MAGNES
9th June 2010, 08:27 PM
AN INVERTED DEATH CROSS IN INVESTMENT GRADE CREDIT
9 June 2010 by TPC
Links and Chart at original.
http://pragcap.com/an-inverted-death-cross-in-investment-grade-credit
As we’ve previously described the primary differentiating factor between this sell-off and every sell-off since March 2009 has been the action in the credit markets. For the first time in over year we are seeing substantial deterioration across credit markets. This has been notable in IG credit. Spreads have started blowing out again as the sovereign debt fears raise memories of Lehman Brothers.
9 June 2010 by TPC
Links and Chart at original.
http://pragcap.com/an-inverted-death-cross-in-investment-grade-credit
As we’ve previously described the primary differentiating factor between this sell-off and every sell-off since March 2009 has been the action in the credit markets. For the first time in over year we are seeing substantial deterioration across credit markets. This has been notable in IG credit. Spreads have started blowing out again as the sovereign debt fears raise memories of Lehman Brothers.