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Spreads vs. equity baskets

CREDIT MACRO

$IG spreads still lagging us and their equities. Unclear if we will be in for the same when supply returns. Spreads were mute this week in IG with slight compression in HY.


Reminder our equity baskets are created to match weightings in Bloomberg's credit indices and rebalanced monthly alongside it. Private issuers are excluded which means coverage at 97%/70% for $IG/HY and 85%/53% for €IG/HY.

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