FYI: The rebound in the Energy sector continued once again today as the Philadelphia Oil Services Index rallied 9% for its best day since March 2009. Today’s rally in that part of the Energy sector followed a strong rally in credit last week where spreads on high yield rated debt of companies in the Energy sector compressed further below 1,000 basis points (bps) to their lowest level since last July.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/energy-spreads-keep-compressing/
