Daily Credit Summary: June 16 – Spain, Pain, And BP’s Bane
Commentary courtesy of www.creditresearch.com Spreads closed tighter today with HY notably outperforming IG and both ahead of stocks at the close. HY has now outperformed stocks and US outperformed EUR for three days in a row but we suspect a lot of this index performance is skew and roll related as we are not seeing as positive sentiment in the broader market (and …

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