| 1/7/2026 | HY | Market Commentary: Saks notes erode in capital stack; Michaels spent 2025 moving away from distressed area
|
| 1/7/2026 | DD | Market Commentary: Saks notes erode in capital stack; Michaels spent 2025 moving away from distressed area
|
| 10/16/2025 | HY | Market Commentary: Bonds pressured; Saks notes slide; Michaels paper edges lower; Tronox notes deteriorate
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| 10/16/2025 | DD | Market Commentary: Bonds pressured; Saks notes slide; Michaels paper edges lower; Tronox notes deteriorate
|
| 10/15/2025 | HY | Market Commentary: Saks bonds volatile; Michaels extends gains; Tronox weakens; Braskem paper picks ups
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| 10/15/2025 | DD | Market Commentary: Saks bonds volatile; Michaels notes extend gains; Tronox weakens; Braskem picks up
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| 10/14/2025 | HY | Market Commentary: Michaels notes log slight recovery after slide; Xerox steady after downgrade; iHeart up
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| 10/14/2025 | DD | Market Commentary: Michaels notes log slight recovery after slide; Xerox steady after downgrade; iHeart up
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| 9/30/2025 | HY | Market Commentary: Braskem paper edges higher; Bally’s improves as trading slows; Michaels retains gains
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| 9/30/2025 | DD | Market Commentary: Braskem paper higher; Bally’s notes improve as trading slows; Michaels retains gains
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| 9/26/2025 | HY | Market Commentary: Michaels paper finishes week stronger; Tronox lower; New Fortress Energy declines
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| 9/26/2025 | DD | Market Commentary: Michaels paper finishes week stronger; Tronox notes lower; New Fortress Energy declines
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| 9/24/2025 | HY | Market Commentary: Michaels bonds climb, loan gains; Lucky Strike soft; Kohl’s paper builds
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| 9/24/2025 | DD | Market Commentary: Michaels bonds climb, term loan gains; Lucky Strike disappoints; Kohl’s improves
|
| 9/23/2025 | HY | Market Commentary: Michaels securities surge after positive earnings, bond buybacks; Xerox drops
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| 9/23/2025 | DD | Market Commentary: Michaels securities surge after positive earnings, bond buyback results; Xerox drops
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| 9/22/2025 | HY | Market Commentary: New Fortress recovers; Staples up; Michaels debt sells off; First Brands pressured
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| 9/22/2025 | DD | Market Commentary: New Fortress recovers; Staples up; Michaels debt sells off; First Brands pressured
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| 9/18/2025 | HY | Market Commentary: Distressed names gain after rate cut; Xerox debt mostly higher; Mercer notes weaken
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| 9/18/2025 | DD | Market Commentary: Distressed names gain after rate cut; Xerox bonds mostly higher; Mercer weakens
|
| 9/15/2025 | HY | Market Commentary: Michaels rides higher on earnings optimism; New Fortress up on debt restructuring talks
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| 9/15/2025 | DD | Market Commentary: Michaels rides higher on earnings optimism; New Fortress up on debt restructuring talks
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| 9/4/2025 | HY | Market Commentary: Michaels paper climbs amid weeklong supply; Spirit Airlines slips; PetSafe lower
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| 9/4/2025 | DD | Market Commentary: Michaels paper climbs amid active weeklong supply; Spirit Airlines slips; PetSafe lower
|
| 8/25/2025 | HY | Market Commentary: Algoma Steel bonds hit distressed trade; Tronox lower after bounce; session ‘funky’
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| 8/25/2025 | DD | Market Commentary: Algoma Steel bonds hit distressed trade; Tronox notes lower after Friday bounce
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| 7/24/2025 | HY | Market Commentary: Distressed retail active; Michaels notes on rebound; Kohl’s mixed across capital stack
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| 7/24/2025 | DD | Market Commentary: Distressed retail active; Michaels on rebound; Kohl’s notes mixed across capital stack
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| 7/10/2025 | BKDDHY | S&P ends Michaels negative watch
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| 7/7/2025 | HY | Market Commentary: Altice higher across capital stack; distressed retail pressured; Metinvest paper quiet
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| 7/7/2025 | DD | Market Commentary: Altice higher across capital stack; distressed retail names pressured; Metinvest quiet
|
| 6/27/2025 | HY | Market Commentary: Saks secured notes reach new low on exchange plans; Michaels notes jump after earnings
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| 6/27/2025 | DD | Market Commentary: Saks distressed paper reaches new low on exchange plans; Michaels notes jump
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| 6/6/2025 | HY | Market Commentary: Michaels high-yield bonds, secured loans gain; New Fortress debt pressured; macros improve
|
| 6/6/2025 | DD | Market Commentary: Michaels high-yield bonds, secured loans gain; New Fortress debt pressured; macros improve
|
| 6/5/2025 | HY | Market Commentary: Michaels banks on Joann portfolio addition, bonds climb; Gray Media senior notes tumble
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| 6/5/2025 | DD | Market Commentary: Michaels banks on Joann portfolio addition, bonds climb; Gray Media senior notes tumble
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| 5/29/2025 | HY | Market Commentary: Saks notes bounce ‘all over the place’; Michaels paper gains in post-holiday trade
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| 5/29/2025 | DD | Market Commentary: Saks distressed notes bounce ‘all over the place’; Michaels paper gains
