Positive macroeconomic data continues to drive speculation that stimulus will reduce
All markets were down last week, driven by good economic data. In this case, good news is bad news, since it means tapering is more likely in the near term. The near term could be as early as next month’s FOMC (Federal Open Market Committee) meeting.
Read here to learn why the leveraged loan market tends to drop in sync with the bond market despite the robust fundamentals.