Miner Company
The Ceasefire Trade Tests The Bond Market's Resolve
Investors appear to recognize that the ceasefire is fragile and that the underlying forces driving yields higher extend well beyond the Middle East conflict. Investment-grade option-adjusted spreads remain at 89 basis points, wider than the 78 basis points at year-end.
Investors appear to recognize that the ceasefire is fragile and that the underlying forces driving yields higher extend well beyond the Middle East conflict. Investment-grade option-adjusted spreads remain at 89 basis points, wider than the 78 basis points at year-end.