After declining for most of the past 37 years, are bond yields and credit spreads going to normalize? Check them here with our weekly RateCheck covering a broad range of interest rates and credit spreads across countries and credit spectrum.
The recent oil and commodities’ rally is inflationary and the decline in HY credit spreads has much to do with higher oil prices which themselves ease the refininancing needs of the US shale oil industry which constitutes the largest component of the HY index.
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