“This past Friday kicked off the start of earnings season as JPM, WFC and Citi released Q1 earnings following record Q1 new issue volume. JPMorgan reported a modest 6% rise in profits Friday while profits at Wells Fargo and Citigroup declined, although both topped Wall Street expectations.”

Get your updates on the credit market each week with Talking Tuesdays from Stephen L Haas, Head of Credit Trading for AmeriVet Securities, Inc.