestry on deck; Carnival in focus; Double Eagle flat; American Bath gains
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11/20/2020 | HY | Market Commentary: Carnival upsizes, jumps in aftermarket; Double Eagle, American Bath price; Frontier active
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11/19/2020 | HY | Market Commentary: Primary prices over $6 billion; Bausch in focus; Diamond Sports gains; funds up $490 million
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11/18/2020 | HY | Market Commentary: Bausch Health megadeal, Syneos price; NRG in focus; MGM at a premium
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11/17/2020 | HY | Market Commentary: MGM, NRG upsize; new paper in focus; Rackspace outperforms; GFL, Meritor at a premium
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11/16/2020 | HY | Market Commentary: Primary prices $3.24 billion in 5 tranches; NRG on tap; risk-on in secondary; Tenneco gains continue
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11/13/2020 | HY | Market Commentary: Tenneco a blowout, bid up 5 points; Tervita at 98 OID; Sizzling Platter, Interface gain
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11/13/2020 | HY | Market Commentary: Morning Commentary: Big book drives tighter pricing on Tenneco; ETFs see big outflows
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11/12/2020 | HY | Market Commentary: Sizzling Platter, Chemours, Interface price; Continental gains; MultiPlan drops
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11/10/2020 | HY | Market Commentary: Continental prices; Allison, Axalta, Ford flat; Stericycle, Sunoco gain
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11/10/2020 | HY | Market Commentary: Morning Commentary: Continental on tap; Allison Transmission, Axalta flat; Sunoco eyed
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11/9/2020 | HY | Market Commentary: Primary roars into action; six issuers price $6.25 billion in seven tranches; secondary gains continue
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11/6/2020 | HY | Market Commentary: Primary quiet; Antero Midstream lags; DISH gains post-earnings; Golden Nugget on a tear
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11/6/2020 | HY | Market Commentary: Morning Commentary: High-yield secondary pulls back after rally; Antero Midstream lags
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11/5/2020 | HY | Market Commentary: Antero Midstream prices; secondary rally continues; funds lose $2.21 billion
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11/5/2020 | HY | Market Commentary: Morning Commentary: Antero Midstream launches note offering; secondary gains continue
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11/4/2020 | HY | Market Commentary: Franchise pulls offering; secondary continues to rip; oil patch on the rise; Uber gains
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11/4/2020 | HY | Market Commentary: Morning Commentary: Junk primary quiet; secondary gains continue; oil patch on the rise
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11/3/2020 | HY | Market Commentary: Junk primary quiet on election day; Molina gains; oil patch strong; Tupperware eyed
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11/3/2020 | HY | Market Commentary: Morning Commentary: Junk primary quiet on election day; secondary firms; Molina gains
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11/2/2020 | HY | Market Commentary: Molina prices; Specialty Building Products adds-on; EQT gains; FirstEnergy rises on downgrade
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11/2/2020 | HY | Market Commentary: Morning Commentary: Molina, Franchise Group on deck; secondary tone improves
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10/30/2020 | HY | Market Commentary: Aston Martin, EQT, Smyrna price; PetSmart pulls offering; MotorCity outperforms
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10/29/2020 | HY | Market Commentary: Primary sells two deals; PetSmart on deck; new paper trades up; funds lose $2.513 billion
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10/28/2020 | HY | Market Commentary: P&L, Academy, United Shore price; sell-off intensifies; Cars.com lags; new paper weakens
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10/27/2020 | HY | Market Commentary: Cars.com prices; Cable One, SLM gain; MultiPlan flat; Advantage struggles; Diamond Sports slides
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10/26/2020 | HY | Market Commentary: Four issuers tap the market; forward calendar balloons; Prime at a premium; Cenovus jumps
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10/23/2020 | HY | Market Commentary: Akumin, Prime Healthcare, Aspen notes price; loanDepot in focus; Unisys sees 103-handle
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10/22/2020 | HY | Market Commentary: Unisys, loanDepot price; Providence on 102-handle; AA gains; Diamond Sports, PBF drop
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10/21/2020 | HY | Market Commentary: Providence prices; Dave & Buster’s, Ingevity at a premium; Restaurant Brands flat
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10/20/2020 | HY | Market Commentary: Three issuers price $1.85 billion; Chobani, Starwood at a premium; Parsley jumps
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10/19/2020 | HY | Market Commentary: Four drive-by deals tap the primary; Diamondback gains; United Naturals active
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10/16/2020 | HY | Market Commentary: Ports America withdraws offering; Navistar in focus on acquisition; Shift4, United Natural trade strong
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10/16/2020 | HY | Market Commentary: Morning Commentary: Junk ¼ point better; Navistar slips on Volkswagen’s deal deadline
