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High spreads could reflect fears of low recovery rates.A second cause may be potential indigestion.
Today's high yields and high spreads suggest that investors realize that many companies issuing high-yield debt confront much greater risks than they faced two years ago.
But in 1996, after a class-action lawsuit said market-makers had colluded to keep spreads high, spreads on the Nasdaq began to drop.
The implied volatility of options on a company's shares, for instance, can be viewed as the cost of insurance against the worsening of a firm's prospects, as measured by its share price.When equity prices are falling and the cost of that insurance is high, spreads widen.
"Despite the high spreads, we have shown that we can refinance our debt," says Mr Papathanassiou.Special report Holding together A tortuous path One size fits none No exit The non-nuclear options Fear of floating Soft centre Warmer inside Sources & acknowledgmentsReprintsItaly's economic travails have attracted less attention recently.
The interest rate spread is generally non-significant, but high spreads appear significantly associated with reforms extending ALMPs and reducing the generosity of Early Withdrawal Schemes.
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An intelligence summary at the bottom of the slide reads "urban areas experiencing 'ethnic cleansing' campaigns to consolidate control" and "violence at all-time high, spreading geographically".
The results often show high spread of measured data.
The stress controlled fatigue test showed a high spread both for the base and FSW composites.
Both, multiple sorts and a high spread, require to choose the number of test portfolios as high as possible.
With the rapid growth of mobile technology, mobile devices have become very popular and have reached a very high spread.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com