What caused spread U-turn?



Credit investors are trying to make sense of a sharp widening trend that began in early March. After month upon month of gradual tightening, the credit markets finally gave substantial ground, with the iBoxx index moving out from 35bp to 49bp. The question now facing investors is this: was March’s widening a technical blip, a market correction or a definitive turn in the credit cycle?

During February, it seemed as though the iBoxx index was entering a new range of 35–42bp. But the credit market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here