Just in case you were wondering if there was any fall-out from the JPM/Iksil debacle. The investment grade credit indices are getting Corzined here from IG9 10Y to the latest and greatest IG18 5Y. Equity markets will not stand idly by as the investment grade credit market violently jerks wider.
IG is having its worst week of the year so far...
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and IG9 10Y is back near its opening wides - around 9bps wider on the day - a huge move in relative terms...
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