Brent, the VIX and US high-yield spreads since the war began on 28 February. The repricing arrives one asset class at a time: crude and hull cover first, volatility second, credit not yet — HY OAS 2.73% while Hormuz sailings run at 2/day.
Oil charges; credit still doesn't
Brent, the VIX and US high-yield spreads since the war began on 28 February. The repricing arrives one asset class at a time: crude and hull cover first, volatility second, credit not yet — HY OAS 2.73% while Hormuz sailings run at 2/day.
