Energy market commentary: January 2020
The energy sector started off 2020 with a volatile January. Crude prices fell 15.6%, their worst month since May 2019. The Wuhan coronavirus roiled commodity markets in January. Impacts on demand have already been significant.
Credit market commentary: January 2020
January was a mixed month for leveraged credit. HY Bonds ended January flat while Senior Secured Loans returned 0.56%. The duration-sensitive Barclays Agg rallied as rates fell over 40 bps over the course of the month.
Credit market commentary: December 2019
December was a strong month for leveraged credit, with HY Bonds and Senior Secured Loans posting returns of 2.09% and 1.60%, respectively. The duration-sensitive Barclays Agg ended down slightly on the month.
Energy market commentary: December 2019
The energy sector ended 2019 on a high note. The 2020 election could have an impact on the energy sector.
Credit market commentary: November 2019
Leveraged credit rose in November, with loans outperforming HY Bonds. The duration-sensitive Barclays Agg was unable to recover from an early-month rate spike, ending down slightly on the month.
Energy market commentary: November 2019
Large-cap energy gained while the midstream sector sold off in November. Energy valuations appear relatively cheap heading into 2020.