Tananbaum: 'Fallen Angels' to Double This Year

The video discusses liquidity in the corporate bond market, highlighting changes in dealer dynamics and market liquidity. It explores the impact of credit cycles on pricing and spreads, particularly in distressed markets. The discussion includes Golden Tree's investment strategies, focusing on idiosyncratic opportunities and the energy sector, with an emphasis on fallen angels and market trends.

How do the current spreads compare to historical averages according to the speaker?

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What opportunities does the speaker identify in the current market environment?

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What are the implications of the 'fallen angels' mentioned in the discussion?

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