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SVB Collapse Continues to Have an Impact
Bloomberg Businessweek
High Yield Credit Market
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When the market is fragile and poised for indecisiveness, it doesn't take much to send it in one direction or another. What I would say right now is I think the risk is more to the downside because of where valuations are. There's risk in the investment rate and particularly high yield credit market because we have not seen spreads move like they normally would in a stressful environment.
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