We don’t think US high-yield (HY) spreads would fall all the way back to their recent lows even if US recession concerns faded and a stock market bubble reinflated. And we think they would rise significantly if US equities fell into a bear market.
Our suite of interactive Financial Markets dashboards now includes a dedicated Corporate Bonds dashboard, featuring many of the charts shown in this report and more. It will be updated on a regular basis with our latest insights and forecasts.
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