Following last week's presidential election, the bond markets were sent into a frenzy with anticipation that Trump's policies would lead to economic growth, and thus inflation. Today, Janet Yellen announced that an interest rate hike "could well become appropriate relatively soon", furthering the sentiment that an increase is coming in December. Through AdvantageData's Market Analytics, yields by industry can be tracked in real-time and broken out into Custom Indices.
Topics: High Yield, Investment Grade, Yields by Industry, Election, Janet Yellen
High volatility in both the IHS Markit CDX LatAm Corporate Index and Mexico 6.75% 2034 note can be observed in the 90 days leading up to the Presidential election. Most recently, a sharp widening of the given CDS spread is noticeable at the end of October after Director James Comey stated that the FBI was reopening its investigation into Hillary Clinton's email scandal. This widening was quickly reversed just days before Election Day when Comey and the FBI determined there was no further evidence of wrongdoing by Clinton.
Topics: credit default swaps, CDS, Election
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