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Dow Jones High Yield Select 10 (MUT)

NYSE
Currency in USD
Disclaimer
215.76
0.00(0.00%)
Real-time Data

Dow Jones High Yield Select 10 Discussions

A major spike in natgas did trigger a slump in corporate bonds.
205 was previously support, now resistance.
Despite weaker energy prices, the corporate bond market fell far steeper.
Crude (blue) and gasoline ( red) are crowding out bonds and the dollar ( yellow).
Capital stampeding out of bonds into crude oil ( blue line).
Crude:corporate bond MUT gap at a record 40%.
Crude - corporate bond gap escalating to 35%. Looks like we will see more of it.
The gap between crude and bonds is escalating to around 30%.
The gap between crude and bonds is escalating to around 30%.
Soaring oil is crowding out bonds.
Crude is crowding out bonds at increasing speed.
There is a sea change going on in global capital flows. Over the last four decades, movements in bonds, equities and commodities have been followed by favouring US bonds and equities ( save haven), now matter if up or down. So, when bonds fell sharply, commodities fell even more than bonds like indicated in the chart for crude oil ( blue line) and corporate High Yield bonds ( MUT). However, the recent fall of corporate high yield bonds, showed now that crude oil sharply increased, despite a steep fall in corporate bonds. Is this the end of the dollar put?
Usually high yield bonds are positively correlated with crude ( blue line). However, this time an inverse relationship emerged.
Soaring crude brings down bonds.
Breakdown more and more likely.
long term trend significantly broken.
bear flag on the brink of collapse.
bear flag on the brink of collapse.
Since 2008 the ascent has been relentless. Yet the current weakness seems to be persistent.
there seens to be a correlation between MUT and NG natgas.
the US-Bund yield spread ( DE10US10=RR blue line) is weakening the demand for corporate bonds.
China ( SSEC blue line) is guiding high yield bonds lower.
afte each slump in high yield bonds, a recovery was swift. yet this time the recovery is somewhat sticky.
Any correction of the stockmarket ( SP 500 blue line) has been met by a ferocious counterally of stocks and high yield bonds. However, this time the counterrally looks a little bit sticky.
again. high yield collapse. so did stock.
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