The Bank Credit Crunch has arrived. The Fed survey of bankers showed 46% tightened lending standards in Q1 2023. That’s heavily in “recession” territory. May 9, 2023 3:55 pm
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. August 17, 2022 8:04 am