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10/15/2020 | HY | Market Commentary: United Natural, Shift4 price; Ligado on deck; Rolls-Royce in demand; funds add $2.2 billion
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10/14/2020 | HY | Market Commentary: Primary prices $3.7 billion from six issuers; MGM slips; Diamond Sports gains
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10/13/2020 | HY | Market Commentary: Forward calendar grows; Royal Caribbean gains; Peninsula Pacific rises; Gray Television comes in
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10/9/2020 | HY | Market Commentary: NorthRiver prices at a discount; Alliant, MGM flat; Gray, Peninsula Pacific at a premium
|
10/9/2020 | HY | Market Commentary: Morning Commentary: Junk slightly firmer pre-holiday; Northriver Midstream on deck
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10/8/2020 | HY | Market Commentary: Six issuers price $3.82 billion; recent deals in focus, trade up; funds add $4.01 billion
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10/7/2020 | HY | Market Commentary: Primary prices $3.14 billion; Jaguar upsizes; Southeastern Grocers in focus; Uniti active
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10/6/2020 | HY | Market Commentary: Southeastern Grocers prices; Jaguar on tap; energy sector gains; AMN at a premium
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10/5/2020 | HY | Market Commentary: AMN Healthcare prices; forward calendar grows; j2 Global in focus; Frontier gains; Tenet tops par
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10/2/2020 | HY | Market Commentary: j2 Global prices downsized issue; Frontier in focus; Cedar Fair flat; Central Garden up
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10/1/2020 | HY | Market Commentary: Primary prices $1.95 billion led by Frontier; Encompass at a premium; funds lose $3.59 billion
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9/30/2020 | HY | Market Commentary: Lithia, Encompass, Allegiant price; Acadia, Spirit AeroSystems at a premium; fallen angels active
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9/29/2020 | HY | Market Commentary: Two deals price for $975 million; calendar grows; Vericast rockets; Centene gains
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9/28/2020 | HY | Market Commentary: Frontier plans notes; Varex improves; WPX boosted; Cleveland-Cliffs up; American Airlines higher
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9/28/2020 | HY | Market Commentary: Morning Commentary: WPX junk bonds pop on merger news; primary quiet; outflows continue
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9/25/2020 | HY | Market Commentary: Varex prices, skyrockets in aftermarket; PennyMac, Global Medical flat; QTS, HCA improve
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9/25/2020 | HY | Market Commentary: Morning Commentary: Junk unchanged on low volume; Varex on deck; outflows continue
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9/24/2020 | HY | Market Commentary: Two junk deals price; Carvana lags; QTS, Centene, GCI flat; funds lose $4.22 billion
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9/23/2020 | HY | Market Commentary: Primary prices $4.75 billion in six tranches; Fresh Market, Antero gain in uncertain market
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9/22/2020 | HY | Market Commentary: AmWINS adds on; AM General trades above 103; L Brands pares losses; Tenet moves lower
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9/21/2020 | HY | Market Commentary: AM General prices; secondary losses accelerate; Tenet Healthcare sells off
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9/18/2020 | HY | Market Commentary: Consolidated Communications prices; secondary heavy; Michaels, First Quantum, Methanex flat
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9/17/2020 | HY | Market Commentary: Primary prices more than $3.5 billion; Delta flies high; Energizer flat; L Brands trades up
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9/16/2020 | HY | Market Commentary: Primary prices $3.68 billion (and Delta); Cheniere gains; Cablevision secureds lose steam
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9/15/2020 | HY | Market Commentary: Primary prices fresh $5.5 billion; new deals in focus, trade up in secondary
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9/14/2020 | HY | Market Commentary: Primary prices $3.4 billion in seven tranches; forward calendar balloons to $9 billion; new deals trade up
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9/14/2020 | HY | Market Commentary: Morning Commentary: Borrowers storm high-yield new issue market on mega-Monday
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9/11/2020 | HY | Market Commentary: Primary prices another $3.6 billion; Nielsen, Switch trade up; PDC Energy trades off
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9/10/2020 | HY | Market Commentary: High-yield issuers sell $4.35 billion on Thursday; YUM!, Iamgold flat; Quicken Loans lags
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9/9/2020 | HY | Market Commentary: Primary prices whopping $7.4 billion; forward calendar grows; Tegna improves
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9/8/2020 | HY | Market Commentary: Tegna prices; CNX adds on; $5.7 billion added to calendar; Tenet below par; GTT soars
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9/8/2020 | HY | Market Commentary: Morning Commentary: Big burst of deals hits junk market on post-Labor Day Tuesday
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9/4/2020 | HY | Market Commentary: September issuance eyed; Nordstrom active on downgrade; CSC lower on failed acquisition
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9/4/2020 | HY | Market Commentary: Morning Commentary: High yield unchanged to down 1/8 as junk takes pre-Labor Day header
