Credit Market Rout Has Ways to Go Before Fed Steps In, UBS Says
The Marriner S. Eccles Federal Reserve building in Washington, DC.
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Credit spreads have widened significantly this month but they remain far from levels that would compel the Federal Reserve to step in, according to UBS.
“Current indicators suggest no immediate justification for intervention,” UBS strategists led by Matthew Mish wrote in a note dated April 13.