The Credit Market Lens: Rich Spreads, Cheap Treasuries, And An Incomplete Explanation
· seekingalpha.com
The unusual cheapness of U.S. Treasuries relative to interest rate swaps makes corporate bond spreads appear tighter when measured against Treasuries than when measured against swaps.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
If you have an ad-blocker enabled you may be blocked from ...