High yield outperformance to bring compression trade back into play: Citi

By Sayed Kadiri

Tuesday, November 03, 2020

High yield underperformance versus investment grade is expected to reverse following the US presidential election, according to a strategy note from Citi. The bank’s strategists have been advocating compression trades since July and feel that there is more room for this to run citing election trends, exposure to coronavirus credits, expected default rates and credit ratings

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TAGS: High yield bonds Investment grade credit Research Citi Credit derivatives North America

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