Credit market commentary: January 2021
Credit markets rose through the first few weeks of the month on stimulus optimism and firm technicals in the loan market. However, equity volatility weighed on both asset classes in January’s final week
Credit market commentary: December 2020
Vaccine-fueled optimism drove credit markets steadily higher throughout December.
Credit market commentary: November 2020
Credit rallied amid broad market strength in November on news of multiple potentially viable COVID-19 vaccines.
Credit market commentary: October 2020
Credit markets remained positive in October, despite experiencing weakness during the last week of the month alongside a sell-off in equities.
Credit market commentary: September 2020
Credit markets were mixed in September, with HY Bonds posting a -1.04% return and Senior Secured Loans returning 0.63%. Interest rates remained relatively rangebound throughout the month and the duration-sensitive Barclays Agg returned -0.05%, its second straight monthly decline.
Credit market commentary: August 2020
Credit markets climbed steadily higher throughout a relatively quiet August, with HY Bonds and Senior Secured Loans returning 0.98% and 1.49%, respectively. Interest rates rose throughout the month following the Fed’s inflation policy shift, sending the duration-sensitive Barclays Agg down -0.81%.