Spreads trace worryingly familiar arc as investors take good news as bad and bad new worse

By Dan Alderson

Credit spreads are pushing ever closer towards the year’s peak levels, continuing Wednesday a sell off that began on Tuesday, with positive US economic data perversely sparking a bearish shift in financial assets that negative European data has since compounded

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TAGS: CDS Europe High yield bonds Investment grade credit Secondary market North America Synthetic/SRT