Corporate Distress Spreads; Energy Junk Is a Haven
The Credit Edge by Bloomberg Intelligence
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Energy Bonds: A Safe Haven in the Face of a Financial Storm
Spencer Kutter: Energy bonds have done very well the last year. He says there is a floor in terms of credit spreads and I think we hit that floor last year. That said, if oil goes back to $100 and natural gas go back to $6, $7.00, it's hard to see that there's a lot of upside just because the windfall from those higher prices is being steered towards shareholders. So overall credit energy sector, this is the big year for this particular part of credit.
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