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Episode 32: Investment Grade Market Dynamics

Guggenheim Macro Markets

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The Return to Normalcy of Technical Volatility

I think that there's been a pretty good return to normalcy. The reversion to the mean is definitely intact in most sectors except for financials. And again, it's really more of the regional banks that have caused that whitening. Energy was the out-reformer, almost five basis points tighter. technology as one or two basis points wider. So when you think about the dispersion that we're seeing within the spread markets, you look at overall and it's only five or six wider, but there's a lot of dispersion going on within the sub-sectors.

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