Best Performing Asset Class This Year - Bank Loans - BKLN ETF currently -0.82% vs. daily expected move of 0.14%. Said differently, the covenant-lite space is having a 6-standard deviation sell-off today and largest down move since the Federal Reserve hiking cycle began in Dec16.
Junk bonds had the worst day since February 9 with a loss of 0.6%. CCCs led the downward spiral suffering the worst losses since Feb. 2016. @TheTerminal
@RaoulGMI Yep, some funds out of Singapore have been taking the other side of those short vol products buy helping banks reduce their gamma exposure. Banks offering very attractive prices to buy longer dated vol.
Nike just did the math — risked $1-3B in business to strengthen bond with $32-$34B. #NikeKaepernick the gangster marketing move of 2018 #genius#winnersandlosers
https://t.co/tLIpviZkTg