Think

LevFin Insights BDC Portfolio News 5-13-19

Posted by Thomas Dunford on May 14, 2019 10:32:12 AM

Add-ons abound amid renewed wave of M&A; Autodata deal to take out debt held by PSEC

Momentum slowed in the new-issue loan market last week, with the uncertainty surrounding U.S.-China trade negotiations leaving market participants in wait-and-see mode heading into the weekend. While time-sensitive business continues apace, arrangers readying opportunistic deals appeared to be taking a more deliberate approach as events play out on the international stage. Yet high-yield issuance came at a breakneck pace—the $12 billion output was the highest-volume week in almost two years—as U.S. Treasury yields fell. Moreover, the broad secondary markets took the week’s events in stride, with earnings continuing to drive situational movers.

Read More

Topics: High Yield, Analytics, BDC, market analytics, business development company, LevFin Insights, News, research

Yields on the Rise for North American High Yield

Posted by Andrew Robartes on Apr 4, 2019 1:07:37 PM
North American High Yield new issue average yields have been on the incline. Throughout 2018, a steady positive trend can be observed from January to November, when average yield peaked at 8.45%. 
 
Volatility in December effected virtually all markets, as depicted in the North American High Yield average yield chart below. A sharp decline represents a drop in new issues average yield by almost two percent. 
 

The new year has brought new growth to the High Yield space as average yield for North American High Yield new issues has steadily increased month over month.
Read More

Topics: High Yield, bonds, junk bonds, bond market

Fed announces fourth rate hike of 2018, markets react

Posted by David Diggins on Dec 20, 2018 12:21:11 PM


On Monday, President Trump criticized the Fed for even considering raising rates, yet on Wednesday the Federal Open Market Committee announced its decision to raise the Fed Funds rate ¼ of a percent from 2.25% to 2.5% -- the fourth such increase in 2018.

Read More

Topics: High Yield, Analytics, bonds, junk bonds, market analytics, New Issues, Finance, Equity, Fixed Income, News

North American Market Summary: High Yield Bond Research, December 17, 2018

Posted by Corey Mahoney on Dec 18, 2018 3:04:38 PM

U.S. TREASURY YIELDS SLID ON MONDAY APPROACHING three-month lows as investors fled to safe-haven assets. The 10-year benchmark settled near 2.857% losing 3.6 basis points while the inverted 2-year and 5-year Treasury yield gap narrowed to .3 basis points.
Read More

Topics: High Yield, bond market, market analytics, Finance, News, research

Industry Sectors in High Yield: A Yield Comparison

Posted by David Diggins on Dec 13, 2018 11:04:20 AM

Back in 2015, Marty Fridson, Chief Investment Officer at Lehmann, Livian, Fridson Advisors LLC, spoke with Barron's on the topic of high yield industries most sensitive to rising interest rates.

Read More

Topics: High Yield, junk bonds, bond market, market analytics, YTW, Fixed Income, News, interest rate


Are you using AdvantageData?

AdvantageData is your fixed income solution for pricing, analytics, reports, and insight on approximately:

  • 500,000+ U.S. and international corporate bonds
  • Over 6,200+ CDS reference entities
  • Over 22,000+ syndicated loans
  • Over 100 equity markets worldwide
  • One platform 16 products and services from debt to CDS to loans to mid-market
  • Used by top buy and sell-side firms worldwide

 

Subscribe to Email Updates

Recent Posts