Currents - Energy Industry Insights - March 2020 #2

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The Drop in Oil was Perhaps the ‘Final Straw’ for U.S. Credit Markets, Strategist Says -

"The credit market is sensitive to moves in oil because a 'very large portion' of high-yield bonds in America are issued by companies involved in energy production, distribution and exploration, Thomas Tzitzouris of Strategas Research Partners said."

Why this is important: U.S. credit market's volatility and vulnerability have been greatly affected by falling oil prices and historic lows on Treasury yields. With some U.S. shale producers on the brink of bankruptcy, the recent drop in oil prices are further straining a leveraged credit market, signaling worse times to come....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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