In recent months, credit spreads have narrowed to levels not seen since before the global financial crisis. These shifts signal a robust stock market and valuations above historical averages—a dual ...

A bear spread is an options strategy for mildly bearish investors. It aims to capitalize on moderate declines in an underlying asset's price through put or call spreads.

Sovereign risks are evident, and corporate earnings have impressed. However, these are known factors—it's time to look ahead. We remain bearish on high-yield credit, with the spread between high yield ...

Structural models of default are widely used to analyze corporate bond spreads, but have generally been unable to explain why risk premiums are as high as they are. This credit spread puzzle can be ...