Send me real-time posts from this site at my email
Macro Charts

IG CDX spread less than 50 bps

This means the demand to protect investment grade (IG) credit is low and thus this insurance is cheap. 

But as IG yields decline to around 2.5-3.0%, this 0.5% annual cost still eats into gains. This is also a reflection that investors don't view the current environment as particularly high risk. At the same time, it there isn't much upside in holding IG corporate credit.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue