Corporate Distress Spreads; Energy Junk Is a Haven
The Credit Edge by Bloomberg Intelligence
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The Depressing Outlook for Bank Bonds
There's a lot of activity in the market for credit default swaps, which allows investors to bet against companies. One place where hedge funds and particularly macro funds can kind of pile on to the negative sentiment is with CDSs. Once those bets are noticed and recorded, it exacerbates things often.
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