Market Data and Insights
U.S. Treasury rates rose last quarter as safe-haven demand waned, but tighter credit spreads more than offset the impact of rising rates.
The amount that credit spreads have tightened has offset the amount that interest rates have risen.
After initial Brexit-induced volatility, corporate credit spreads resumed their tightening trend over the third quarter.
But Bank of Japan modifies focus.
Many high-yield investors decided to head for the sidelines last week.
ECB fails to deliver additional monetary easing.
Tighter credit spreads and falling interest rates have combined to boost corporate bond performance so far this year.
Treasury bonds have risen sharply as global fixed-income investors clamor for yield.
This week, U.S. investors will be focused on the Fed's Jackson Hole symposium.
High-yield fund flows bounce back.
Easy monetary policy and low rates should keep providing a tailwind to corporate bonds, but a further slide in oil prices is a key risk to that outlook.
BOE adds corporate bond purchase program to monetary policy.
High-yield fund flows slow to a standstill.
Even in earnings season, trading volume remains high.
Search for yield drives third-greatest amount of weekly inflows into high yield.
Fed funds futures still pricing in low probability of rate hike this year.
Demand for U.S. corporate bonds grows among foreign investors looking for higher all-in yield, says Morningstar's Dave Sekera.
The impact of the ECB's asset purchase program should at least partially offset Brexit-related volatility.
Fed Funds futures starting to price in potential rate cut.
Declining interest rates, tightening credit spreads, and yield carry have driven gains, says Morningstar's Dave Sekera.
Amount of negative-yielding sovereign bonds continues to grow.
Investment-Grade Bonds Fairly Valued, but Pockets of Overvaluation Appearing
Market calls Fed's bluff.
Investors continue to dump high-yield exchange-traded funds.
Given the bond market's recent gains, now is a good time for investors to re-evaluate their risk capacity and tolerance, Morningstar's Dave Sekera says.
Federal Reserve holds steady; timing of future rate hikes ambiguous.
European Central Bank releases program outline to begin purchasing corporate bonds.
Investors run out of enthusiasm for high yield.
Calm waters attract high-yield investors.
While the U.S. economy should hold its course, slowing economic growth in China and commodity price pressures will continue to impact corporate credit spreads, says Morningstar’s Dave Sekera.
Sliding oil prices send high yield wider.
Investors continued to invest in high-yield sector; inflows likely to slow in upcoming weeks.
But investors should brace for another bout of corporate credit spread volatility.
Investors continue to pour funds into high-yield sector.
The European Central Bank's corporate bond purchase raises questions with few answers.
Higher oil prices and continued steady--albeit slow--economic growth should further spur the recent high-yield market rally.
Economic strength could prompt Fed to raise rates.
Economic metrics bounce back; continued strength could prompt Fed to raise rates in March.
Apple comes to the market yet again.
Bonds lead, equities confirm.
Recent credit spread widening could signal a major economic turning point or just a correction from overvalued levels.
Economic conditions not as bad as headlines appear.
Healthcare rocked by political rhetoric.
European Central Bank intimates additional easing ahead.
Credit spreads wider, but demand for 'right kind' of investment-grade bonds continues.
Weakening commodities prices, slower growth in China, and an overhang of new issuance in investment-grade will weigh on bonds.
Credit spreads and volatility to remain elevated.