Volatility Explodes: China Crashes Then Soars; Bund Tumble Continues With Yield Touching 0.99%
June 04, 2015 at 08:32 AM EDT
The recent rising yield environment has so far had limited impact on credit, especially HY. However yesterday saw another test with Bunds (as already highlighted) hitting YTD yield highs having climbed +16.8bps. That's +39.6bp this week alone.