Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Iconix Brand Group: Recent Strength In The 2016 Bonds Continues

|Includes: Iconix Brand Group, Inc. (ICON)

icon Iconix Brand Group (NASDAQ:ICON) bond issues are showing a recent uptrend that is rare in a chaotic bond market over the last few days. The 2016 bonds in particular are stabilizing well above their recent lows. The wide price difference between the 2016 and 2018 bonds shows the market's peceived default risk is higher in 2017 and 2018 than 2016.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.