Main And IG17 Not Doing As Well As Equities…

Main was 4 tighter at one point but is only 1 3/4 tighter now. IG17 is only 1 tighter – which seems light given where futures are. HY17 is doing better, the slippage in these indices may be a sign that stocks are over enthusiastic again. I think we will see lower levels than now at some point today.