Tradex Global Advisory Services, LLC
investorrelations@thetradexgroup.com
203-863-1500
@Tradex_Global
The Tradex Group is a minority-owned alternative asset manager located in Greenwich, CT. In addition to managing single strategy hedge funds, Tradex also manages niche fund of funds. This blog is intended for informational purposes only and nothing contained in it constitutes investment advice or solicitation. The views expressed are strictly those of the author. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Follow us on LinkedIn: http://linkd.in/LqokEf and Twitter: @Tradex_Global.
Wednesday, November 7, 2012
Bubble Time!
The Basel Committee is considering allowing banks to hold single A credits for coverage ratios. If this is approved, BBB and lower credits will reprice and make a stronger case for shorting high yield. Wow! Basel cranking up the risk! Currently single A credits are priced to yield 2.2%, down from a yield last year of 4.0%. They could possibly be headed below 2%. Bubble Time!
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