Widening of CDS Spreads Leads To Stock Underperformance [Study]Mark Melin
When a company’s credit default spread widens, stock investors should watch out, particularly if a company is experiencing the second spread widening. This is the conclusion of a new research paper from S&P Capital IQ.
The premise of the paper, “Lenders Lead, Owners Follow – the relationship between credit indicators and equity backtested returns,” is that . . .
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