Credit Beginning To Look Like One Of Most Mispriced Asset
February 13, 2023 at 11:32 AM EST
Authored by Simon White, Bloomberg macro strategist, Credit spreads are looking increasingly detached to rising leverage, tight global liquidity and recession risk… Since peaking out in October, spreads have been tightening, but this is increasingly at odds with many other indicators. The global liquidity environment remains very tight, which pressures spreads wider. Similarly, personal savings […] Source