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| 5/14/2025 | HY | Market Commentary: Saks drops to deeper distressed; Michaels higher since tariff pause; iHeart improves
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| 5/14/2025 | DD | Market Commentary: Saks drops to deeper distressed; Michaels bonds higher since tariff pause; iHeart gains
|
| 5/12/2025 | HY | Market Commentary: Distressed retail climbs on tariff pause; Carnival too ‘high quality’; energy mixed
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| 5/12/2025 | DD | Market Commentary: Distressed retail notes climb on tariff pause; Carnival too ‘high quality’; energy mixed
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| 5/6/2025 | HY | Market Commentary: Retail pressured after second Rite Aid bankruptcy; distressed Saks drops; Michaels weak
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| 5/6/2025 | DD | Market Commentary: Retail space pressured after second Rite Aid bankruptcy; distressed Saks notes drop
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| 5/2/2025 | HY | Market Commentary: Kohl’s lifted after CEO shake-up; retail appeal dips; Michaels mixed; Gray Media pops
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| 5/2/2025 | DD | Market Commentary: Kohl’s lifted after CEO shake-up; retail appeal dips; Michaels mixed; Gray Media pops
|
| 4/25/2025 | HY | Market Commentary: Investors wary of retail paper amid expected default spike; Michaels, Saks notes down
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| 4/25/2025 | DD | Market Commentary: Investors wary of retail paper amid expected default spike; Michaels, Saks trade down
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| 4/23/2025 | HY | Market Commentary: Distressed retail mixed; Michaels rises but off intraday highs; Staples, QVC jump
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| 4/23/2025 | DD | Market Commentary: Distressed retail mostly up; Michaels rises but off intraday highs; Staples, QVC jump
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| 4/23/2025 | HY | Market Commentary: Morning Commentary: China tariff moderation lifts junk market; primary simmers up
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| 4/22/2025 | HY | Market Commentary: Bausch Health bonds mostly higher; Hertz notes advance; Michaels paper gains
|
| 4/22/2025 | DD | Market Commentary: Bausch Health bonds mostly higher; Hertz notes advance; Michaels paper gains
|
| 4/22/2025 | BKDDHY | S&P puts Michaels on negative watch
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| 4/17/2025 | HY | Market Commentary: Hertz securities rally extended; Michaels’ notes on mend; bond market steadies
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| 4/17/2025 | DD | Market Commentary: Hertz rally extended; Michaels’ notes on mend; bond market steadies, tone firms
|
| 4/16/2025 | HY | Market Commentary: Hertz distressed bonds rally; retail pressured; Michaels paper declines; defaults down
|
| 4/16/2025 | DD | Market Commentary: Hertz distressed bonds rally; retail names pressured; Michaels paper declines
|
| 4/9/2025 | HY | Market Commentary: Distressed secondary supply soars; Michaels secured notes climb; Saks rallies; AMC stronger
|
| 4/9/2025 | DD | Market Commentary: Distressed secondary supply soars; Michaels secured notes climb; Saks rallies; AMC stronger
|
| 4/8/2025 | HY | Market Commentary: Staples surges on better earnings; Michaels downtrend continues; W&T Offshore plunges
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| 4/8/2025 | DD | Market Commentary: Staples surges on better earnings; Michaels downtrend continues; W&T Offshore plunges
|
| 4/4/2025 | HY | Market Commentary: Michaels claws back some losses; Saks hits distressed trade; New Fortress Energy drops
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| 4/4/2025 | DD | Market Commentary: Michaels notes claw back some losses; Saks hits distressed trade; New Fortress drops
|
| 4/3/2025 | HY | Market Commentary: Corporate paper plunges; Michaels, iHeart in crosshairs; New Fortress Energy sinks
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| 4/3/2025 | DD | Market Commentary: Corporate paper plunges; Michaels, iHeart notes in crosshairs; New Fortress Energy sinks
|
| 4/2/2025 | HY | Market Commentary: QVC lower; Michaels drops; Diebold Nixdorf on strong streak since 2023 bankruptcy
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| 4/2/2025 | DD | Market Commentary: QVC notes lower; Michaels drops; Diebold Nixdorf on strong streak since 2023 bankruptcy
|
| 3/25/2025 | HY | Market Commentary: Michaels higher; Hertz mixed; Bausch distressed bonds decline; stress cracks appear
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| 3/25/2025 | DD | Market Commentary: Michaels moves higher; Hertz mixed; Bausch distressed bonds drop; stress cracks appear
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| 3/24/2025 | HY | Market Commentary: Michaels bonds rally in heavy supply; markets buzz on tariff cuffs; Hertz positive
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| 3/24/2025 | DD | Market Commentary: Michaels distressed bonds rally; markets buzz on tariff cuffs; Hertz positive
|
| 3/17/2025 | HY | Market Commentary: Cornerstone Building paper dives; distressed retail lower; QVC declines; Michaels dips
|
| 3/17/2025 | DD | Market Commentary: Cornerstone Building paper dives; distressed retail lower; QVC declines; Michaels dips
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| 3/6/2025 | HY | Market Commentary: Sunnova moves lower; Michaels softens as retail weakens; Joann starts liquidations
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| 3/6/2025 | DD | Market Commentary: Sunnova Energy lower; Michaels softens as retail weakens; Joann starts liquidations
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| 3/3/2025 | HY | Market Commentary: Sunnova Energy bonds slide; Canadian and U.S. retailer Michaels declines; Cumulus soft
|
| 3/3/2025 | DD | Market Commentary: Sunnova Energy bonds slide; Canadian and U.S. retailer Michaels’ paper declines
|
| 2/25/2025 | HY | Market Commentary: Bausch Health notes stronger; Michaels softens in February; distressed trading grows
