The document provides an analysis of US fixed income markets, focusing on industry sectors and leverage categories. It highlights the average spread-per-turn (SPT) and percentile ranking scores for various sectors, noting that autos and telecoms are interesting while tech and gaming are overvalued. The document also discusses the energy sector, using debt-to-enterprise-values as a factor for bond prices, and presents data on energy single-Bs and CCCs bond prices against debt/EV ratios. It includes tables showing the largest undervaluation and overvaluation gaps in bonds.
documents/vol00010-efta01457198-pdf.pdf
{"title":"US Fixed Income Weekly","document_date":"2015-03-27","document_type":"tabular","key_organizations":["Deutsche Bank"]}