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Wells Fargo says Treasury yield levels are a poor gauge of investment-grade credit risk. It says volatility, short-term rate expectations and the yield-curve shape now point to trouble ahead for credit.
ARE CREDIT INVESTORS WATCHING THE WRONG SIGNAL?Credit investors are relying on the least useful part of the Treasury market to gauge risk, according to Wells Fargo, which says three overlooked signals now point to trouble ahead for investment-grade bonds.Analysts Ravi Shukla and Billy Melchionni no…
Pershing Square (NYSE: PS ) released second-quarter financial results and hosted an earnings call on Thursday. Read the complete transcript below. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more. The full earnings call is available at Summary Pershing Square Inc. antic