📊 HY Spreads: 3bp (tightened 0bp over 13 weeks)

📊 HY Spreads: 3bp (tightened 0bp over 13 weeks) <svg xmlns="http://www.w3.org/2000/svg" width="300" height="56" viewBox="0 0 300 56" style="display:block;margin-top:0.4rem;opacity:0.85"><rect width="300" height="56" fill="none"/><polyline points="8.0,18.7 20.3,34.7 32.7,24.0 45.0,16.0 57.4,8.0 69.7,24.0 82.1,29.3 94.4,40.0 106.8,40.0 119.1,45.3 131.5,48.0 143.8,45.3 156.2,45.3 168.5,40.0 180.9,45.3 193.2,48.0 205.6,37.3 217.9,40.0 230.3,34.7 242.6,37.3 255.0,29.3 267.3,24.0 279.7,29.3 292.0,48.0" fill="none" stroke="#818cf8" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"/></svg>

3bp HY spread at multi-year low, unchanged 13 weeks signals enduring risk appetite.