Spreads vs. Yields, Financial Conditions, and Walmart/Target Read-Across

22/08/2025 9 min

Listen "Spreads vs. Yields, Financial Conditions, and Walmart/Target Read-Across"

Episode Synopsis

This week, our 3 Things are:

Spreads vs. yields. Spreads are tight. Yields, not so much.
Financial conditions. Don’t lose sight of what normal is.
Walmart/Target read-across. The big boxes update us on the U.S. consumer.

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