Basically every time I can recall someone making the argument “Treasuries are yielding X% and [junk bonds/MLPs/equities/EM debt] is ludicrously close to that given its risk”, you would have done much better just buying the Treasuries than trying to short the other thing.
Replying to @macrocephalopod @quantian1
Pour one out for my CDX HY protection womp womp
12:23 AM - 4 Mar 2021
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