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9/3/2020 | HY | Market Commentary: Secondary soft; Tenet gives back gains; Spirit holds premium; funds add $319 million
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9/3/2020 | HY | Market Commentary: Morning Commentary: New Spirit Airlines 8% secured notes continue to soar in secondary
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9/2/2020 | HY | Market Commentary: Spirit Airlines prices, flies high in secondary; Tenet trades up; Macy’s gains
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9/1/2020 | HY | Market Commentary: Tenet prices megadeal, outstanding notes rise on redemption; Tesla, EQT gain
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8/31/2020 | HY | Market Commentary: Spirit Airlines on tap; cruise lines in focus; Genworth trades up on buyout rumor; Golden Nugget gains
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8/28/2020 | HY | Market Commentary: Secondary quiet but firm; TreeHouse improves; Windstream at a premium
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8/27/2020 | HY | Market Commentary: TreeHouse active; Royal Caribbean, Eldorado gain; funds add $1.392 billion
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8/26/2020 | HY | Market Commentary: Hyatt prices floaters; IPL Plastics, TreeHouse trade up; Royal Caribbean, Carnival climb
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8/26/2020 | HY | Market Commentary: Morning Commentary: Junk bonds open flat; Tuesday's oversubscribed deals trade well
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8/25/2020 | HY | Market Commentary: TreeHouse drives by; IPL prices; NCR notes higher; American Airlines down; Antero rises
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8/24/2020 | HY | Market Commentary: IPL Plastics eyes offering; New Fortress firm; American Airlines varies; Carnival eyed; Revlon diverges
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8/24/2020 | HY | Market Commentary: Morning Commentary: Trading, bond issuance muted as Dog Days descend upon junk market
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8/21/2020 | HY | Market Commentary: IPL Plastics on deck; Sabre in focus, trades up; GFL breaks par; Albertsons gains
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8/20/2020 | HY | Market Commentary: Sabre upsizes, prices; Genworth soars; New Fortress at a premium; Pike flat
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8/20/2020 | HY | Market Commentary: Morning Commentary: Junk unchanged to slightly lower; Sabre on deck as primary slows
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8/19/2020 | HY | Market Commentary: Wynn Macau, Genworth, Pike, New Fortress price; Southwestern Energy, ON Semiconductor trade up
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8/18/2020 | HY | Market Commentary: ON Semiconductor, Southwestern Energy, iStar, Hannon Armstrong price; GFL lags
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8/17/2020 | HY | Market Commentary: GFL, NCR price; Xerox, Lamar add-on; Carnival’s new notes lag; LogMeIn, PRA Group gain
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8/14/2020 | HY | Market Commentary: Carnival, LogMeIn, Graphic Packaging price; Comstock adds; ANGI, QVC lag; Veritas gains
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8/13/2020 | HY | Market Commentary: Primary sells $2.58 billion; Occidental flat; Ford lags; funds add $1.54 billion
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8/12/2020 | HY | Market Commentary: Occidental, FirstCash, Black Knight, Booz Allen price; Windstream lags; Albertsons flat
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8/11/2020 | HY | Market Commentary: Primary prices $5.78 billion in nine deals; Albertsons, Windstream, Targa price; Ball lags
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8/10/2020 | HY | Market Commentary: Ball Corp. on a 2-handle; Wyndham, Iron Mountain, CDW price; forward calendar swells
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8/7/2020 | HY | Market Commentary: Standard Industries, Level 3 price; Western Global at a discount; MGIC Investment soars
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8/7/2020 | HY | Market Commentary: New Issue: Western Global Airlines prices downsized $350 million 10 3/8% five-year notes at 98.625
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8/6/2020 | HY | Market Commentary: Warner Music, MGIC, ADT, DaVita price; Windstream on tap; funds add $4 billion
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8/5/2020 | HY | Market Commentary: Howard Hughes, Harvest Midstream, DSLD price; new deals trade up; index turns positive
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8/4/2020 | HY | Market Commentary: Leviathan, Penske, Emergent, Element, Xerox price; Melco adds on; Service, Apache gain
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8/3/2020 | HY | Market Commentary: Primary prices $4.6 billion; forward calendar swells; United Rentals in focus; Rolls-Royce trades off
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7/31/2020 | HY | Market Commentary: United Rentals on a 3-handle; NFP weakens; G-III at a premium; Charter active
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7/31/2020 | HY | Market Commentary: Morning Commentary: United Rentals draws crowd; junk ETFs see big Thursday inflows
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7/30/2020 | HY | Market Commentary: NFP, G-III Apparel price; SeaWorld trades up; Calpine improves; Apache jumps
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7/29/2020 | HY | Market Commentary: SeaWorld prices; Cenovus at a premium; Graham Packaging in demand; Tupperware skyrockets
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7/28/2020 | HY | Market Commentary: Graham Packaging prices, soars in aftermarket; Cenovus upsizes; Calpine in focus; Summit gains
