WTF Chart Of The Day: “And Now For Something Even More Bizarre”

"LOL". And also, "WTF?" I guess this is what happens when a central bank moves to corner the market on corporates just as swap spreads balloon wider on a flight to safety bid triggered by mounting political risk. Via BofAML And now for something even more ‘bizarre’… Yet, in the credit market, the last few weeks have thrown up a new and perhaps even more bizarre phenomenon: a surge in the number of bonds with negative spreads (yes, not just negative yields but now negative spreads!) Ch