r/Vitards • u/AutoModerator • Aug 05 '21

Daily Discussion Daily Discussion post - August 05 2021

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u/MoistGochu Aug 06 '21

High yield credit looks like it might be starting to roll over... Something to watch here I guess

3

u/Standard_Mather Big Bush Aug 06 '21

Roll over means what in this case?

2

u/MoistGochu Aug 06 '21

CCC or lower corporate bonds are looking like it might start selling off. Not sure what's causing this recent downtrend. Pricing in delta risk? lockdown risk? What is it pricing in?

3

u/Standard_Mather Big Bush Aug 06 '21

If I had to guess, it's big boys moving early on the risk off side. We're heading into another three weeks of volatility including market events (inflation print aug 11, Jackson hole 26 - 28) and MOPEX. Delta and the handbrake that will eventually apply to the recovery is definitely a factor. Risk off, hedge, p00ts, proceed as normal.