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US HY: Industry Spreads Now vs. 2014 Tights

HY Snapshot: 11 Jan 2017, 4:56 AM ET
Printed for x x

We do an industry level comparison of current HY spreads vs. the 2014 tights. With a caveat for constituent migration across credit tiers, the vast majority are materially wider than the 2014 trough despite the culling.

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