IG Hangover As HY and TSYs Underperform On A Slow Equity Day

Tyler Durden's picture

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kito's picture

calm before the storm...........

Rhone_Ranger's picture

All those charts tell me is that it's time for a couple of pints of Pliney the Elder and some chicken wings?

jonan's picture

what exactly is "CONTEXT"???

Ragnar24's picture

I've looked for the actual components (to no avail), but in general it's a proprietary index of risk assets ex-ES (I assume it's predominately credit products (specifically high yield corporates and sovereigns)). 

I'm sure you'd prefer more than a hypothesis, but if this is your first time seeing it then that explanation should help!

Others can correct me...

lolmao500's picture

Silver always getting crushed...

DavidPierre's picture

"...there are a lot of painful technicals impacting the credit market currently that make comparisons very hard and we worry that this will reduce liquidity and further reduce market efficiency."

"White Shoe Jonnie C.", the boys at CME and all the usual by slack-jawed yokkles stoled $3B.

A great rant!

Ann Barnhardt: The Entire Futures/Options Market Has Been Destroyed by the MF Global Collapse


"These are evil...evil people..."


lolmao500's picture

OT :

Our ``friends`` in Israel :


Israeli Government Tells Israelis Not to Marry American Jews
The Israeli government has launched an aggressive advertising campaign in the U.S. to discourage its expats from marrying American Jews—who some see as not really Jews at all.

Spreading freedom and democracy :


Jailed Afghan rape victim freed but 'to marry attacker'
Afghan President Hamid Karzai has pardoned a rape victim who was jailed for adultery, after she apparently agreed to marry her attacker.

lolmao500's picture

Even better :


Wisconsin DA charges 6 y.o. boy with a first-degree felony for playing doctor with 5 y.o. girl

non_anon's picture

hair of the dog

lolmao500's picture

Very bullish, bitches :


Al Qaeda Says it is Holding a U.S. Hostage in Pakistan

Al Qaeda claimed responsibility Thursday for the kidnapping of a 70-year-old American aid worker in Pakistan in August, and issued a series of demands for his release.
In a video message posted on militant websites, al-Qaeda leader Ayman al Zawahri said Warren Weinstein would be released if the United States stopped airstrikes in Afghanistan, Pakistan, Somalia and Yemen.


Time for some WAR to begin...

chump666's picture

Very good analysis.  Credit will come under pressure end yr, so our Santa rally just happened.  The NFP comes in strong or weak, markets will sell on the fact.  Volumes fall away rallies will start to roll over on the upper ranges.  But bets on NFP is going to be disappointing. 

Scrilla's picture

Is the high yield bond-derived ETF really a realiable benchmark? Why not use the CSHY?