This Could End With “Large Retail Investor Outflows From Bond ETFs”

If you are a credit investor, you should be worried right about now. For one thing, you could be a hermit whose only connection to the outside world is a chart of IG and HY credit spreads that updates daily and still know it's time to take some off the table. The spread compression off last year's deflationary doldrums is mammoth. So there's that. But let's say you're not a hermit and you have some conception of what's happening in terms of central banks looking to roll back accommodative pol