Read more about the article US Treasury bonds are worse than Junk

US Treasury bonds are worse than Junk

Junk bond ETF outperforms both Treasury and 'investment grade' (IG) bonds As would be expected, nominal junk (HYG) is pretty bearish along with the rest of cyclical/risk 'on' markets. It's…

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Read more about the article Relief, in the form of credit spreads

Relief, in the form of credit spreads

High Yield credit spread eases On March 15 we noted that High Yield option adjusted spreads were rising, which was a distinct economic/financial negative if it were to continue. It…

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Read more about the article Say, do you think risk is still ‘on’?

Say, do you think risk is still ‘on’?

Message from Junk Bonds is still risk 'on' People touting bearish media headlines (like the Omicron/Fed tapering 1-2 punch) may be reinforcing the herd's tendency to react rather than think,…

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Read more about the article Stock market correction: Thus far, normal

Stock market correction: Thus far, normal

The September-October stock market correction is thus far normal It's normal that... After a summer of excessive risk taking and speculation the stock market would take a correction in September…

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indicators

Speculation is Intact by Junk Bond Indicators

Nominal Junk Bonds (HYG) show risk (and speculation) 'on'... With a thus far small easing of the speculative froth lately, Junk Bond indicators continue to not yet show cracks in…

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Read more about the article Junk and Junk’s Ratios to ‘Quality’ Bonds

Junk and Junk’s Ratios to ‘Quality’ Bonds

Junk bonds have not yet cracked as speculation continues The stock market is probably not going to crack until the ultimate sign of rampant speculation cracks. That would be Junk…

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Read more about the article Canaries at Odds

Canaries at Odds

This article calls junk bonds a canary in a coal mine. Analysts often view ructions in the high-yield, or “junk-bond,” market as a canary in the coal mine, or an…

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indicators

Junk Bonds May Finally Be Cracking

Any bearish phase in the broad market would be suspect without junk bonds also going bearish. The top panel is nominal HYG (Junk). The middle is HYG/TLT (Junk/Treasury) and the…

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indicators

Speculative Inflation bounce now suspect

Just as the larger Q4 2019 inflation trade failed miserably, this one is starting to pop its seams and come apart. At least according to these inflation and speculation gauges.…

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Junk finally cracks

Dividend unadjusted HYG broke down a few days ago and for months now we've been noting the breakdowns vs. Treasury and Investment Grade. But today divy adjusted HYG has slipped…

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Read more about the article Who’s Leading You Astray?

Who’s Leading You Astray?

From NFTRH 537's Market Internals segment... "Who's leading you astray, nominal Junk or its hidden bearish indicators?" Junk has since made a new high. Whee, party on Garth! Junk/Investment Grade…

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