|
| 2/25/2025 | DD | Market Commentary: Bausch Health notes stronger; Michaels bonds soften in February; distressed trading up
|
| 2/21/2025 | HY | Market Commentary: Big Lots, Joann slim down; Michaels drops; Container Store ‘expensive lesson’
|
| 2/21/2025 | DD | Market Commentary: Distressed Big Lots, Joann slim down; Michaels drops; Container Store ‘expensive lesson’
|
| 2/14/2025 | HY | Market Commentary: Retailers pressured in 2025; Michaels picks up; Staples secured paper softens on week
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| 2/14/2025 | DD | Market Commentary: Retailers pressured in 2025; Michaels notes pick up; Staples secured paper softens
|
| 2/3/2025 | HY | Market Commentary: Distressed bonds pressured; Michaels paper drops; Herbalife notes decline
|
| 2/3/2025 | DD | Market Commentary: Distressed bonds pressured; Michaels paper drops; Herbalife senior notes decline
|
| 1/24/2025 | HY | Market Commentary: New issues draw away distressed bid; Michaels climbs; Gray Media higher; Viasat gains
|
| 1/24/2025 | DD | Market Commentary: New issues draw away distressed bid; Michaels climbs; Gray Media higher; Viasat gains
|
| 1/21/2025 | HY | Market Commentary: Gray Media notes extend gains; Michaels notes climb; Walgreens paper pressured
|
| 1/21/2025 | DD | Market Commentary: Gray Media notes extend gains; Michaels notes climb; Walgreens paper pressured
|
| 1/15/2025 | HY | Market Commentary: Michaels bonds leap higher; Kohl’s improves; Treasuries rally in ‘good sign’; MPT up
|
| 1/15/2025 | DD | Market Commentary: Michaels bonds leap higher; Kohl’s paper improves; Treasuries rally in ‘good sign’
|
| 1/13/2025 | HY | Market Commentary: Michaels’ notes up ahead of CEO shuffle; Altice edges higher; Hughes, Gray TV decline
|
| 1/13/2025 | DD | Market Commentary: Michaels’ notes up ahead of CEO shuffle; Altice edges higher; Hughes, Gray TV decline
|
| 1/10/2025 | HY | Market Commentary: Distressed debt space ends weak soft; ModivCare tumbles; Michaels, Anywhere lower
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| 1/10/2025 | DD | Market Commentary: Distressed debt space ends weak soft; ModivCare tumbles; Michaels, Anywhere lower
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| 1/8/2025 | HY | Market Commentary: Retail sector weakens in distressed debt market; Michaels takes a hit; iHeart lower
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| 1/8/2025 | DD | Market Commentary: Retail sector weakens in distressed debt market; Michaels takes a hit; iHeart lower
|
| 1/3/2025 | HY | Market Commentary: Michaels secured paper improves; iHeart mostly higher; distressed space gains
|
| 1/3/2025 | DD | Market Commentary: Michaels secured notes improve; iHeartCommunications mostly higher; distressed space up
|
| 12/31/2024 | DD | Market Commentary: Outlook 2025: Distressed bond supply shrinks; pressure continues in cable/satellite, health care
|
| 12/24/2024 | HY | Market Commentary: Markets get Christmas Eve boost; Staples paper softer in December; Michaels notes slip
|
| 12/24/2024 | DD | Market Commentary: Markets get Christmas Eve boost; Staples paper softer in December; Michaels notes slip
|
| 12/23/2024 | HY | Market Commentary: Pre-holiday distressed trading slows; Scripps mostly quiets; Michaels holds onto gains
|
| 12/23/2024 | DD | Market Commentary: Pre-holiday distressed trading slows; E.W. Scripps mostly quiets; Michaels holds gains
|
| 12/20/2024 | HY | Market Commentary: Michaels notes rally on heavy secondary bid; Hertz gains; distressed trading picks up
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| 12/20/2024 | DD | Market Commentary: Michaels notes rally on heavy secondary bid; Hertz gains; distressed trading picks up
|
| 12/19/2024 | HY | Market Commentary: Distressed paper pressured; Gray TV, Michaels, Bausch lower; private defaults down
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| 12/19/2024 | DD | Market Commentary: Distressed paper sinks; Gray Television, Michaels, Bausch lower; private defaults down
|
| 12/17/2024 | HY | Market Commentary: Cable, satellite names active; Cox notes quiet; Michaels up; ModivCare lower
|
| 12/17/2024 | DD | Market Commentary: Cable, satellite names active; Cox quiets after run-up; Michaels jumps; ModivCare lower
|
| 12/16/2024 | HY | Market Commentary: Michaels paper steadies; iHeart declines ahead of exchange deadline
|
| 12/16/2024 | DD | Market Commentary: Michaels paper steadies in trading; iHeart notes decline ahead of exchange deadline
|
| 12/10/2024 | HY | Market Commentary: E.W. Scripps notes pick up steam in December; Michaels mostly keeps secondary gains
|
| 12/10/2024 | DD | Market Commentary: E.W. Scripps notes pick up steam in December; Michaels mostly keeps secondary gains
|
| 12/9/2024 | HY | Market Commentary: Michaels notes mixed in distressed trading; Telesat paper improves; Gray TV declines
|
| 12/9/2024 | DD | Market Commentary: Michaels notes mixed in distressed trading; Telesat bonds improve; Gray TV declines
|
| 12/6/2024 | HY | Market Commentary: AMC improves as company moves to dilute more shares to pay down debt; Michaels higher
|
| 12/6/2024 | DD | Market Commentary: AMC notes improve as company moves to dilute more shares to trim debt; Michaels higher
|
| 12/5/2024 | HY | Market Commentary: Michaels holds onto gains; iHeartCommunications’ exchange holdout soars; supply cools
|
| 12/5/2024 | DD | Market Commentary: Michaels’ bonds hold onto gains; iHeartCommunications’ exchange holdout soars
|
| 12/2/2024 | HY | Market Commentary: Michaels distressed retail bonds climb in heavy Cyber-Monday trading; Nine Energy lower
|
| 12/2/2024 | DD | Market Commentary: Michaels distressed retail bonds climb in heavy Cyber-Monday trading; Nine Energy lower
|
| 11/26/2024 | HY | Market Commentary: Michaels distressed paper pops; Newfold Digital Holdings bonds slide; secondary slows
|
| 11/26/2024 | DD | Market Commentary: Michaels distressed paper pops; Newfold Digital Holdings bonds slide; secondary slows
|
| 11/15/2024 | HY | Market Commentary: Hertz notes stronger on week; Newfold distressed bonds climb; Michaels paper declines
|
