Spot The Odd One Out

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

Leave a Reply

Your email address will not be published. Required fields are marked *