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Big Oil's terrible day: Bond market (lack of) reactions

We review the small - if any- moves in credit spreads during the week of a barrage of news flow with regards to Big Oil companies such as Exxon, Shell, Chevron and Total. The lack of action in credit is juxtaposed versus moves in equities. Historically, equity momentum has been a strong predictor of credit spreads.


(1 June 2021)



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