Advantage Data High Yield Bond Market Summary

JUNK BONDS RETAIN A SLIGHT EDGE OVER INVESTMENT-GRADE DEBT in net prices linked to actual trades despite lackluster bank earnings.  Goldman Sachs sank 3.41 percent upon releasing weaker than expected revenue for the first quarter, meanwhile, Citigroup reported a rise in profit by 2 percent from a year ago lifted by an expansion in U.S. consumer banking.  “Both our consumer and institutional businesses performed well and we saw good momentum in those areas where we have been investing,” stated Chief Executive Mike Corbat.  10-year Treasury note slipped 1.9 basis points. S&P -0.07%, DOW-0.11%, NASDAQ -0.07%.

JUNK BONDS RETAIN A SLIGHT EDGE OVER INVESTMENT-GRADE DEBT  in net prices linked to actual trades despite  lackluster bank earnings .  Goldman Sachs sank 3.41 percent upon releasing  weaker than expected revenue  for the first quarter, meanwhile,  Citigroup reported a rise in profit  by 2 percent from a year ago lifted by an  expansion in U.S. consumer banking .  “Both our consumer and institutional businesses performed well and we saw good momentum in those areas where we have been investing,” stated Chief Executive Mike Corbat.   10-year Treasury note  slipped 1.9 basis points . S&P  -0.07%,  DOW -0.11%,  NASDAQ  -0.07%.

RISK-ON SENTIMENT INTENSIFIED FOLLOWING A SLEW OF POSITIVE EARNINGS as the Dow Jones Industrial Average spiked 230 points.   J.P. Morgan and Disney were among the companies that reported on Friday, J.P. Morgan announced the “impact of higher rates” elevated earnings, JPM closed 4.5 percent higher.  Disney surged 11 percent after revealing a rival streaming service to Netflix.  Economic concerns have dissipated, “Strength in [JPMorgan’s] consumer franchise shows that despite the uncertainty in the fourth quarter of last year, consumers continue to spend and give strength to the overall U.S. economy”. 10-year Treasury note rose 6.4 basis points. S&P +0.64%, DOW +0.96%, NASDAQ +0.44%.

RISK-ON SENTIMENT INTENSIFIED FOLLOWING A SLEW OF POSITIVE EARNINGS  as the Dow Jones Industrial Average   spiked 230 points.   J.P. Morgan and Disney were among the companies that reported on Friday,   J.P. Morgan announced the “impact of higher rates”  elevated earnings, JPM closed 4.5 percent higher.    Disney surged 11 percent  after revealing a rival streaming service to Netflix.  Economic concerns have dissipated,   “Strength in [JPMorgan’s] consumer franchise shows that despite the uncertainty in the fourth quarter of last year, consumers continue to spend and give strength to the overall U.S. economy”.   10-year Treasury note rose 6.4 basis points . S&P  +0.64%,   DOW  +0.96%,   NASDAQ  +0.44%.