Fixed Income: Latest News and Analysis

The high-yield bond and leveraged loan markets have experienced a dramatic resurgence in the first half of 2024, with issuance volumes soaring and spreads tightening to 15-year lows. According to Brian Tramontozzi, JP Morgan’s North American head of Leveraged Finance Capital Markets, this rebound is driven by a confluence

US credit markets are exhibiting mixed signals, with investment-grade credit spreads narrowing slightly while high-yield spreads widen, according to the latest report from Moody's Analytics. This divergence reflects a continued belief in a soft landing for the economy, but also growing concerns about the potential for stress among

Despite the impressive expansion of private credit, which has seen assets under management soar to $1.2 trillion in the U.S., JPMorgan argues this growth is not coming at the expense of the high yield market. A note published by the bank on Friday acknowledges a 25% contraction in

China will begin selling a series of long-term special treasury bonds this week, signaling Beijing's commitment to supporting its slowing economy, as reported by Nikkei Asia. The issuance, totaling 1 trillion yuan ($138 billion), will include 20-, 30-, and 50-year bonds, with the first batch of 30-year bonds

US high yield bonds edged lower in April, with the ICE BofA US High Yield Constrained Index (HUC0) declining 1.0% and reducing the year-to-date total return to 0.5%, according to a report published by Nomura. This decline is attributed to stalled progress on inflation and the subsequent rise

Global equity and fixed income markets experienced a challenging April, driven by concerns over persistent inflation and expectations of prolonged high interest rates, according to a report published by JPMorgan. Rising US inflation data and resilient private demand, despite weak first-quarter GDP growth, have fueled concerns that central banks may

Treasury yields edged higher last week, reflecting investor uncertainty amidst mixed economic data and anticipation of the Federal Open Market Committee's (FOMC) upcoming policy decision, says Raymond James in its latest report. Yields on the intermediate to long end of the curve rose between 3 and 6 basis

Nomura is bullish on the fixed income market over the medium term, citing compelling yields and expectations of interest rate cuts by the Federal Reserve later this year. "Rates are ultimately in deeply restrictive territory and will need to be cut repeatedly to avoid undue pressure on economies that