Credit Markets Ignore Equity Rally With Fear Gauges Flashing Red

• CDX widens for eighth day even as equities turn risk-on
• ‘There is still a fair amount of uncertainty,’ investor says

Need a reason to stay cautious? Look no further than the credit markets.
Measures of investor fear in the U.S. investment-grade and high-yield corporate bond markets shrugged off the rally in stocks Monday amid another session marked by pulled loans and little new-issue activity.
Read more here: https://www.bloomberg.com/news/articles/2020-03-02/credit-markets-ignore-equity-rally-with-fear-gauges-flashing-red