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“One of the most exciting things that happened was that we saw some completely different players come into our sector.”
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“Now at the beginning of the year, while spreads are not all the way back in, we have seen a 200-basis-points move back and forth in spreads.”
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“Macro hedge funds came in and bought a ton of protection across the triple-B stack. Spreads were basically pushed out to 1998 levels in a couple of weeks, without any real panic or liquidity crisis in the marketplace.”
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