Him - "I've had banks pretty much telling me I can name my price in itraxx tranches, off the back of structured stuff they've issued to retail." Discussing recently with another credit pundit on a macro chat platform, we reminded ourselves of the 2007 spread compression with the current situation: Reminiscences of a flow credit operator comes to mind in true 2007 fashion these days, given the continuous inflows into Investment Grade funds, in conjunction with continuous tightening in credit spreads. Macro and Credit - If you love low volatility, stick to investment grade credit
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