While I wouldn't yet characterized the spread as "blowing out" the moves are contrary to what we've seen over the last year:
Wednesday, June 5, 2013
Update on High Yield/Treasury Spread Widening (TLT; JNK)
A couple days ago I mentioned (Looking at the Treasury/high yield spread (TLT; JNK) we had noticed the start of a flight-to-quality on Friday afternoon, Using the iShares Barclays 20+ Yr Treas.Bond ETF and the SPDR Barclays Capital High Yield Bond ETF as proxies:
While I wouldn't yet characterized the spread as "blowing out" the moves are contrary to what we've seen over the last year:
While I wouldn't yet characterized the spread as "blowing out" the moves are contrary to what we've seen over the last year:
