Episode Details
Back to Episodes
Supply and demand dynamics supporting markets
Episode 89
Published 9 months, 3 weeks ago
Description
Strong inflows. Low issuance. High cash balances. Peter Keenan, Senior Trader on the BlueBay U.S. Fixed Income team, explores why High Yield is holding strong.
- $5.3B in YTD inflows, led by fast-moving ETF money
- Limited new issuance – currently -18% vs. last year
- Elevated cash balances and muted dealer inventories
If geopolitical risks ease and issuance remains slow, spreads could have room to tighten from here.