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7/27/2020 | HY | Market Commentary: Summit, Calpine price; Eldorado active; Charter gains continue; Diamond Sports drops
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7/24/2020 | HY | Market Commentary: Blue Yonder trades up; Fortress holds on to gains; Diamond Sports notes rally
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7/23/2020 | HY | Market Commentary: Blue Yonder, Fortress price; Surgery Center adds on; travel active; funds add $3.9 billion
|
7/22/2020 | HY | Market Commentary: Diamond Resorts, Blue Yonder, Empire Resorts on tap; Charter, MasTec, Clear Channel trade up
|
7/21/2020 | HY | Market Commentary: Charter, Clear Channel and MasTec upsize; Wyndham, POWDR trade up; Occidental gains
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7/20/2020 | HY | Market Commentary: Wyndham, POWDR price; MasTec on tap; Norwegian flat; Ford gains; Icahn Enterprises active
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7/17/2020 | HY | Market Commentary: BBB inks $240 million; Norwegian firm; Carnival, Pattern Energy rise
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7/17/2020 | HY | Market Commentary: Market Commentary: BBB Industries prices; funds see big Thursday inflows
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7/16/2020 | HY | Market Commentary: Norwegian launches; Gamenet prices; Carnival higher; American Airlines lower
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7/15/2020 | HY | Market Commentary: Carnival, Ryerson price; Carnival notes firm; Delta rises; Pattern Energy, Freeport-McMoRan gain
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7/15/2020 | HY | Market Commentary: Morning Commentary: Carnival talks oversubscribed two-part deal; airlines, energy pop in secondary
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7/14/2020 | HY | Market Commentary: Primary brings $1.2 billion; Freeport-McMoRan at par; Boise Cascade positive
|
7/13/2020 | HY | Market Commentary: Freeport-McMoRan, Boise Cascade price; Macy’s rises; Diebold pushes higher; Carnival positive
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7/10/2020 | HY | Market Commentary: Carpenter prices; Blue Racer withdraws; Rattler Midstream trades up; Diebold weakens
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7/10/2020 | HY | Market Commentary: Morning Commentary: Carpenter Technology, Blue Racer on deck for quiet summer Friday
|
7/9/2020 | HY | Market Commentary: Diebold Nixdorf prices, Allied adds on; Alcoa flat; funds add $2.13 billion
|
7/8/2020 | HY | Market Commentary: Taylor Morrison, Alcoa, Studio City price; TripAdvisor soars; Avantor gains; AA sinks
|
7/7/2020 | HY | Market Commentary: Avantor, TripAdvisor price; Diebold, Rattler Midstream on tap; Charter flat; Delta active
|
7/6/2020 | HY | Market Commentary: Charter prices; thyssenkrupp active; Occidental gains continue; Uber catches a bid
|
7/6/2020 | HY | Market Commentary: Morning Commentary: Charter Communications notes on tap; Occidental gains continue
|
7/2/2020 | HY | Market Commentary: RENK, Titan price; Forterra, New Enterprise move up; funds see record $5.55 billion outflow
|
7/1/2020 | HY | Market Commentary: New Enterprise, Forterra price; thyssenkrupp, Winnebago trade up; Occidental gains continue
|
6/30/2020 | HY | Market Commentary: Thyssenkrupp megadeal, ams, Winnebago price; Carnival, Royal Caribbean improve; PG&E active
|
6/29/2020 | HY | Market Commentary: Enviva, Garda add-on; Occidental notes in focus, improve; Spectrum at a premium
|
6/26/2020 | HY | Market Commentary: Occidental megadeal, Spectrum price; United Mileage holds premium; AA down again
|
6/25/2020 | HY | Market Commentary: Ardonagh, Mileage Plus, Meredith price; Occidental on deck; AA lags; DISH at a premium
|
6/24/2020 | HY | Market Commentary: June pushes to nearly $50 billion with deals from AA, DISH and Minerals; travel sells off
|
6/23/2020 | HY | Market Commentary: Navios prices; Mileage Plus/United Airlines, AA, VTR on deck; Spirit AeroSystems falls
|
6/22/2020 | HY | Market Commentary: CommScope prices; American Airlines, United Mileage on deck; Eldorado/Caesars notes in focus
|
6/19/2020 | HY | Market Commentary: Eldorado/Caesars megadeal prices, heaviest volume week for new issuance in junk history
|
6/18/2020 | HY | Market Commentary: Six issuers sell $3.8 billion; new notes struggle in secondary; funds add $1.24 billion
|
6/17/2020 | HY | Market Commentary: Eight issuers sell $5.92 billion; Eldorado/Caesars megadeal on deck; recent issues up
|
6/16/2020 | HY | Market Commentary: Primary sells $6.79 billion in nine deals; PG&E circulates talk; secondary gains continue
|
6/15/2020 | HY | Market Commentary: PG&E eyed; Lummus, Radio Systems on tap; W.R. Grace at a premium; Wynn Macau flat; Ford gains
|
6/12/2020 | HY | Market Commentary: Wynn Macao, Grace price; PG&E buzz continues; Delta, Level 3 rebound; Hertz in focus
|
6/11/2020 | HY | Market Commentary: MGM China, Watco price; Wynn Macau on deck; Delta sells off; Level 3 lags; GrubHub gains
|
6/10/2020 | HY | Market Commentary: Acadia, Level 3, Delta, New Gold price; Hillenbrand, Realogy, BWX up; American Axle lags
|
6/9/2020 | HY | Market Commentary: Realogy, American Axle, BWX and Hillenbrand price; SiriusXM lags; Macy’s volatile
|
6/8/2020 | HY | Market Commentary: SiriusXM, International Came, Griffon price; Realogy, Hillenbrand on deck; Royal Caribbean higher; Univision slips
|
6/5/2020 | HY | Market Commentary: NMI prices; PG&E on tap; L Brands above 105 and 107; Royal Caribbean, Univision gain
|
6/5/2020 | HY | Market Commentary: Morning Commentary: Jobs report sends junk market ‘ripping,’ Ardagh, NMI notes on deck
|
6/4/2020 | HY | Market Commentary: Royal Caribbean, L Brands, Univision bring megadeals; WPX flat; Service Properties soars
|
6/3/2020 | HY | Market Commentary: WPX Energy, TRI Pointe, Meritor price; secondary ‘on fire’; new deals trade up
