Credit Insights

Year-to-date inflows into the high-yield asset class remain a solid $18.4 billion.

The Federal Reserve announced it would extend its program of offering daily overnight repurchase agreements up to $75 billion through November 4.

The corporate bond market traded in an orderly fashion and was relatively quiet last week.

The differing outlook is based on the high degree of uncertainty over potential contagion of slowing economic growth in Asia and Europe spreading to the U.S. economy.

The U.S. announced it would delay the imposition of new tariffs on $250 billion worth of Chinese imports for two weeks.

According to Bloomberg, $74 billion worth of new investment-grade bonds were sold last week.

There are reportedly over $15 trillion worth of bonds currently trading at a negative yield.

After widening most of the week, credit spreads were unable to recoup much of their losses.

High-yield investors head for the exit.