Intraday Update
1:59 p.m. ET A new Bloomberg report on Wednesday, citing data from Fitch Ratings, showed that delinquency rates on subprime auto loans surged to their highest level since 1994. I suspect this is contributing to HY Credit leading even lower, a warning we first got yesterday. As SPX nears a test of Monday’s gap (potential support), HYG is leading…
This content is for All Access members only. Register here.
Already a member? Log in here