“In oil, we call it a crack spread… In soybeans, we call it a crush spread… At DRW, we call this the crunch spread”
♫
Said on Odd Lots
“Spreads are tighter in high yield investment grade mortgages than they have been 96% of the time over the last two decades.”
Bill Egan, JP Morgan Strategic Income Opportunities Fund · Animal Spirits Podcast · Talk Your Book: Will AI Debt Cause a Recession?
Play from 8:07
8:07
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What was described
monitored spreads, noting that high-yield and investment-grade mortgage spreads are at the tightest level in 96% of the last two decades
96% of the time over two decades
Said nearby on the same subject
“The most efficient way to get people in is to just sit with them, spend a couple of hours. And then two hours down the line, you see people's eyes just they're like, I want more of this. And then you immediately start getting like a person in the team and it spreads and spreads.”
RP
Roman Petruchenkov
eCommerce MasterPlan ·
“Look at SOFA spreads, the move index, credit spreads and term premia. Those are all warning signs of what could be going wrong or right.”
♫
Said on BTC Sessions
“Senior bond spreads move from the low 60s to the circa 70 area; major bank T2 spreads drift from high 115-120 to low 130”
♫
Said on Complexity Premia
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