Skip to content
  • English
Bolton-logo
  • Quiénes somos
    • Nuestra historia
    • Oficinas y afiliados
    • Galería de fotos de las oficinas centrales
    • Divulgaciones
  • Nuestros servicios
    • Servicios de gestión de patrimonio
    • Servicios fiduciarios
    • Soluciones de préstamos
    • Soluciones de administración de efectivo
    • Planificación del retiro
    • Servicios Ejecutivos Corporativos
    • Cuentas de clientes internacionales
    • Formas de cuenta de inversión
  • Compensación y custodia
    • Acceso mundial a los mercados
    • Compensación y custodia de BNY Mellon Pershing
    • Compensación y custodia de Charles Schwab
    • Protección adicional en las cuentas
  • Contáctenos

BNY Mellon Capital Markets, LLC Weekly Market Commentary

While the dog days of summer set in on the financial markets, the risk rally of the past few weeks has generally remained in place. With little on the economic front and European leaders escaping to their summer villas, no news was good news as many risk assets approached year-to-date highs. Treasuries continued their trend toward higher yields, with the curve bear steepening, and reversing most of July’s rally in rates. Corporates have been one of the strongest performing asset classes during this mid-summer rally, although we see evidence that the spread rally is running out of steam. While HY has also rallied to near YTD tights, the same evidence we tracked on the investment grade front has yet to present itself in junk land. Having said that, investors have to develop an increased appetite for some of the most indebted issuers if HY is able to push yields lower. Issuance remains strong, with corporate treasurers pushing to lock in low yields before departing for their end-of-summer retreats. Although we do not see an immediate catalyst that will reverse these trends short term, we remain cautious of returning volatility in September, and therefore lean more toward a neutral stance as we endure these final days of summer.

Author Matt BealsPosted on August 13, 2012Categories Investment Products, News and AnnouncementsTags Account Protection, BNY Mellon, Bond Central, bond ladder, Financial Planning, fixed income, Wealth management

Post navigation

Previous Previous post: Silver Plus Corestone Account Now Available
Next Next post: Using Alternative Investment Strategies in Portfolio Construction Webcast
View All Articles

Related Articles

Mercados mundiales

Market Insights

Bolton Global Capital is not a subsidiary or division of BNY Mellon or Pershing and has no relationship to either company other than offering clearing and custody services provided by Pershing to Bolton customers on a fully disclosed basis.

Read More: Market Insights
LatAm ConsultUs

Newsletter Económico Mensual

A mediados de octubre se conoció una nueva edición de las Perspectivas Económicas Mundiales (WEO, por su sigla en inglés) que produce trimestralmente el staff del Fondo Monetario Internacional (FMI): EI EMI espera que el PIB mundial crezca este año...

Read More: Newsletter Económico Mensual
LatAm ConsultUs

Informe Mensual De Mercado

Si bien no tenemos certeza de una resolución clara y justa a nivel geopolítico, los mercados se concentraron en la parte positiva, las “buenas intenciones”, y ensayaron un rebote que los llevo a cerrar marzo con números positivos, acortando la...

Read More: Informe Mensual De Mercado
LatAm ConsultUs

Macro Outlook

LatAm ConsultUs Macro Outlook para acciones, valores de renta fija, commodities y cash.

Read More: Macro Outlook
Latam ConsultUs

Newsletter Político Mensual

La guerra en Ucrania tiene poco de original. Y esto es así no porque – al decir del eximio escritor español Arturo Pérez-Reverte – todas la guerras sean “la misma guerra”. Sino porque el modus operandi asumido el presidente ruso...

Read More: Newsletter Político Mensual
2019-FINALWhiteLogotype
Bolton Global Capital, Inc. Member FINRA, SIPC Independent since 1985
579 Main Street,
Bolton, MA 01740
978.779.5361 800.649.3883

Client accounts are held
and securities cleared through
Pershing - a subsidiary of BNY Mellon

  • Privacy Policy and Opt Out Procedures
  • Business Continuity Plan
  • SEC RULE 606
  • Reclutamiento de asesores
  • FINRA BrokerCheck

Bolton Global Capital no es una subsidiaria ni una división de BNY Mellon Corporation o BNY Mellon Pershing y no tiene relación con ninguna de las compañías excepto ofrecer los servicios de compensación y custodia provistos por BNY Mellon Pershing a los clientes de Bolton Global Capital con plena divulgación.