Markit Recap – 3/14/2016

Investors embrace HY ETFs as sentiment turns

High yield credit has enjoyed a sustained rally over the past five weeks and investors have taken advantage through ETFs.

  • High yield bond ETFs have seen five consecutive weeks of positive inflows
  • Markit iTraxx Europe Crossover index has seen its spread fall from 486bps to 332bps
  • Oil & Gas, Basic Materials,