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This junk-bond-market measure signals appetite for risk as stocks jump this year

Por: MarketWatch Business July 19, 2023

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In the U.S. junk bond market, high-yield spreads over comparable Treasurys tightened to 390 basis points on July 14, the Bespoke chart below shows.  BESPOKE INVESTMENT GROUP NOTE EMAILED JULY 18, 2023 “High-yield spreads typically move in the opposite direction of stock prices, so when spreads hit 52-week lows, stocks are typically at or near 52-week highs,” said Bespoke. Credit spreads in the high-yield bond market tend to increase when... + full article



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