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But we saved everything 🙂.
Investment grade (IG) cash spreads widened to approximately 89 basis points today, marking a level in the bottom quintile of historical ranges. Guy LeBas highlighted this significant market movement on social media.
Today's spread dynamics underscore the complexity of fixed-income markets, particularly in light of prior yield curve movements where a notable flattening followed the 10-year rate peaking near 4.20 percent. These developments also build upon earlier analyses of underwhelming GDP growth at 1.4 percent, highlighting the interconnected pressures shaping investor sentiment.