Of course wider spreads have in part been driven by falling treasury rates, but the effective yield of this index hasn't returned to April 2011 levels either.
Tuesday, February 7, 2012
Investment Grade Credit Spreads
The Dow may be making new multi-year highs today, but one market that hasn't fully recovered from last year's decline has been corporate credit. As shown below, BBB spreads are still elevated compared to where they were in May of last year.
Of course wider spreads have in part been driven by falling treasury rates, but the effective yield of this index hasn't returned to April 2011 levels either.
Of course wider spreads have in part been driven by falling treasury rates, but the effective yield of this index hasn't returned to April 2011 levels either.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.