We're seeing a overnice contrast inward surgical procedure betwixt investment degree corporate bonds (LQD; transcend chart) together with high yield corporates (HYG; bottom chart). Since October, investment degree corporate bonds convey attracted buying interest, moving to 2 calendar month highs. High yield corporate bonds, however, popular off along to languish at their behaviour marketplace lows. The spreads betwixt high yield together with investment degree bonds offering a overnice persuasion guess regarding expectations of default vs. recovery. So far, the emphasis on lineament inward the bond marketplace suggests that expectations of defaults convey non abated.
.
No comments:
Post a Comment