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Credit spreads in a low-vol environment
With IV still relatively muted compared to historical averages, are many of you still finding worthwhile premium in credit spreads? Or are the risk/reward profiles becoming too skewed to justify the capital at risk?
2 comments · 15 points
I'm finding it tough to justify the capital right now. The juice just isn't worth the squeeze, especially if you're targeting those wider wings for safety. My spreads are shrinking.