EFTA Document EFTA01385941

27 March 2015 US Fixed Income Weekly United States Credit HY Strategy IG Strategy US Credit Strategy Taking Spread-per-Turn to Sector Level Seasonally-strong issuance period is about to take a break, but not retire Credit markets remained relatively stable over the past week, even as the equities and 10yr rates fully reversed their post-FOMC moves. HY spreads tightened 6 bps, with CCCs underperforming, and single-Bs showing a slight edge over the index. IG moved a basis point wider.