EFTA Document EFTA01385321

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite With high quality tight. selective value in lower qtraitty and rnid•quality In our outlook report a year ago, we talked about sticking to Higher Quality oily names given how little extra return was offered for moving out the risk spectrum. As shown below, the Higher Quality names on average have tightened by 61 bps (OAS) while the Mid Quality names have tightened by only 12 bps. This is only partly attributable t