corporate bond bubble

More Order On This Side, To This Point

On this side of “dollar” funding, risk continues to drain, steadily, but rather methodical about it. While China is taking most of the attention, deservedly, credit markets are not enthused about any of what has taken place. Again, I think that is more the yuan’s relation to the “dollar” than of anything else interpreted for or about the PBOC. It [...]

Waiting On The Rest of the Herd

By Jeffrey P. Snider|2015-07-24T14:56:17-04:00July 24th, 2015|Bonds, Economy, Federal Reserve/Monetary Policy, Markets|

With almost everything turning lower this week under “dollar” pressure, it is imperative to keep in mind the apex asset class. In 2007, it was the ABX indices and various mortgage related structures that signified the how far along everything was; in this cycle it is clearly corporate credit. The disarray starts in the riskiest pieces and then moves inward [...]

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