Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
This chart made by us at FxWirePro, in St. Louis Fed's economic dashboard shows how the U.S. high yield bonds have gotten along with the crude oil price (inverse scale). How many barrels of crude a dollar buys vs. Effective yield calculated by Bank of America Merrill Lynch (BofAML).
Since 2015, they had have shown a very high level of intimacy, Crude went down, the yield went up. Both recovered since February.
However, recently these two, have diverged. the oil price edged lower but yields edged lower too. We wonder if the oil doesn't affect the financial position of the high yield companies anymore, the worst is over or is that the investors don't care? Just being crazy about the yield/return? And there will be no credit risk since the money printing is forever!!!
