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* Another Good Week For Risk Markets With Equities And Credit Rallying Further
document * Another good week for risk markets with equities and credit rallying further House Oversight Committee — Epstein Estate Records (Nov 2025)

but this week without a selloff in bonds. Much of the rally in equities is likely the aftermath of the last minute escape from Fiscal Cliff 1 on December 31. But since then

* High Grade Spreads And Yields Were A Few Bps Tighter This Week
document * High-grade spreads and yields were a few bps tighter this week House Oversight Committee — Epstein Estate Records (Nov 2025)

although US and European high-yield continued to rally strongly. Double-digit spread tightening sent both to new all-time yield lows; now just 5.9% in the US and 6.5% in Europe. The clear outlier this week was EMBIG