3rd bullet point is to do with credit spreads
Declines in price IG bonds not moved as much as expected by gvt bond.
Meaning yields have remained lower than would be expected.
That means credit spreads have narrowed
3rd bullet point is to do with credit spreads
Declines in price IG bonds not moved as much as expected by gvt bond.
Meaning yields have remained lower than would be expected.
That means credit spreads have narrowed