SJB: Tactically Bullish As A Shady Credit Risk Environment Emerges

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  Posted by Two Blokes Jun 5 - Filed in Stock - 7 views
  
  ProShares Short High Yield ETF provides inverse exposure to the Markit iBoxx\u00ae $ Liquid High Yield Index for hedgers, speculators, and underwriters. Fundamentally, we see option-adjusted spreads widening. A factor model quantifies our thematic argument. Interest coverage ratios bottomed earlier this year but a loss in global confidence could see ratios trend down again.