Advantage Data High Yield Bond Market Summary

INVESTMENT-GRADE DEBT NARROWLY EDGED OUT JUNK BONDS in net prices linked to actual trades.  Equities failed to find a direction upon the release of revised GDP growth cutting the fourth-quarter growth to 2.2 percent from 2.6 percent, well below the 3 percent annual target.  Economists blame softer consumer spending and a decline in business investment from China, a result of the ongoing trade dispute.  The 10-year Treasury note advanced 1.4 basis points. S&P +0.39%, DOW +0.37%, NASDAQ+0.37% 

INVESTMENT-GRADE DEBT NARROWLY EDGED OUT JUNK BONDS in net prices linked to actual trades.  Equities failed to find a direction upon the release of   revised GDP growth cutting the fourth-quarter  growth to 2.2 percent from 2.6 percent, well below the 3 percent annual target.  Economists blame   softer consumer spending  and a decline in business investment from China, a result of the ongoing trade dispute.  The   10-year Treasury note advanced 1.4 basis points.   S&P  +0.39%,   DOW  +0.37%,   NASDAQ+0.37% 

THE TEN-YEAR TREASURY YIELD FALLS BELOW 2.4 PERCENT sending equities into free-fall before rising trimming losses prior to market close. Investors fear of a looming recession given the yield inversion however, “Based on history, we get another year and a half or so before recession”. In addition, markets pounder whether the Fed will cut interest rates this year in wake of wake economic data. The 10-year U.S. Treasury note sank 3.9 basis points. S&P -0.46%, Dow -0.13%, NASDAQ -0.63%

THE TEN-YEAR TREASURY YIELD FALLS BELOW 2.4 PERCENT  sending equities into   free-fall  before rising   trimming losses  prior to market close. Investors fear of a   looming recession  given the yield inversion however, “ Based on history, we get another year and a half or so before recession”.  In addition, markets pounder whether the   Fed will cut interest rates  this year in wake of wake economic data. The   10-year U.S. Treasury note sank 3.9 basis points.  S&P  -0.46%,   Dow  -0.13%,   NASDAQ  -0.63%

TREASURY YIELDS STABILIZED following Friday’s bond market rally and inversion of the 3-month bill and 10-year note. The Federal Housing Authority is tightening lending standards “flagging more loans as high risk” concerned lenders are making loans that will default.  The average credit score of a homebuyer seeking a mortgage significantly decreased over the past seven years to 620 compared to 701 in 2011.  The 10-year U.S. Treasury note fell 4.3 basis point.  S&P -0.07%, Dow +0.1%, NASDAQ -0.08%