Inflation dat is signaling upward trend so far which should in theory be hurting demand for bonds. CPI at 6.2% while junk bonds yield around 4.4%, doesnt sound too good at the moment. How long until something changes for better or worse?
PVT (pattern volume trend) implies less enthusiasm than before at these prices. Both JNK and HYG have lower highs no in the price action. I think a repricing could occur soon.
PVT (pattern volume trend) implies less enthusiasm than before at these prices. Both JNK and HYG have lower highs no in the price action. I think a repricing could occur soon.