|
6/2/2020 | HY | Market Commentary: Primary prices $4.85 billion in six tranches; WillScot, Axalta, Virgin Media trade up
|
6/1/2020 | HY | Market Commentary: WillScot, Axalta price; Virgin Media pricing expected; Wesco in focus; Ford, Macy’s gain
|
5/29/2020 | HY | Market Commentary: Wesco prices, rips out of gate; INTL FCStone, Ortho-Clinical skyrocket; Molina at a premium
|
5/28/2020 | HY | Market Commentary: Six issuers price $3.57 billion; Macy’s, DaVita weaken; funds have record weekly inflow
|
5/27/2020 | HY | Market Commentary: Macy’s, Par Pacific price; Park Hotels adds; Microchip, DaVita in focus; Ardagh moves up
|
5/26/2020 | HY | Market Commentary: DaVita, Ardagh, Microchip price; Macy’s, Wesco on tap; Ford, U.S. Steel, Live Nation gain
|
5/22/2020 | HY | Market Commentary: Secondary rebounds from March lows; U.S. Steel, PPD, Teleflex trade at steep premiums
|
5/22/2020 | HY | Market Commentary: Morning Commentary: Ziply, US Steel rocket into secondary; funds see massive Thursday inflows
|
5/21/2020 | HY | Market Commentary: Primary prices $2.9 billion; Newell trades up; Herbalife flat; funds add $1.64 billion
|
5/20/2020 | HY | Market Commentary: Herbalife, Newell price; Goodyear adds on; Edgewell, Park Hotels gain; Talen flat
|
5/19/2020 | HY | Market Commentary: Edgewell, Cushman & Wakefield, Park Hotels, Talen price; SBA, Clearway Energy add-on
|
5/18/2020 | HY | Market Commentary: MSCI, Inspire price; Standard, Uber add-on; fallen angels in focus; Ford, Occidental gain; Kraft Heinz active
|
5/15/2020 | HY | Market Commentary: Primary quiet; Olin, BMC Software trade up; Live Nation gains continue
|
5/14/2020 | HY | Market Commentary: BMC prices; Live Nation, Power Solution, Boyd gain in secondary; Uber, Outfront Media lag
|
5/13/2020 | HY | Market Commentary: Eight high-yield issuers price $4.67 billion; Royal Caribbean gets junk execution
|
5/12/2020 | HY | Market Commentary: Viking Cruises, OneMain/Springleaf, Match, Radian price; Encompass adds-on; Bausch dominates, Lamar flat
|
5/11/2020 | HY | Market Commentary: Bausch Health, Lamar Media, PowerTeam price; Ford breaks par; Callon Petroleum gains
|
5/8/2020 | HY | Market Commentary: Venator, Valvoline price; United scraps offering; PBF, Lamb Weston, Azek up 3 to 4 points
|
5/7/2020 | HY | Market Commentary: Lamb Weston, Azek price; United sees pushback; new deals move up; funds add $3.54 billion
|
5/6/2020 | HY | Market Commentary: Marriott, William Carter, O-I Glass, Wolverine price; United Airlines on deck; Norwegian Cruise, Avis above issue price
|
5/5/2020 | HY | Market Commentary: Norwegian Cruise, Avis price with discounts; Compass adds-on; Kraft Heinz in focus; Occidental gains
|
5/4/2020 | HY | Market Commentary: Kraft Heinz upsizes; NFP prices; Avis on deck; Del Monte trades up; airlines trade off
|
5/1/2020 | HY | Market Commentary: Del Monte prices at a discount; Hanesbrands in focus; MGM slides; Hertz down again
|
5/1/2020 | HY | Market Commentary: Morning Commentary: Market slips in thin trading; Hanesbrands bonds hold modest premium
|
4/30/2020 | HY | Market Commentary: Hanesbrands, Alight Solutions price; Del Monte on tap; PolyOne, Arconic, Vail trade up
|
4/29/2020 | HY | Market Commentary: PolyOne, Arconic price; Kaiser Aluminum adds-on; Ford, Cenovus Energy gain; Hertz sell-off continues
|
4/28/2020 | HY | Market Commentary: Primary quiet; Ford in focus; Jeld-Wen trades up; Gap at a premium; Spirit AeroSystems improves
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4/28/2020 | HY | Market Commentary: Morning Commentary: Junk opens better; investors scan for offers as primary goes quiet
|
4/27/2020 | HY | Market Commentary: Delta upsizes; Kohl’s at a discount; Jeld-Wen drives by; Tronox flat; US Foods improves
|
4/24/2020 | HY | Market Commentary: Tronox prices; Gap, Entegris, MGM struggle; XPO, US Foods flat; Netflix, Expedia move up
|
4/23/2020 | HY | Market Commentary: Nine issuers tap primary; Aramark, GFL Environmental flat
|
4/22/2020 | HY | Market Commentary: GFL Environmental, Howmet Aerospace; Aramark price; Netflix eyed; new issues in focus
|
4/21/2020 | HY | Market Commentary: Eight issuers tap primary market; Cedar Fair flat; Adient trades up; Ford weakens
|
4/20/2020 | HY | Market Commentary: Cedar Fair, Adient price; Sally Beauty on deck; Ford, AMC flounder; oil turns negative
|
4/17/2020 | HY | Market Commentary: Ford brings $8 billion in three tranches; AMC prices at a discount; Hilton, CDW trade up
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4/16/2020 | HY | Market Commentary: CDW, Hilton price; Change Healthcare adds on; Six Flags, Cleveland-Cliffs soar
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4/15/2020 | HY | Market Commentary: Cleveland-Cliffs, Hannon Armstrong, Six Flags price; Energizer adds-on; Spirit AeroSystems at a premium
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4/14/2020 | HY | Market Commentary: Spirit AeroSystems, Marriott price; Sabre, Cinemark, Burlington trade up; TransDigm active
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4/13/2020 | HY | Market Commentary: Cinemark, Sabre, Burlington price; TransDigm, Ferrellgas add-on; fallen angels weaken
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4/9/2020 | HY | Market Commentary: Secondary catches a bid; Nordstrom, Ferrellgas trade up; fallen angels skyrocket
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4/9/2020 | HY | Market Commentary: Morning Commentary: Market rockets as Fed steps beneath fallen angels; Ford, Carnival up
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4/8/2020 | HY | Market Commentary: Ferrellgas, Nordstrom price; NCR skyrockets; Wynn Resorts, Ardagh trade up
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4/7/2020 | HY | Market Commentary: Wynn Resorts, NCR, Ardagh add-on price; LifePoint in focus; Continental Resources adds to gains
