BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X
HOME > OUR THINKING > > BLOG

From Dogs To Darlings: Cable, Telecom Lead October High Yield Resurgence

Industries that led the pronounced U.S. high yield bond sell-off in September - the market returned negative 2.59% during the month, its poorest showing in more than two years - spearheaded the high yield rebound in October, according to LCD's Martin Fridson.

"Media, as represented by Cable & Satellite TV and Telecommunications, topped the total return rankings in October," writes Fridson. "Of the 15 major high-yield industries covered in this analysis, those two industries rated #13 and $15, respectively, in September."

Fridson 2015-11-03 return by industry table

Among September's other two worst performers, Energy (#14) soared to #5 in October, but Metals & Mining (#12) dropped to # 14, says Fridson. This rebound helped the BofA Merrill Lynch US High Yield Index to a 2.73% return in October, its best performance since January 2012, according to Fridson. - Tim Cross

This story is part of Marty's weekly analysis for LCD News. The full analysis is available to subscribers here.

For more high yield market news and analysis check out www.highyieldbond.com, a free site powered by LCD to promote the asset class. 

Subscribe to Insights