| 11/15/2024 | DD | Market Commentary: Hertz senior notes gain, stronger on week; Newfold distressed bonds rise; Michaels down
|
| 11/8/2024 | HY | Market Commentary: Gray Media drops; Scripps lower, caps volatile week; Michaels unsecured notes soften
|
| 11/8/2024 | DD | Market Commentary: Gray Media paper drops; Scripps lower, caps volatile week; Michaels notes soften
|
| 11/6/2024 | HY | Market Commentary: Distressed supply jumps; retail paper mixed; Michaels declines; Qurate notes improve
|
| 11/6/2024 | DD | Market Commentary: Distressed trading jumps; retail paper mixed; Michaels declines; Qurate Retail improves
|
| 10/23/2024 | HY | Market Commentary: Spirit Airlines rallies on merger talk; Michaels moves lower; distressed trading slows
|
| 10/23/2024 | DD | Market Commentary: Spirit Airlines rallies on merger talk; Michaels moves lower; distressed trading slows
|
| 10/22/2024 | HY | Market Commentary: Michaels declines across capital stack; Lumen Technologies paper quiets after rally
|
| 10/22/2024 | DD | Market Commentary: Michaels’ notes down across capital stack; Lumen Technologies paper quiets after rally
|
| 10/18/2024 | HY | Market Commentary: Spirit Airlines unchanged as company maneuvers refinancing; Michaels lower on week
|
| 10/18/2024 | DD | Market Commentary: Spirit Airlines flat as company maneuvers refinancing; Michaels’ notes lower on week
|
| 10/16/2024 | HY | Market Commentary: Michaels down ahead of retail data; Gray notes active, higher; market ‘grinding tighter’
|
| 10/16/2024 | DD | Market Commentary: Michaels down ahead of retail data; Gray Media notes up; market ‘grinding tighter’
|
| 10/15/2024 | HY | Market Commentary: Walgreens bonds active on losses, store closures; Michaels better; Gray paper gains
|
| 10/15/2024 | DD | Market Commentary: Walgreens notes active amid losses, store closures; Michaels better; Gray paper gains
|
| 9/25/2024 | HY | Market Commentary: DISH notes mixed on debt exchange talks; Hughes flat; Sinclair bonds up; Michaels lower
|
| 9/25/2024 | DD | Market Commentary: DISH notes mixed on debt exchange talks; Hughes flat; Sinclair bonds up; Michaels lower
|
| 9/17/2024 | HY | Market Commentary: Michaels pressured after quarterly report; DISH mostly holds onto gains; Bausch lower
|
| 9/17/2024 | DD | Market Commentary: Michaels pressured after quarterly call; DISH mostly holds onto gains; Bausch lower
|
| 9/17/2024 | BKCVDDEMIGPV | Market Commentary: Alpha Generation joins junk calendar; Royal Caribbean adds; Staples, Michaels lower on earnings
|
| 9/17/2024 | HY | Market Commentary: Alpha Generation joins junk calendar; Royal Caribbean adds; Staples, Michaels lower on earnings
|
| 8/30/2024 | HY | Market Commentary: Distressed debt trading slows; Michaels paper climbs; Gray Media lower on week; AMC up
|
| 8/30/2024 | DD | Market Commentary: Distressed debt trading slows; Michaels paper climbs; Gray Media notes lower on week
|
| 8/15/2024 | HY | Market Commentary: Qurate, QVC bonds lifted; Michaels notes higher on week; Lumen, Level 3 bonds climb
|
| 8/15/2024 | DD | Market Commentary: Qurate Retail, QVC bonds lifted; Michaels notes higher on week; Lumen, Level 3 climb
|
| 8/1/2024 | HY | Market Commentary: MultiPlan notes slide; Hertz improves; bonds fare better than stocks; Michaels declines
|
| 8/1/2024 | DD | Market Commentary: MultiPlan notes slide; Hertz improves; bonds fare better than stocks; Michaels down
|
| 7/30/2024 | HY | Market Commentary: Lumen, Level 3 bonds rally on Corning deal; Michaels declines; distressed index strong
|
| 7/30/2024 | DD | Market Commentary: Lumen, Level 3 bonds rally on Corning deal; Michaels drops; July distressed returns up
|
| 7/15/2024 | HY | Market Commentary: Michaels’ senior notes move up; Hertz continues rally; iHeartCommunications stronger
|
| 7/15/2024 | DD | Market Commentary: Michaels’ senior notes move up; Hertz continues rally; iHeartCommunications stronger
|
| 7/11/2024 | HY | Market Commentary: Hertz on rebound, notes add to gains; Michaels’ notes edge higher; Level 3 climbs
|
| 7/11/2024 | DD | Market Commentary: Hertz on rebound, paper adds to gains; Michaels’ notes edge higher; Level 3 climbs
|
| 7/10/2024 | HY | Market Commentary: Residio, Vodafone price; Cinemark, Watco hold premium; Ferrellgas gains on refinance chatter
|
| 7/10/2024 | HY | Market Commentary: Michaels paper drops on CFO exit concerns; DISH, Hughes notes decline; CSC higher
|
| 7/10/2024 | DD | Market Commentary: Michaels paper drops on CFO exit concerns; DISH, Hughes notes decline; CSC Holdings up
|
| 7/1/2024 | HY | Market Commentary: AMC notes down on meme worries; Michaels edges higher; Diamond Sports mostly unchanged
|
| 7/1/2024 | DD | Market Commentary: AMC notes down on meme worries; Michaels edges higher; Diamond Sports mostly unchanged
|
| 6/18/2024 | HY | Market Commentary: Fisker bankruptcy no surprise; Michaels slides on weaker retail data; Lions Gate jumps
|
| 6/18/2024 | DD | Market Commentary: Fisker bankruptcy no surprise; Michaels bonds slide on weak retail data; Lions Gate up
|
| 6/13/2024 | HY | Market Commentary: Altice, CSC distressed notes stronger; Hertz paper softens; Michaels bonds drift lower
|
| 6/13/2024 | DD | Market Commentary: Altice, CSC distressed notes stronger; Hertz paper softens; Michaels bonds drift lower
|
| 4/23/2024 | HY | Market Commentary: CommScope bonds mixed; Michaels stronger; WW paper moves higher; Herbalife notes gain
|
| 4/23/2024 | DD | Market Commentary: CommScope bonds mixed; Michaels stronger; WW paper moves higher; Herbalife notes gain
|
| 4/12/2024 | BKDDHY | S&P upgrades Michaels
|
| 4/10/2024 | HY | Market Commentary: Bausch bonds lead distressed gains; iHeart steady to weaker; Cumulus Media mostly quiet
|
| 4/10/2024 | DD | Market Commentary: Bausch bonds lead distressed gains; iHeart paper steady to weaker; Cumulus Media quiet
|
| 4/4/2024 | HY | Market Commentary: 99 Cents quiet on store liquidation; Michaels mostly steady; distressed supply light
|
| 4/4/2024 | DD | Market Commentary: 99 Cents paper quiet on store liquidation; Michaels mostly steady; distressed supply light
|
| 4/2/2024 | HY | Market Commentary: Macy’s little changed; Michaels lower; Altice turns positive, subsidiary CSC declines
|
