Wall Street Webcasting presents Wells Fargo Securities: Credit Spreads Drift Wider
Wall Street Webcasting presents exclusive video of Rich Gordon, the
highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE:
WFC). This week Gordon examines why credit spreads keep drifting
wider and how the Cyprus bailout has affected the market.
After the news on the Cyprus bailout broke, the 10 year treasury rallied
23 basis points and corporate spreads widened. Gordon cites three
reasons why the financial markets have begun to slow down over the last
couple of weeks. First is the Cyprus bailout being at the forefront of
the news, second is month end and quarter end technical’s, and third is
the Fed’s meeting over quantitative easing. All three of these reasons
have caused investors to move out of fixed income risk assets and into
risk free assets.
To hear other reasons why the spread keeps widening, tune into Wells
Fargo Securities’ newest video.
Please visit the following link to view the video:
http://www.wsw.com/webcast/wav/
