More negatively correlated for IG than HY?
OR
Only negatively correlated for IG?
More negatively correlated for IG than HY?
OR
Only negatively correlated for IG?
“This observed negative correlation between high-yield credit spreads and government benchmark yield …” Credit strategies : “Section 2 credit spread curves”
Halfway through my studies for L3 realizing I should’ve just read the curriculum cover to cover instead of relying on Kaplan summaries. Thank you