« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Here's The Real Reason High Yield Energy Credit Risk Collapsed This Morning 

By: capt_nemo in POPE IV | Recommend this post (1)
Wed, 13 Jan 16 12:26 AM | 91 view(s)
Boardmark this board | POPES NEW and Improved Real Board
Msg. 02391 of 47202
Jump:
Jump to board:
Jump to msg. #

Submitted by Tyler Durden on 01/12/2016 - 13:33

A few market participants have noticed that the US High Yield Energy sector's credit risk collapsed 170bps this morning according to Bloomberg's data. This is the biggest plunge (rally) in the index of "incredibly risky stuff" on record and in the face of new cycle lows in crude, borrowing bases contracting, and rig counts crashing, this seemed odd... well here is why the index collapsed (spoiler alert - do not get excited).

http://www.zerohedge.com/news/2016-01-12/heres-real-reason-high-yield-energy-credit-risk-collapsed-morning




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next