| 4/2/2024 | DD | Market Commentary: Macy’s paper little changed; Michaels lower; Altice turns positive, subsidiary CSC declines
|
| 3/27/2024 | HY | Market Commentary: Altice bonds continue downward streak; Michaels higher; AMC mixed, mostly lower
|
| 3/27/2024 | DD | Market Commentary: Altice bonds continue downward streak; Michaels paper higher; AMC mixed, mostly lower
|
| 3/26/2024 | HY | Market Commentary: Altice paper drops ‘like stone’; Michaels climbs; JoAnn soft; Rite Aid bounces higher
|
| 3/26/2024 | DD | Market Commentary: Altice paper drops ‘like stone’; Michaels bonds climb; JoAnn soft; Rite Aid higher
|
| 3/18/2024 | HY | Market Commentary: Distressed retail paper higher after Joann bankruptcy; Michaels, Staples notes improve
|
| 3/18/2024 | DD | Market Commentary: Distressed retail paper higher after Joann bankruptcy; Michaels, Staples notes improve
|
| 3/12/2024 | HY | Market Commentary: WW International up in distressed trading; AMC flat; Michaels higher on strong interest
|
| 3/12/2024 | DD | Market Commentary: WW International notes up in distressed trading; AMC flat; Michaels sees strong demand
|
| 3/7/2024 | HY | Market Commentary: Michaels uptrend continues; CommScope diverges, short-duration notes add to gains
|
| 3/7/2024 | DD | Market Commentary: Michaels uptrend continues; CommScope diverges, short-duration notes add to gains
|
| 2/20/2024 | HY | Market Commentary: Distressed retail names Qurate, QVC, Michaels, Staples mostly up as earnings take focus
|
| 2/20/2024 | DD | Market Commentary: Distressed retail names mostly gain as earnings eyed; Qurate, QVC, Michaels, Staples up
|
| 1/5/2024 | HY | Market Commentary: CCC-rated credits eyed; AMC Entertainment notes add to losses; Michaels paper active
|
| 1/5/2024 | DD | Market Commentary: CCC-rated credits eyed; AMC Entertainment notes add to losses; Michaels paper active
|
| 12/29/2023 | BKCVDDEMHY | Outlook 2024: Higher corporate defaults likely as volatility mounts, default candidates grow
|
| 12/12/2023 | HY | Market Commentary: AMC notes improve; Michaels attracts secondary support; iHeartCommunications higher
|
| 12/12/2023 | DD | Market Commentary: AMC notes improve; Michaels attracts secondary support; iHeartCommunications paper rises
|
| 12/5/2023 | HY | Market Commentary: Distressed private retail in focus; Michaels climbs; Staples gains; WW paper declines
|
| 12/5/2023 | DD | Market Commentary: Distressed private retail in focus; Michaels bonds climb; Staples gains; WW paper down
|
| 10/16/2023 | HY | Market Commentary: Rite Aid notes decline after bankruptcy filing; Walgreens pressured; Michaels edges up
|
| 10/16/2023 | DD | Market Commentary: Rite Aid notes decline after bankruptcy filing; Walgreens pressured; Michaels higher
|
| 10/12/2023 | HY | Market Commentary: Rite Aid bonds move higher, CDS spreads gap out; Michaels sheds gains; AMC slips
|
| 10/12/2023 | DD | Market Commentary: Rite Aid distressed bonds move higher, CDS spreads gap out; Michaels sheds gains
|
| 10/10/2023 | HY | Market Commentary: Rite Aid gains; Michaels improves; AMC bonds climb; distressed returns outpace markets
|
| 10/10/2023 | DD | Market Commentary: Rite Aid, Michaels, AMC Entertainment bonds improve; distressed returns outpace markets
|
| 10/6/2023 | HY | Market Commentary: Michaels paper trades up; DISH bonds on upswing; AMC notes improve
|
| 10/6/2023 | DD | Market Commentary: Michaels paper trades up; DISH bonds on upswing; AMC notes rally; market data eyed
|
| 10/5/2023 | HY | Market Commentary: Michaels’ notes slide; QVC, Qurate soften; Rite Aid mostly weaker; DISH on the rebound
|
| 10/5/2023 | DD | Market Commentary: Michaels’ notes slide; QVC, Qurate soften; Rite Aid mostly weaker; DISH on the rebound
|
| 10/5/2023 | HY | Market Commentary: Junk primary idles; secondary levels off; Shelf Drilling losses mount; DirecTV lower
|
| 10/4/2023 | HY | Market Commentary: DISH bonds mixed in quieter market; Michaels under pressure; QVC flat to lower on day
|
| 10/4/2023 | DD | Market Commentary: DISH bonds mixed in quieter market; Michaels under pressure; QVC paper flat to lower
|
| 10/4/2023 | BKDDHY | S&P lowers Michaels to CCC+
|
| 9/25/2023 | HY | Market Commentary: AMC notes attract favor; Rite Aid up on bankruptcy reports; Michaels extends weakness
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| 9/25/2023 | DD | Market Commentary: AMC notes attract favor; Rite Aid bonds up on bankruptcy reports; Michaels extends weakness
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| 9/22/2023 | HY | Market Commentary: Staples, Michaels bonds trade up on day, lower on week; Lumen one of week’s top gainers
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| 9/22/2023 | DD | Market Commentary: Staples, Michaels bonds trade up on day, lower on week; Lumen one of week’s top gainers
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| 9/19/2023 | HY | Market Commentary: Cano Health paper up in September; Community Health improves; Michaels bonds decline
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| 9/19/2023 | DD | Market Commentary: Cano Health paper up in September; Community Health notes improve; Michaels weakens
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| 8/2/2023 | HY | Market Commentary: Carvana higher after exchange launch; Michaels declines in risk-off tone; AMC softens
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| 8/2/2023 | DD | Market Commentary: Carvana bonds higher after exchange offer launch; Michaels declines; AMC bonds soften
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| 7/21/2023 | HY | Market Commentary: Distressed retail up; Rite Aid gains; Michaels higher; loan defaults outpace junk
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| 7/21/2023 | DD | Market Commentary: Distressed retail up; Rite Aid extends gains; Michaels rises; loan defaults outpace junk
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| 7/5/2023 | HY | Market Commentary: Michaels heads out flat in strong supply; QVC paper gains; Level 3, Lumen notes active
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| 7/5/2023 | DD | Market Commentary: Michaels heads out flat in strong supply; QVC paper gains; Level 3, Lumen notes active
