Today's
tight credit spreads reflect low levels of market volatility.
Not exact matches
When it comes to valuations, U.S. and emerging market
credit spreads reached post-crisis
tights in late 2017,
reflecting low default risks against a backdrop of solid global growth.
The markets» low - yield environment hit the bank with
tighter credit spreads, which were
reflected in a $ 567 million pretax debit valuation adjustment loss.
For
credit markets, default rates are low, but extraordinarily
tight credit spreads largely already
reflect that fact.