High-yield energy names catch a bid after a mid-cycle refinancing wave
The distressed tape is quieter when the coupon can still be refinanced.
Elena VasquezSenior Markets Correspondent
Analytics dashboards on a monitor wall
Two high-yield desks said E&P and midstream issuers cleared deals inside their own curves, pulling the sector tighter versus the rest of BB credit.
Elena Vasquez
Senior Markets Correspondent
Covers Treasuries, the dollar, and the policy signals that reprice risk assets.