Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
| Corporate Spreads (BBB Bonds vs. 10yr) WIDENED to a new #Quad4 Cycle High of +207bps over yesterday. The Yield Curve remains inverted on a 1-year Forward OIS basis (10yr minus 2yr) as the front-end of that has collapsed to +6 basis points on 10s minus 2s this morning. |