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| 7/3/2023 | HY | Market Commentary: Community Health notes up; Bausch mixed; Michaels dips; QVC down; Staples better
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| 7/3/2023 | DD | Market Commentary: Community Health notes up; Bausch Health mixed; QVC down; Michaels dips; Staples better
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| 6/27/2023 | HY | Market Commentary: Michaels’ distressed retail notes climb; DISH mostly up; Grubhub bonds decline 2 points
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| 6/27/2023 | DD | Market Commentary: Michaels’ distressed retail notes climb; DISH paper mostly up; Grubhub bonds decline
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| 6/27/2023 | HY | Market Commentary: Morning Commentary: New Viking Cruises notes trade higher; Earthstone plans drive-by
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| 6/13/2023 | HY | Market Commentary: AMC, Staples distressed paper stronger; Michaels gains; Community Health, Bausch up
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| 6/13/2023 | DD | Market Commentary: AMC, Staples distressed paper stronger; Michaels gains; Community Health, Bausch up
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| 6/12/2023 | HY | Market Commentary: iHeartMedia active; distressed paper from Michaels, QVC, Rite Aid higher; Level 3 gains
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| 6/12/2023 | DD | Market Commentary: iHeartMedia improves; distressed paper from Michaels, QVC, Rite Aid higher; Level 3 up
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| 6/7/2023 | HY | Market Commentary: Coinbase paper improves; Michaels, Qurate distressed retail up; Lumen, Level 3 stronger
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| 6/7/2023 | DD | Market Commentary: Coinbase recovers some losses; Michaels, Qurate distressed retail up; Lumen, Level 3 rise
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| 6/5/2023 | HY | Market Commentary: Mallinckrodt higher as company mulls another bankruptcy; Michaels better; Level 3 mixed
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| 6/5/2023 | DD | Market Commentary: Mallinckrodt notes up as company eyes another bankruptcy; Michaels better; Level 3 mixed
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| 4/14/2023 | BKDDHY | Moody’s downgrades Michaels
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| 4/12/2023 | HY | Market Commentary: QVC gains; WeWork sheds points; National CineMedia flat on Chapter 11 filing; AMC rises
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| 4/12/2023 | DD | Market Commentary: QVC gains; WeWork sheds points; National CineMedia flat on Chapter 11 filing; AMC up
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| 4/4/2023 | HY | Market Commentary: Distressed retail mixed in thin trading; QVC, Qurate up; 99 Cents quiet; Michaels slips
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| 4/4/2023 | DD | Market Commentary: Distressed retail mixed in thin trading; QVC, Qurate edge up; 99 Cents quiet; Michaels slips
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| 1/17/2023 | HY | Market Commentary: Carvana notes flat in active trade; Staples adds to gains; Michaels’ uptrend pauses
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| 1/17/2023 | DD | Market Commentary: Carvana notes flat in active trade; Staples adds to gains; Michaels’ uptrend pauses
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| 1/11/2023 | HY | Market Commentary: Bed Bath & Beyond notes pare losses; Michaels uptrend continues; AMC Entertainment gains
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| 1/11/2023 | DD | Market Commentary: Bed Bath & Beyond notes pare losses; Michaels uptrend continues; AMC Entertainment gains
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| 1/3/2023 | HY | Market Commentary: Distressed debt opens year higher; CSC Holdings better; Michaels returns to 68-handle
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| 1/3/2023 | DD | Market Commentary: Distressed debt opens year higher; CSC Holdings better; Michaels returns to 68-handle
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| 12/13/2022 | HY | Market Commentary: Distressed retail paper up in heavy supply; Staples, Michaels rally; Avaya slides
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| 12/13/2022 | DD | Market Commentary: Distressed retail paper up in heavy trading; Staples, Michaels improve; Avaya slides
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| 10/24/2022 | HY | Market Commentary: Notes from retailers Michaels, Bed Bath Beyond soften; Staples edges up; CineMedia drops
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| 10/24/2022 | DD | Market Commentary: Distressed notes from retailers Michaels, Bed Bath & Beyond soften; Staples improves
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| 10/14/2022 | CLHY | Market Commentary: Finastra term loan drops on downgrade; Michaels a little weaker with ratings cut
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| 10/14/2022 | BK | Market Commentary: Finastra term loan drops on downgrade; Michaels a little weaker with ratings cut
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| 10/14/2022 | BKDDHY | S&P cuts Michaels
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| 9/20/2022 | HY | Market Commentary: Sabra declines; Toledo Hospital softens; Bausch Health paper perks up; Michaels lower
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| 9/20/2022 | DD | Market Commentary: Sabra notes decline; Toledo Hospital softens; Bausch Health paper perks up; Michaels off
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| 7/25/2022 | HY | Market Commentary: Community Health notes mixed ahead of earnings report; Bed Bath, Party City down
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| 7/25/2022 | DD | Market Commentary: Community Health notes mixed ahead of earnings report; Bed Bath, Party City down
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| 7/20/2022 | HY | Market Commentary: Bed Bath & Beyond notes mostly higher; Michaels paper better on week; Rite Aid improves
