Corporate Credit Spreads Are Widening, ButMark Melin
Credit risk in August has spiked, and it is concerning institutional investors, a UBS report notes. As Corporate credit spreads have been materially widening of late, indicating a degree of concern, several correlation anchors, likewise, appear to be diverging. There are several factors driving the recent risk-off movements, as “headwinds abound.” While remaining “modestly cautious,” UBS analysts Stephen Caprio and Matthew Mish point to idiosyncratic opportunity and forecast positive market environment going forward with one . . .
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