EVERYTHING’S EXPENSIVE. THERE’S NOWHERE TO HIDE: CREDIT WEEKLY
https://s.yimg.com/ny/api/res/1.2/BZkwfgpdzHGwUiP3fLWGpw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03ODI-/https://media.zenfs.com/en/bloomberg_holding_pen_162/e931849d76decf5961ae8c7bf729f231
✍️ Credit market bargain shoppers are struggling to find deals due to a relentless rally that has left valuations stretched on high-grade company debt globally.
👉 The difference between spreads on individual bonds and the average of the index is at its lowest on record. 👉 Investors are increasingly buying most of the market, flattening out the differences in bonds' yields. 👉 It's challenging to find cheap high-yield bonds due to the relentless rally. 👉 Investors are taking on more risk for not much extra yield.
-- #AprilLaRusse #AndrewChorlton #AlCattermole #MarcRowan #KenMurata #AashishDhakad #MaoIto #JakeHartmann #AnnikaKim #ScottGraves #DavidFarber #VictoriaAparece #ToddDavis #DanWilchins #NewYork #Chicago #Louisiana #HongKong #PuertoRico #Japan #Texas #business
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