Overall we see credit primarily as a source of income, with limited potential for price appreciation from spread compression. (blackrockblog.com)
Seeks opportunities to benefit from improving credit quality and spread compression in a diversified portfolio of US Dollar sovereign and quasi-sovereign bonds, supplemented with carefully chosen corporate issues. (standish.com)
The effect of spread compression and depth of book, however, is mostly an issue of redistribution of profit around the marketplace. (rba.gov.au)