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4/6/2020 | HY | Market Commentary: LifePoint prices; Ardagh Packaging dominates; Tenet Healthcare gains; Continental Resources jumps
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4/6/2020 | HY | Market Commentary: Morning Commentary: LifePoint Health brings $500 million drive-by as market rallies
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4/3/2020 | HY | Market Commentary: Ardagh Packaging prices; Restaurant Brands tumbles; Tenet Healthcare, TransDigm trade up
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4/3/2020 | HY | Market Commentary: Morning Commentary: Ardagh brings $500 million drive-by; Tenet, Restaurant Brands gain
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4/2/2020 | HY | Market Commentary: TransDigm, Restaurant Brands, Tenet price; Carnival flat; record $7 billion funds inflow
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4/1/2020 | HY | Market Commentary: Carnival prices $4 billion offering; Yum! Brands weakens; AA drops; Sprint active post-merger
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3/31/2020 | HY | Market Commentary: Carnival on deck; Yum! skyrockets; Envision Healthcare tanks; BWAY drops on earnings
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3/31/2020 | HY | Market Commentary: Morning Commentary: Yum! notes rocket in trading; Carnival whispered at 12½% at discount
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3/30/2020 | HY | Market Commentary: Yum! reopens primary; Ford, Occidental Petroleum dominate; Western Midstream distressed
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3/30/2020 | HY | Market Commentary: Morning Commentary: Primary reopens with Yum! Brands drive-by; funds see Friday inflows
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3/27/2020 | HY | Market Commentary: Secondary ends wild week on firm footing; Occidental, Ford stay in focus; U.S. Steel drops
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3/27/2020 | HY | Market Commentary: Morning Commentary: Credit outperforms equity as three-day stock market rally ends
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3/26/2020 | HY | Market Commentary: Primary eyed; Ford in focus as fallen angel; TransDigm higher; funds lose $2.03 billion
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3/26/2020 | HY | Market Commentary: Morning Commentary: Covid-19 sensitive names lifted as markets stage Thursday rally
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3/25/2020 | HY | Market Commentary: Secondary gains continue; Altice soars on earnings; HCA, TransDigm gain on stimulus package
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3/25/2020 | HY | Market Commentary: Morning Commentary: Altice notes up sharply on results; credit outperforming equity
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3/24/2020 | HY | Market Commentary: Secondary space gains, credit spreads tighten; Ford, Delta eyed; HCA, Tenet Healthcare improve
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3/24/2020 | HY | Market Commentary: Morning Commentary: Focus remains on quality junk bonds as ‘stimulus’ news lifts markets
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3/23/2020 | HY | Market Commentary: High yields in distressed territory; Charter in focus, mixed; Occidental Petroleum eyed
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3/23/2020 | HY | Market Commentary: Morning Commentary: Distressed accounts eyeball discounted high grade, crossover paper
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3/20/2020 | HY | Market Commentary: Meltdown continues; Occidental rebounds; Tupperware active post downgrade; HCA improves
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3/20/2020 | HY | Market Commentary: Morning Commentary: High-yield market continues to gyrate as a few buyers step forward
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3/19/2020 | HY | Market Commentary: Occidental sinks on downgrade; Tesla active; Charter mixed; funds lose $2.9 billion
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3/19/2020 | HY | Market Commentary: Morning Commentary: Occidental bonds slide post-downgrade; junk spreads top 1,000 bps
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3/18/2020 | HY | Market Commentary: Trading light as market rout continues; credit spreads widen; Washington Prime Group trades down
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3/18/2020 | HY | Market Commentary: Morning Commentary: Junk gyrates as more Fed support arrests early Wednesday market dive
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3/17/2020 | HY | Market Commentary: Sell-off stymied; Uber in focus; Tesla improves; Boyd Gaming plummets
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3/17/2020 | HY | Market Commentary: Morning Commentary: Volatility slows; junk lower on thin volume; cash flows moderate
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3/16/2020 | HY | Market Commentary: Trading light as credit spreads continue to blow out; energy names crater; HCA down again
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3/16/2020 | HY | Market Commentary: Morning Commentary: High yield, ex-energy, slides 4 to 5 points as most sectors widen
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3/13/2020 | HY | Market Commentary: Secondary pares losses from unprecedented week; Altice mixed; HCA bid up
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3/13/2020 | HY | Market Commentary: Morning Commentary: Junk catches bid on Friday morning after trailing ‘week from hell’
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3/12/2020 | HY | Market Commentary: Sell-off continues; TransDigm in focus; Uniti, Centene below par; funds lose $4.94 billion
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3/12/2020 | HY | Market Commentary: Morning Commentary: Junk searches for bid as markets flail and stocks trip breakers
