While we have focused on the decoupling between US equity markets and their high-yield credit and US Treasury yield peers, today is perhaps most notably for the widening seen in investment-grade credit markets – the most in 2 months – as oil-complex concerns squeeze liquidity across all credits.
Notably HYG is under significant pressure also (not helped by some intraday weakness in Treasury yields today)
Charts: Bloomberg
via Zero Hedge http://ift.tt/1yavtkR Tyler Durden