Sycamore Tree's Trey Parker, Market Recap, 3M and Cineworld: State of Distressed Debt
FICC Focus
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Is There a Seasaw in Credit Markets?
The volatility we've seen since the russia ucrane invasion in the spring feels extraordinarily volatile. We're seeing broadening dispersion levels and more rational pricing of risk in markets, and i think that's a healthy thing. But if you look at absolute spread levels aross uno credit markets, they're still very low versus historical recessionary averages.
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