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| 7/20/2022 | DD | Market Commentary: Bed Bath & Beyond notes mostly higher; Michaels paper better on week; Rite Aid improves
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| 7/18/2022 | HY | Market Commentary: Bed Bath & Beyond paper gains on short end; Transocean edges up; Michaels notes lower
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| 7/18/2022 | DD | Market Commentary: Bed Bath & Beyond paper gains on short end; Transocean edges up; Michaels notes lower
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| 7/12/2022 | HY | Market Commentary: Michaels, Ahern mixed off fresh downgrades; Bed Bath active; CHS up; Transocean drops
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| 7/12/2022 | DD | Market Commentary: Michaels, Ahern mixed off fresh downgrades; Bed Bath active; CHS paper up; Transocean drops
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| 7/12/2022 | BKDDHY | S&P alters Michaels view to negative
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| 7/12/2022 | BKDDHY | Moody's lowers Michaels
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| 7/6/2022 | HY | Market Commentary: Bath & Body Works, Michaels, Bed Bath & Beyond paper higher; retail under pressure
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| 7/6/2022 | DD | Market Commentary: Bath & Body Works, Michaels, Bed Bath & Beyond paper higher; retail under pressure
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| 6/28/2022 | HY | Market Commentary: Morning Commentary: Michaels Stores up post-earnings; junk higher in spotty trading
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| 6/14/2022 | HY | Market Commentary: Qurate Retail, QVC decline; Bed Bath & Beyond soft; Michaels improves; 99 cents flat
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| 6/14/2022 | DD | Market Commentary: Qurate Retail, QVC notes decline; Bed Bath & Beyond paper soft; Michaels improves
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| 5/18/2022 | HY | Market Commentary: Endo bonds mixed on restructuring reports; Michaels paper declines; Triumph notes slip
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| 5/18/2022 | DD | Market Commentary: Endo bonds mixed on restructuring reports; Michaels declines; Triumph Group notes slip
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| 4/27/2022 | HY | Market Commentary: Distressed retail paper mostly soft; Bed Bath, Staples, Michaels, Rite Aid decline
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| 4/27/2022 | DD | Market Commentary: Distressed retail paper mostly soft; Bed Bath & Beyond, Staples, Michaels, Rite Aid off
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| 4/6/2022 | HY | Market Commentary: Michaels declines; Telesat moves lower; Talen trades up; Diamond Sports mostly flat
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| 4/6/2022 | DD | Market Commentary: Michaels’ notes decline; Telesat moves lower; Talen trades up; Diamond Sports mostly flat
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| 3/29/2022 | BKCVDDEMIGPV | Market Commentary: Junk secondary rallies on cease-fire optimism; EQT upgraded; Nielson jumps on buyout
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| 3/29/2022 | HY | Market Commentary: Junk secondary rallies on cease-fire optimism; EQT upgraded; Nielson jumps on buyout
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| 3/29/2022 | HY | Market Commentary: Michaels higher; Transocean softens; Nine Energy gives back; Envision Healthcare up
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| 3/29/2022 | DD | Market Commentary: Michaels notes higher; Transocean down; Nine Energy gives back; Envision Healthcare up
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| 3/23/2022 | HY | Market Commentary: Michaels unchanged; Cooper-Standard softens; Lukoil declines; Evergrande, CIFI up
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| 3/23/2022 | DD | Market Commentary: Michaels flat on heavy volume; Cooper-Standard softens; Lukoil declines; Evergrande up
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| 12/14/2021 | BKCVDDEMIGPV | Market Commentary: New junk paper arrives as add-ons; secondary soft; Iron Mountain in focus; Michaels under pressure
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| 12/14/2021 | HY | Market Commentary: New junk paper arrives as add-ons; secondary soft; Iron Mountain in focus; Michaels under pressure
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| 6/29/2021 | BKCVDDEMIGPV | Market Commentary: Starwood prices; MidCap flat; HCA ‘buying frenzy’ continues; Michaels active
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| 6/29/2021 | HY | Market Commentary: Starwood prices; MidCap flat; HCA ‘buying frenzy’ continues; Michaels active
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| 4/12/2021 | BKCVDDEMIGPV | Market Commentary: TransDigm, Midwest Gaming price; calendar balloons; Michaels holds premium; CEC gains
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| 4/12/2021 | HY | Market Commentary: TransDigm, Midwest Gaming price; calendar balloons; Michaels holds premium; CEC gains
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| 4/9/2021 | BKCVDDEMIGPV | Market Commentary: Primary sells $3.1 billion; Michaels in focus; EnVen, WASH, Organon, News Corp. at premiums
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| 4/9/2021 | HY | Market Commentary: Primary sells $3.1 billion; Michaels in focus; EnVen, WASH, Organon, News Corp. at premiums
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| 4/9/2021 | HY | New Issue: Michaels prices downsized $2.15 billion notes in two tranches
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| 4/8/2021 | HY | Michaels sets price talk, covenant changes in downsized $2.15 billion notes offer, pricing Friday
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| 4/8/2021 | CLHY | Market Commentary: Organon, Michaels, One Call break; Quikrete, Russell Investments, ImageFirst disclose talk
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| 4/8/2021 | BK | Market Commentary: Organon, Michaels, One Call break; Quikrete, Russell Investments, ImageFirst disclose talk
