Tuesday, May 21, 2013

Credit Suisse Global Risk Appetite Headed for euphoria

From Sober Look:
On its risk appetite index, Credit Suisse views the index value of 5 as "euphoria". And we are headed there, as markets embrace risk.
Source: Credit Suisse

This is not surprising given where credit markets are trading. As an example, the Merrill European High Yield Index average yield is now below 4.5% (4.46% to be precise)....MORE