HYG
4 tracked calls · 0 long · 4 short
first called by Jordi Visser 5mo ago
SHORT3mo ago
“this is the CCC versus the lowest part of high yield... We continue to widen out. It's happening.”Jordi Visser
CCC spreads widening through an equity rally flags credit-cycle cracks; junk bonds repriced lower.
HYGSHORT@ $80.59
$81.05-0.57%
since call Apr 5
peak +0.5%
SHORT3mo ago
“this is the combined high-yield loan distressed universe. It's hit its highest level since June of 2023 … these things are hard to unwind”Forward Guidance · Tyler Neville
Junk credit prices a benign world while distressed loans pile up and the consumer cracks; spreads gap wider.
HYGSHORT@ $78.22
$81.05-3.62%
since call Apr 3
peak +0.5%
SHORT4mo ago
“I think credit spreads were too tight, and I think now we're moving into a different world … the credit cycle is in a downturn. There is no doubt about it.”Jordi Visser
Credit cycle is in a downturn; high yield spreads were too tight and are widening as the liquidity tide goes out
HYGSHORT@ $77.73
$81.05-4.26%
since call Mar 29
SHORT5mo ago
“HYG to IEF is my liquid version of this … It's trending lower at the same time that I'm getting turbulent shocks, which means we're getting some contagion.”Jordi Visser
Credit is weakening into contagion, leveraged loans below 100-day and HYG/IEF trending lower
HYGSHORT@ $79.59
$81.05-1.83%
since call Feb 15
peak +2.1%