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HY Bond Spreads

The ECB is meeting to discuss widening credit spreads, mainly the Italian vs German sovereign bond spreads. Credit spreads in the US have gone up too and here is a look at the HY spreads from FRED,
https://fred.stlouisfed.org/graph/?g=QB0c
ECB News https://www.cnbc.com/2022/06/15/european-central-bank-last-minute-meeting-to-look-at-market-conditions.html
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