Yes, my new answer is "I have no idea". And I'm showing my ignorance here.
But a quick google says they perform well in a robust economy and during periods of strong economic growth when the expected defaults by issuers are low.
Can't forget though that the market is 6 to 12 months forward looking.....except when it's reacting to massive policy shift?
Yes, my new answer is "I have no idea". And I'm showing my...
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Change
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