Tag Archives: loan
Anticipation, It’s Making Me Wait
And waiting is exactly what the markets did for most of Wednesday, right up until the 2 p.m. press release from the Federal Open Market Committee (FOMC) meeting. Following the press release, markets sold off on confirmation that economic activity has been expanding at a moderate pace. As the release stated, “Labor market conditions have…
- Categories Fixed Income
- Other Tags
- Categories
- Fixed Income
- Other Tags
Bank loan tracked by the S&P/LSTA U.S. Leveraged Loan Index is down 0.34% so far in June while high yield bonds are down 1.51%.
U.S. Treasury Bonds: Treasury notes and bond as measured by the S&P/BGCantor US Treasury Bond Index started the year in negative territory, finally getting their head above water on a consistent basis around the beginning of April. The positive returns did not last long as they slipped into negative territory on May 13th and have…
- Categories Fixed Income
- Other Tags
- Categories
- Fixed Income
- Other Tags
Senior Loans & High Yield Bonds
Duration is everything in a rising interest rate environment. Senior loans, as tracked by the S&P/LSTA U.S. Leveraged Loan 100 Index are down 0.34% month to date. These floating rate below investment grade loans have seen their weighted average yield rise by 19bps since May month end. Meanwhile, fixed rate high yield bonds tracked in…
- Categories Fixed Income
- Other Tags
- Categories
- Fixed Income
- Other Tags