A simple, unbiased and trusted tool for traders and investors to follow the directional bias and signals of credit spreads at https://xitter.cf/t.co/n0jzXFdQCL.
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Credit Spread Alert retweeted
As illustrated in the Bloomberg chart below, the risk spread of investment-grade bonds has fallen to a very tight level as investors focus on a total yield that they worry will go lower in the months ahead.
This dynamic was vividly illustrated today by Meta's bond sale.
Having initially targeted $25 billion, the company easily raised $30 billion (the largest IG bond issue since 2023), taking advantage of a reported $125 billion in investor demand.
#economy #markets #bonds #investors #investing @Meta
Credit Spread Alert retweeted
The key indicator to watch is #yield #spreads. If the current #trade war leads to a much deeper #correction, spreads will lead the way. While they have risen a bit, as would be expected given the decline, they are not blowing out yet.
Credit Spread Alert retweeted
BREAKING: US high-yield corporate bond spreads are up ~60 basis points over the last month, to 3.20%, a 6-month high.
At the same time, investment grade corporate bond spreads have risen 27 bps, to 0.96%, the highest since September 2024.
US corporate bond spreads are a good gauge of financial market distress.
Spreads have widened amid rising trade war uncertainty and recession odds.
Uncertainty is here to stay.
Credit Spread Alert retweeted
Yields on US junk bonds have fallen to the lowest in more than two years.
Credit Spread Alert retweeted
The most modest widening in High Yield spreads in the history of VIX spikes
Credit Spread Alert retweeted
Spreads on US high-yield bonds have fallen to the lowest since the beginning of 2022.
Credit Spread Alert retweeted
US high-yield bonds have sold off at the fastest pace since March, when traders were worried about a banking-market collapse. Spreads have widened by nearly a half a percentage point since Dec. 28, the fastest pace since March 16.
Credit Spread Alert retweeted
US investment-grade bond yields have just had the biggest two-day drop since April 2020.
Credit Spread Alert retweeted
A lot of talk over whether SVB "should" get a "bailout," but it's worth outlining that it might not be able to without legislation.
Crisis-fighters' authorities were curtailed following 2008. The Fed and Treasury almost certainly can't rescue SVB now. Maybeeee the FDIC...
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Credit Spread Alert retweeted
Fed Funds Futures now pricing a terminal rates below 5% , 4.88% to be exact, was 5.08% before the CPI release. This was of course obvious, but what is not being told loud enough is the fact that the market never expected anything above 5%. Even after Powell's hawkish comments.
Credit Spread Alert retweeted
One more warning won’t do anyone harm. Conditions were pretty solid for a bounce. It’s very unconvincing so far. VIX TS backwardation sticky. VIX stuck above 30. Market depth is shit. Crypto failing to gather momentum. Too many potential unwinds (SoftBank, ARKK, MSTR…)
1/2
Credit Spread Alert retweeted
11/n The Fed and others focus on credit for a reason. Inability to refinance debt is always the real concern. And maybe we're at the start of a credit cycle which would be very concerning if true given extended levels of debt. But the debt markets are not YET waving a red flag
