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Still A Big Divide
By: DailyMarkets.com
Posted on June 19, 2012 at 16:50 PM EDT
Although the gap narrowed somewhat during the late-Spring selloff, the divergence between equity and credit markets has grown once again because the recent rebound in share prices has not been matched by a comparable move in credit spreads. That suggests fixed-income traders remain much less sanguine about the economic outlook than their stock market peers. [...]

Although the gap narrowed somewhat during the late-Spring selloff, the divergence between equity and credit markets has grown once again because the recent rebound in share prices has not been matched by a comparable move in credit spreads. That suggests fixed-income traders remain much less sanguine about the economic outlook than their stock market peers.

While it is possible that the latter group are ahead of the curve, the history of the past decade or so suggests that is not the case. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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