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The idea is that market structure determines the conduct of firms and that conduct then yields market performance.
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Second, yields (market-determined interest rates) on United States Treasury debt are likely to decline.
Other factors should also contribute to a strong high-yield market, he said.
The high-yield market is saying the economy is getting better".
"The high-yield market is very much on sale," he said.
We have positions in most of the industrial parts of the high-yield market.
"The high-yield market is extremely attractive at this point," he said.
As LBO companies refinance in the high-yield market, they are paying off those loans.
(The high-yield market had a lesser skid in the second half of September).
"Historically, the high-yield market really didn't finance technology companies," said Martin Fridson, senior high-yield strategist at Merrill Lynch.
And I'd say that encompasses both the high-yield market, the equity market and global capital markets.
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CEO of Professional Science Editing for Scientists @ prosciediting.com