Sunday, May 17, 2009

The Debts of the World: JB, IG, and EM Spreads




Emerging mkt, junk bonds, investment grade. The pictures are labeled for easy interpretation.

Summary: After a broad rally in April and early May(declining spreads indicate greater optimism), bond traders became skeptical of macro-economic conditions sometime last week. The greatest skepticism was found in junk bonds (referred to as high yield in the industry). I'm not an OTC bond trader and spend most of my time in equities, commodities, or treasuries - things that are exchange driven. So any additional insight from the fixed income sector is appreciated.




Source: Markit's CDX Indices
blog comments powered by Disqus

Blog Archive