Friday, March 26, 2010
Credit spreads are very important indicators to watch, so once again here is an updated version of generic credit default swaps. Spreads continue to slowly tighten, which is good, but they remain significantly higher than they were before the subprime crisis exploded. The bond market is still very cautious (and that is consistent with my take on equity valuation), and it's obvious we aren't completely out of the woods yet. But we are making progress, and that's what's important.
Posted by Scott Grannis at 11:53 AM