Diary of a Financier

Closed Pair: Long HYG, Short LQD

In Capital Markets on Mon 7 Mar 2011 at 15:04
  • Finally, closed my high yield/investment grade spread-tightening pair +3.10% total return (including dividends), opened 12/22/10.
  • Long HYG: +4.11%.
  • Short LQD: -1.01%.

I’m happy to be out, per my recent notes.

–Romeo

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