High-Yield Selloff Could Get Worse

High-Yield Selloff Could Get Worse

“If the 8% decline in the trade-weighted British pound fails to kick up much dust in U.S. credit markets, it would be a historical outlier,” that’s according to credit analysts at Deutsche Bank, which published a report this week on the possible pass-through effects Brexit could have on US corporate credit.

Based on past events, Deutsche’s analysts point out that since 2000 there has been a strong negative relationship between the British pound’s decline against a basket of five major trading partners and the excess returns . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible

Saved Articles

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 10/31/2019 or after next 25 20 subscribers take advantage whichever comes first – please do not share this discount with others


WhatsApp chat