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3/11/2020 | HY | Market Commentary: Secondary erases gains; Charter in focus; Scientific Games, Golden Nugget tank; funds see record outflows
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3/11/2020 | HY | Market Commentary: Morning Commentary: Junk opens weak; energy slide continues; funds see massive outflows
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3/10/2020 | HY | Market Commentary: Secondary rebounds; American Airlines in focus; Sprint gains; energy sector improves
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3/10/2020 | HY | Market Commentary: Morning Commentary: Junk issuers, including energy, enjoy Tuesday morning rebound
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3/9/2020 | HY | Market Commentary: Primary silent; secondary market down double digits; energy sector craters
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3/9/2020 | HY | Market Commentary: Morning Commentary: High-yield energy bonds nosedive as investors fear mass bankruptcies
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3/6/2020 | HY | Market Commentary: New deal volume expected to stay thin; Charter volatile; HCA below par; energy plummets
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3/6/2020 | HY | Market Commentary: Morning Commentary: Volatility reigns as ‘safe’ credits slip; ETFs see Thursday outflow
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3/5/2020 | HY | Market Commentary: Sell-off intensifies; Science Applications soars; funds see record $5.13 billion outflow
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3/5/2020 | HY | Market Commentary: Morning Commentary: Charter, SAIC climb in trading; junk continues to outperform stocks
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3/4/2020 | HY | Market Commentary: Charter, Science Applications price; Del Monte joins calendar; health care names rally
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3/3/2020 | HY | Market Commentary: SAIC on tap; Cleveland-Cliffs trades up; Kraft Heinz gains; AA down again
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3/3/2020 | HY | Market Commentary: Morning Commentary: Junk opens unchanged; new Cleveland-Cliffs 6¾% notes trade higher
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3/2/2020 | HY | Market Commentary: Cleveland-Cliffs prices; Bausch Health pulls offering; Uniti in focus; Tutor Perini jumps
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2/28/2020 | HY | Market Commentary: Primary market on hold; Kraft Heinz, EQT active; Whiting rebounds; AMC sinks
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2/28/2020 | HY | Market Commentary: Morning Commentary: Pressured by big outflows, high-yield ETFs lead market lower
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2/27/2020 | HY | Market Commentary: AA in tailspin; Diamond trades off; energy tanks; funds see record $4.2 billion outflow
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2/27/2020 | HY | Market Commentary: Morning Commentary: Junk sell-off underway; funds tracking possible $4 billion outflows
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2/26/2020 | HY | Market Commentary: Cleveland-Cliffs on tap; American Airlines tanks; energy losses mount; HYG sees record outflow
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2/26/2020 | HY | Market Commentary: Morning Commentary: Junk ETF HYG sees record $1.57 billion outflow; market steadies
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2/25/2020 | HY | Market Commentary: Bausch Health offering eyed; Mallinckrodt skyrockets; Endo, Teva gain; Tupperware nosedives
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2/25/2020 | HY | Market Commentary: Morning Commentary: Mallinckrodt bonds jump on reported opioid liability settlement
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2/24/2020 | HY | Market Commentary: Secondary space soft; Graphic Packaging holds; Zayo, HCA weaken; Nabors trades off
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2/24/2020 | HY | Market Commentary: Morning Commentary: Virus concerns take junk down 1-2 points amid global stock sell-off
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2/21/2020 | HY | Market Commentary: Graphic Packaging prices; Zayo mixed; Mattamy flat; AA struggles; Freeport-McMoRan lower
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2/20/2020 | HY | Market Commentary: Zayo, AA price; Advantage Solutions on deck; Freeport-McMoRan lags; MSCI trades up
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2/19/2020 | HY | Market Commentary: Freeport-McMoRan, MSCI, Silgan price; Zayo megadeal on deck; Tallgrass, Forestar active
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2/18/2020 | HY | Market Commentary: Forestar, Tallgrass Energy price; Kraft Heinz in focus, firms; Bombardier gains
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2/14/2020 | HY | Market Commentary: Hecla Mining trades up; Kraft Heinz downgraded to junk; EQT downgraded again; Uniti gains
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2/13/2020 | HY | Market Commentary: Zayo megadeal on deck; Hecla Mining prices; Bombardier gains; HCA continues to ‘flounder’
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2/13/2020 | HY | Market Commentary: Morning Commentary: Zayo rolls out $3.08 billion as junk sags in early Thursday trading
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2/12/2020 | HY | Market Commentary: HCA lags; LifePoint, Post, APX, Buckeye, Brookfield at a premium; Whiting drops
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2/12/2020 | HY | Market Commentary: Morning Commentary: Buyers sluff off coronavirus jitters, pile into junk; Sprint soars
