High Yield credit spread eases
On March 15 we noted that High Yield option adjusted spreads were rising, which was a distinct economic/financial negative if it were to continue.
It did not continue. Along with the recent market rally the High Yield index spread has pulled back far enough to no longer be a concern, at least in the short-term.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need to scroll down) or see other options. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.