Sources
Ryan Detrick, CMT
Credit markets continue to calm and quite quickly, with spreads well off their recent peak. In early April when a recession was all the talk, the credit markets simply never bought into it, as spreads were well beneath 2022 levels. This was one positive we noted many times. https://t.co/b1wS31BtYW
Daily Chartbook "During a huge risk-on advance, US High yield spreads have tightened 152 bps since April 7. With spreads now at 309 bps above Treasuries, credit market investors are back to pricing in a very optimistic outlook with no recession and few defaults." @charliebilello https://t.co/mbGlVRJnQd
Charlie Bilello During a huge risk-on advance, US High yield spreads have tightened 152 bps since April 7. With spreads now at 309 bps above Treasuries, credit market investors are back to pricing in a very optimistic outlook with no recession and few defaults. https://t.co/aQIM8v6Ws2
