Spotted a correlation between High Yield Bonds and oil
They almost always trade exactly the same.
And HYG has NEVER gone down without oil going down.
Until right now.
Wonder how long it will take to correct.
And HYG has NEVER gone down without oil going down.
Until right now.
Wonder how long it will take to correct.
Note
Both oil and HYG ticked up slightly just now.Oil still owes HYG a crash.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.