Continued Problems in the Corporate Bond Markets

Posted on: 09, Jun, 2011

Peter Tchir submits: Credit markets continue to trade poorly. They have struggled to perform well even during moments of equity strength and the conditions that give me the most concern have not been corrected. HYG and JNK seem to be the best short candidates, and after the moves of the past few weeks, I actually prefer to be short those than SPY. I remain surprised that IYR has been so stable in the face of distress in the CMBS market so would be short IYR. LQD is also ripe for a shor...

Tags: hyg , jnk , lqd , sjb , tlh

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