Exhibit 1: JP Morgan Non Investment Grade Index has fallen to 750. Lower highs, lower lows, since the peak in June 2010. This indicates that risk appetite is slowly rising.
Showing posts with label JP Morgan Non Investment Grade Index. Show all posts
Showing posts with label JP Morgan Non Investment Grade Index. Show all posts
Sunday, 25 July 2010
Aftermath of Stress Test
So the stress test wasn't very stringent. European banks are probably still hurt by the drop in value of the PIIGS bonds in their balance sheet. Default risk of PIIGS is still real. But let's look at some vital signals of risk assets.
Exhibit 1: JP Morgan Non Investment Grade Index has fallen to 750. Lower highs, lower lows, since the peak in June 2010. This indicates that risk appetite is slowly rising.
Exhibit 1: JP Morgan Non Investment Grade Index has fallen to 750. Lower highs, lower lows, since the peak in June 2010. This indicates that risk appetite is slowly rising.
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