Were regulatory warnings about bond market herding borne out in the high yield sell off and rebound?
Continue reading..Were regulatory warnings about bond market herding borne out in the high yield sell off and rebound?
Continue reading..There have been plenty of words written about the high-yield corporate bond market in the last week, but sometimes a chart expresses things better than words.
Continue reading..Junk bond funds are seeing record outflows. This has been described as a 'six-sigma event', in other words, six standard deviations away from the mean weekly flow, something that if normally distributed should only be expected once in millions of years. By definition that's unusual, but in the context of broader investment in riskier corporate…
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