FYI: Driven largely by renewed weakness in the Energy sector and that sector’s big weighting in high yield corporates, high-yield spreads are once again widening out over the last few weeks. From a level of 465 basis points above treasuries a month ago, high yield spreads, as measured by the Merrill Lynch High Yield Master Index, have shot up to 549 bps, which is the highest level of the year. In just the last week alone, spreads have widened out by 54 bps, which is the largest 5-day move since late December.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/high-yield-etf-posts-a-new-52-week-low-for-the-first-time-in-2015/
