…even without considering recessionary chances, we cannot fail to highlight some significant aspects regarding the current level of HY corporate bonds spreads compared to their history. The above chart shows the level of US spreads for corporate issuers rated Ba/B1 with a 1 to 5 years maturity, 2Y US yields, the inflation trend (US CPI YoY) and an indicator showing US recessions occurrence and amplitude….
And wHat Yf….!!!
