What's Happening in the Credit Markets?

High yield and investment grade e t f have exploded in volume since the market started getting a little messy around january. No other sector, gold, health care, international, whatever you want, nothing is approaching what is happening in the credit markets. The underlying cash market volumes of high-yielding bonds are at an eight year low. And so their bonds are not widening as much as everything else. With a higher waiting, you'll see in them relatively, form a little bit better.