Lipper Reports Largest Ever Weekly High Yield Outflow

Tyler Durden's picture

Just out per Lipper, High Yield recorded its largest weekly outflow ever with a negative $2.8 billion this week. Presumably this is due to the risk off mood in the markets carried over from last week, or maybe just more funds converting out of fixed income and pumping into equities in advance of what even the futures just seem to realize is an inevitability (go ahead, check out the ES chart AH, we dare you). That said, per ICI there was a 3rd consecutive outflow from domestic equity, so perhaps this was simply derisking. Continuing on the Lipper news, the 4 week average dropped from $181 million of inflows to $641 million in outflows, pushing the year to date down by half to just $2.9 billion in inflows. On the other hand, loan funds continues being John Holmes with $9.5 billion in YTD inflows, although just $57 million (down from $686 million) in the last week.

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X. Kurt OSis's picture

And 5 yr HY CDS spreads are 15 tighter since last week...  That sure feels like risk off.  I'll say it again.  Bizarro.

Racer's picture

I think the sooner the world stops using toilet paper as a currency the sooner a real recovery can start

mynhair's picture

This makes no sense, unless it was pumped into the ES.

Commander Cody's picture

Derisking?  Equities to the moon, baby!  QE3 rocks.

IrrationalMan's picture

it is even odder to compare it to the other AH charts and see that it didn't do the same anywere else.  


+1310 and counting


alien-IQ's picture

check out the 1 minute /ES chart at 5.20PM. comical volume and price spike out of nowhere. Up 8 points in 1 minute on nearly 10,000 contracts.

Nothing to see here folks...move along.

SheepDog-One's picture

Must be due to the leaked European trading desk memo that theyre all-in 250% and rockin and rollin.

NotApplicable's picture

Really, who needs the risk of high-yields when The Bernank has got your back?

Still, I wouldn't be surprised if that leak wasn't a preliminary head-fake in order to draw in even more suckers.

Toss out some juicy bait, let a few nibble on it without consequence, then once it gets everyone's attention, scoop 'em all up in one big dragnet. Then they go 250% for reals.

alien-IQ's picture

That was absolutely PERFECT! Great little video. I'll be sharing that one far and wide.

Thanks for posting it:-)

Racer's picture

Yes, that certainly says it like it really is

JW n FL's picture

You are new?? or joking? sarcsm/ ? cause if you are serious we all should share some facts with you.. you will not like them, you will blame us and you will be very angry.. but after a while, you will be thankful that the truth was made available to you and all will be forgiven.. unicorns with skittles flying out of thier butts flying buy!!! Buy, BUY!!!

Element's picture

But ... PBS said there would be no QE3... WTF? ... you sure?


jerry_theking_lawler's picture

no need....reinvestment of previous QE dividends will sustain easing....FOREVER!!!!

FunkyMonkeyBoy's picture

Seriously fella, your charts are junk. They have more lines on them than Charlie Sheen's coffee table. They are wrong way more often than they are right... you're better off flipping a coin to make investment/trading decisions than looking at your charts my friend, give up.

99er's picture

Thanks, dude, but I think the charts are more interesting than your photos.


FunkyMonkeyBoy's picture

God damn, us funky monkeys are all pretty ugly it would seem.

chindit13's picture

Japanese insurers raising least until they realized that the BOJ was going to print all the yen anybody will ever need, thus obviating the need to sell UST's or......anything, ever.

Reese Bobby's picture

Retail flows.  What really matters is what Japenese institutions decide to do.  Pretty obvious...

tp123's picture

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