Credit spreads are a useful monitoring tool, but a poor timing signal. Investors who tried to position defensively the moment spreads began tightening in 2023 left significant return on the table.

Indices in the FTSE Canada Bank Credit Spread Index Series are transparent and designed to be replicable, with individual security holdings, prices and spreads disclosed daily. The design of the ...

Structural models of default are widely used to analyze corporate bond spreads, but have generally been unable to explain why risk premiums are as high as they are. This credit spread puzzle can be ...