FS credit market commentary

MAY: Steps to reopen the economy and progress toward a COVID-19 vaccine created an optimistic sentiment for much of the month, as HY Bonds, Senior Secured Loans and structured products posted strong returns | Interest rates remained relatively rangebound and the duration-sensitive Barclays Agg had a slight gain
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FS energy market commentary

MAY: Midstream led a continued recovery for the broader energy sector in May | While falling production volume is a negative for midstream, many firms have protections in place to help mitigate impacts
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Q1 earnings: Back to the future

The first earnings season in the age of COVID-19 is wrapping up, and company reports gave a glimpse into how the pandemic is impacting corporate America.
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FS credit market commentary

APRIL: Markets broadly rallied in April on the back of unprecedented stimulus by Congress and the Federal Reserve | HY Bonds posted their strongest monthly performance since January 2019 while Senior Secured Loans recorded their largest one-month gain since 2009 | A decline in interest rates following an early-month spike boosted the duration-sensitive Barclays Agg
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