Yesterday, in Blowout in Some Corporate Bond Spreads; Bond Funds Post 3rd Week of Outflows, I posted some charts directly created by “Fred” the Federal Reserve data repository.
Those charts were in error, most likely a data feed error, not at this end.
For example, please consider a chart of the spread between CCC rated bonds and BB Bonds.
CCC Minus BB (8-17-2015)
CCC Minus BB (8-17-2015)
I am not sure precisely where the error was, but it was not on this end. There was either an error of some sort at Fred or an error of some sort at BofA.
Mike “Mish” Shedlock