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| 4/8/2021 | BK | Michaels ups term loan to $1.95 billion, firms at Libor plus 425 bps
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| 4/8/2021 | BK | Michaels firms $1.8 billion term loan spread at Libor plus 425 bps
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| 4/8/2021 | HY | Michaels sets price talk, covenant changes in $2.3 billion two-part notes offer, pricing Friday
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| 4/6/2021 | HY | Market Commentary: Century Aluminum, TMS, Uniti price; Royal Caribbean, Goodyear improve; energy gains
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| 4/5/2021 | HY | Market Commentary: Organon, Century Aluminum on tap; Ingram Micro at a premium; Weight Watchers, Certera flat
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| 4/1/2021 | HYLM | Michaels to redeem $875 million 8%, 4¾% notes due 2027
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| 4/1/2021 | HY | Michaels sets Monday investor call for $2.3 billion notes backing buyout by Apollo
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| 4/1/2021 | BKHY | Moody's rates Michaels loan Ba3, notes Ba3, B3
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| 3/31/2021 | BKHY | S&P rates Michaels loan B, notes CCC+
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| 3/30/2021 | BK | Market Commentary: Virgin Pulse, MyEyeDr., W.R. Grace break; Belfor revised; Atlantic, City Brewing accelerated
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| 3/30/2021 | CLHY | Market Commentary: Virgin Pulse, MyEyeDr., W.R. Grace break; Belfor revised; Atlantic, City Brewing accelerated
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| 3/30/2021 | BK | Michaels to launch $2.8 billion credit facilities on Wednesday
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| 3/16/2021 | BKHY | Michaels plans $3.1 billion credit facilities, $2 billion of notes
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| 3/3/2021 | BK | Michaels plans new debt financing for buyout by Apollo Global
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| 12/3/2020 | BKBWHY | Michaels aims for 3x leverage after debt refinancing, paydown in Q3
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| 9/17/2020 | BK | Market Commentary: Aveanna, Wabash, Michaels, Pactiv break; Netsmart, PCI, Barrette, Hyland, Ellucian set talk
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| 9/17/2020 | CLHY | Market Commentary: Aveanna, Wabash, Michaels, Pactiv break; Netsmart, PCI, Barrette, Hyland, Ellucian set talk
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| 9/17/2020 | HY | New Issue: Michaels prices downsized $375 million 4¾% seven-year senior notes
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| 9/17/2020 | BK | Michaels increases term loan B amount to $1.67 billion
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| 9/17/2020 | HY | Michaels downsizes offering of seven-year notes to $375 million, sets talk in 4 7/8% area
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| 9/17/2020 | HY | Michaels driving by with $500 million seven-year secured notes; whisper 5¼%-5½% area
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| 9/17/2020 | BKDDHY | S&P gives Michaels notes B+
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| 9/9/2020 | CLHY | Market Commentary: RCN Grande updates talk; Cablevision Lightpath sets guidance; calendar continues to build
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| 9/9/2020 | BK | Market Commentary: RCN Grande updates talk; Cablevision Lightpath sets guidance; calendar continues to build
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| 9/9/2020 | BK | Michaels readies launch of $1.62 billion term loan B for Thursday
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| 9/9/2020 | BKDDHY | S&P rates Michaels loan B+
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| 6/4/2020 | BKBWHY | Michaels draws $600 million on revolver, then pays back $300 million
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| 3/26/2020 | BKDDHY | S&P lowers Michaels
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| 3/17/2020 | BKBWHY | Michaels keeps cash on its balance sheet, intends to preserve money
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| 12/11/2019 | BKHY | S&P downgrades Michaels
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| 9/11/2019 | BKHY | S&P shifts Michaels’ view to negative
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| 6/17/2019 | BKHY | S&P rates Michaels notes B
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| 6/17/2019 | HYLM | Michaels Stores eyes calling 5 7/8% subordinated notes due 2020
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| 7/18/2017 | BKHY | Moody’s rates Michaels Stores Ba2
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| 3/15/2017 | BKHY | S&P upgrades Michaels
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| 7/15/2016 | BKHY | Moody’s upgrades Michaels
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| 6/27/2016 | BKHY | S&P lifts Michaels view to positive, ups loans
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| 12/1/2015 | SP | New Issue: Bank of Montreal prices $34.48 million Raymond James/Sabrient Systems GARP equity-tied notes
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| 7/21/2015 | BKHY | Moody's upgrades Michaels
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| 4/6/2015 | HYLM | Michaels to redeem all $180.85 million of 7½%/8¼% PIK toggle notes
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| 4/2/2015 | BKHY | S&P upgrades Michaels
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| 11/10/2014 | HYLM | Michaels plans redemption of 7½%/8¼% PIK toggle notes on Dec. 10
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| 6/30/2014 | HY | S&P assigns B CCR to Michaels
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| 6/27/2014 | HYLM | Michaels to redeem $439 million of 7½%/8¼% PIK toggle notes
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| 12/20/2013 | HYLM | Michaels to redeem part of 71/2%/81/4% PIK toggle notes with IPO proceeds
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