The Traderszone Network

Published in TZ Latest News 23 April, 2015 by The TZ Newswire Staff

"Obsessive" Buybacks Could Be Big Mistake, "Serious" People Tell Unserious People

Over the course of the last several months we’ve taken every opportunity to point out the fact that undergirding the strength in equities is a wave of corporate buybacks. At nearly $350 billion, IG issuance recently hit a record for Q1 and HY supply hasn’t been too shabby either at $93 billion during the period. The supply deluge has of course been fueled by investors’ voracious appetite for anything that offers any semblance of yield in the face of a credit landscape where risk-free debt slides further into NIRP-dom with each passing month.

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