Jason Goepfert

9-25-2020 at 5:32 pm

Daily Report : High-yield bond market goes negative

Breadth in the high-yield bond market has turned negative for the first time in months, with more bonds hitting 52-week lows than highs. That has weighed on sentiment which is registering short-term pessimism. When internal momentum turns like this, it has typically meant more short-term downside but should be a good longer-term sign.

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