Catalysts for Credit Spread Tightening
Asked because cheap credit can remain cheap for years without a catalyst.
A bond looks cheap at 700bp spread. What catalysts could make the spread tighten?
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Recovery analysis, capital structure relative value and covenant leakage. 1 question
Asked because cheap credit can remain cheap for years without a catalyst.
A bond looks cheap at 700bp spread. What catalysts could make the spread tighten?
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
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