Credit market commentary: August 2018
High-duration fixed income, such as the Barclays Agg, performed well in August due to falling 10-year U.S. Treasury yields. Strong corporate earnings and U.S. economic data provided tailwinds for HY Bonds and Senior Secured Loans.
![](https://fsinvestments.com/wp-content/uploads/2020/01/commentary-market.jpg?w=250&h=150&crop=1)
Credit market commentary: July 2018
HY Bonds and Senior Secured Loans outperformed the Barclays Agg as retail inflows supported the leveraged credit markets on the back of strong monthly returns for U.S. equities.
![](https://fsinvestments.com/wp-content/uploads/2020/01/commentary-market.jpg?w=250&h=150&crop=1)
Credit market commentary: June 2018
High yield bonds and senior secured loans gain in June. Yield curve flattens on rising rate expectations.
![](https://fsinvestments.com/wp-content/uploads/2020/01/commentary-market.jpg?w=250&h=150&crop=1)
Credit market commentary: May 2018
Interest rate sensitivity drove returns during the month as higher-duration assets tended to outperform as 10-year Treasury rates fell.
![](https://fsinvestments.com/wp-content/uploads/2020/01/commentary-market.jpg?w=250&h=150&crop=1)
Credit market commentary: April 2018
As interest rates rose, high yield bonds and senior secured loans outperformed more duration-sensitive asset classes.
![](https://fsinvestments.com/wp-content/uploads/2020/01/commentary-market.jpg?w=250&h=150&crop=1)
Credit market commentary: March 2018
Benefiting from their floating rate coupon and position at the top of the capital structure, senior secured loan prices remained relatively steady in the face of rising short-end U.S. Treasury yields and a decline in U.S. equity prices.
![](https://fsinvestments.com/wp-content/uploads/2020/01/commentary-market.jpg?w=250&h=150&crop=1)