X·宏观· Andy Constan (@dampedspring)·· 16 天前AI 评分28
HY Spreads Merton Model - Doomers take a breath please. 1) Yes HY spreads are spiking over the last…
HY Spreads Merton Model - Doomers take a breath please. 1) Yes HY spreads are spiking over the last…
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HY Spreads Merton Model - Doomers take a breath please. 1) Yes HY spreads are spiking over the last 4 months. 2) you have to squint to think this is high spreads or stress 3) a merton model using equity vols and levels and corporate leverage tracks spreads pretty well. 4) https://t.co/xiz4uaiOLr
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