US High Yield – CDX has tightened by 180bp in 6 weeks despite dismal data. Against the collapse in homebuilder sentiment & Empire PMI it looks nuts.
US High Yield – CDX has tightened by 180bp in 6 weeks despite dismal data. Against the collapse in homebuilder sentiment & Empire PMI it looks nuts. pic.twitter.com/2M7SEwXGLC — PPG (@PPGMacro) August 17, 2022 US mortgage payments as percentage of …