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2/11/2020 | HY | Market Commentary: Primary prices $4.15 billion in seven tranches; HCA upsizes to $2.7 billion; Sprint skyrockets
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2/10/2020 | HY | Market Commentary: United Rentals, Valvoline, Block Communications price; L Brands jumps; Southwestern Energy sinks
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2/7/2020 | HY | Market Commentary: Builders FirstSource, Shea Homes trade up; Match, Parsley Energy flat; Uniti comes in
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2/7/2020 | HY | Market Commentary: Morning Commentary: High-yield market opens flat; junk ETFs see strong daily inflows
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2/6/2020 | HY | Market Commentary: Allen Media, Parsley Energy, Builders FirstSource, Match Group price; Asbury, Uniti trade up
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2/5/2020 | HY | Market Commentary: Centene, Uniti, Asbury Automotive, VodafoneZiggo megadeals price; Innophos, Arconic skyrocket
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2/4/2020 | HY | Market Commentary: Arconic, Banijay, Innophos, Griffon price; Charter trades up; Open Text loses steam; Teva gains
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2/3/2020 | HY | Market Commentary: Charter, Open Text price; Asbury Automotive, Husky join calendar; Advisor Group flat; Cision trades up
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1/31/2020 | HY | Market Commentary: Advisor Group, Cision, Flexential price; Sprint flat; PTC trades up; Adient, HC2 gain
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1/31/2020 | HY | Market Commentary: Morning Commentary: New PTC bonds up in active trading; new Sprints around issue price
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1/30/2020 | HY | Market Commentary: Sprint, PTC price; QVC trades up; Dealer Tire level; VICI active; Tesla gains
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1/29/2020 | HY | Market Commentary: Dealer Tire, QVC, Allied Universal add-on price; Sprint, PTC on deck; Intelsat crumbles; L Brands gains
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1/28/2020 | HY | Market Commentary: QVC, Innophos, Arconic join forward calendar; Delphi skyrockets on buyout; recent deals rebound
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1/27/2020 | HY | Market Commentary: Advisor Group, Cision, Dealer Tire on tap; Radiology Partners trades up; Station Casinos lags
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1/27/2020 | HY | Market Commentary: Morning Commentary: Junk ETFs hemorrhage record $1.73 billion outflows; volatility eyed
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1/24/2020 | HY | Market Commentary: Radiology Partners, Station Casinos price; Lamar mixed; Altice, Navient wane; CHS higher
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1/23/2020 | HY | Market Commentary: CHS, Altice, Navient, Garda, Adams Homes, Icahn add-on price; VICI, Albertsons at a premium
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1/22/2020 | HY | Market Commentary: VICI Properties, Albertsons, Baytex price; Altice, Stena on deck; Holly Energy, SBA Communications gain
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1/21/2020 | HY | Market Commentary: Holly Energy, SBA Communications price; Albertsons, VICI Properties on deck; EQT, Range Resources sink
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1/17/2020 | HY | Market Commentary: Radiology on tap; CenturyLink, ADT, Air Transport, MEG, Ortho-Clinical, PBF at a premium
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1/16/2020 | HY | Market Commentary: Ortho-Clinical, ADT, Air Transport, MEG Energy, PBF price; Presidio up; Ladder Capital flat
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1/15/2020 | HY | Market Commentary: Presidio, Ladder Capital price; PBF Holding on deck; Novelis active; Teva gains; Chemours drops
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1/14/2020 | HY | Market Commentary: Presidio on deck; Novelis in focus; Mr. Cooper, Ashton Wood at a premium; Range Resources improves
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1/13/2020 | HY | Market Commentary: Novelis, Ashton Woods, Mr. Cooper price; Air Transport on deck; CVR Energy, Laredo Petroleum lag
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1/10/2020 | HY | Market Commentary: Laredo Petroleum, CVR Energy price; Range Resources, Genesis Energy lag; Tegna improves
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1/9/2020 | HY | Market Commentary: Range Resources prices; First Quantum taps; RIG falls flat; Altice at a premium; Grubhub gains
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1/8/2020 | HY | Market Commentary: Altice, Transocean price; Range Resources on deck; Tegna, WPX, Nabors, M/I Homes at a premium
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1/7/2020 | HY | Market Commentary: Tegna, WPX Energy, Nabors, M/I Homes price; MDC mixed; Icahn active
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1/6/2020 | HY | Market Commentary: MDC, Icahn tap price; Nabors, Laredo Petroleum on deck; Oasis, Whiting, Western Midstream gain
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1/3/2020 | HY | Market Commentary: January supply eyed; energy names skyrocket; Chesapeake’s new secured notes in focus
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1/3/2020 | HY | Market Commentary: Morning Commentary: Amid low post-holiday liquidity, energy surges on Persian Gulf war fears
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1/2/2020 | HY | Market Commentary: Secondary trading volume light; Harland Clarke gains; Maxar Technologies active
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1/2/2020 | HY | Market Commentary: Morning Commentary: Harland Clarke bonds active, as yawning post-holiday junk market reactivates
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