The spread between the junkier junk debt and treasuries broke with the broader junk sector and kept moving higher. Sometimes it’s a fake out and sometimes it’s the canary. Here is that spread, along with SPY inverted.
Junk Debt Spread (by LZ)
The spread between the junkier junk debt and treasuries broke with the broader junk sector and kept moving higher. Sometimes it’s a fake out and sometimes it’s the canary. Here is that spread, along with SPY inverted.
