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High Yield Spreads Down 20% from St. Patrick's Day High

by: Bespoke Investment Group April 29, 2008 | about stocks: HYG / IEF

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Since the St. Patrick's Day inflection point, spreads on high yield corporate bonds are down over 20% from their high of 862 basis points (bps) versus US Treasuries (based on the Merrill Lynch Index of high yield debt). As long as spreads can continue to come in, the environment for equities should remain positive, but at a level of 685 bps, spreads remain over 180% off their lows from last June.

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This article has 1 comment:

Apr 29 04:04 PM
What do you mean as long as the spread can continue to come in? The spread of the HY comes down? Thanks.
Reply

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High Yield Spreads Down 20% from St. Patrick's Day High

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High Yield Spreads Down 20% from St. Patrick's Day High

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