Credit Flow Dynamics: Supply Surge Meets Muted Secondary Trading as Spreads Hold Generally Unchanged

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BondWatch Editorial

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Today’s Brief Overall Market Sentiment The session was described as lighter, with muted overall secondary volumes, down approximately 15% of average daily volumes. IG cash spreads generally were wrapped around unchanged to either side of unchanged, ending unchanged to 2 wider. Despite broader market weakness and heavier supply, credit outperformed a touch with spreads +/-2…....

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