Risk On: 'Patient' Powell Restores Confidence in Credit

The video discusses the decline in demand for treasury bonds and the recovery in the high yield market. It highlights the challenges in corporate issuance and the importance of market quality. The analysis covers investment grade and high yield market dynamics, with a focus on performance and expectations for 2019. The video concludes with considerations for investing in high yield bonds, emphasizing the balance between risk and returns.

What factors contributed to the decline in demand at treasury bond auctions over the last 12 months?

How did the first note auction of 2019 compare to previous auctions in terms of demand?

What was significant about Targa Resources' bond sale in the context of high yield bonds?

What challenges does the investment grade market face according to the discussion?

What are the implications of high default rates in the high yield market?

How does the current state of the credit markets affect investor sentiment?

What historical trends are observed in fixed income markets during a flat yield curve?