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US HY Chart of the Day: E&P Spread Walk 2014-2018

Strategy Analysis: 06 Dec 2018, 9:28 AM ET
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We look back at the spread walk for HY E&P from $100-handles in mid-2014, across a 4Q14 plunge, a 2015 wild ride with bouts of hope and capitulation, a Jan-Feb 2016 panic, and the mother of all late cycle rallies for US HY in 2016.

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