Global Stock Sell-off to Be Short-Lived, Credit Suisse Strategists Say

(Bloomberg) -- The rise in bond yield spreads
doesn't amount to a credit crisis and losses in equities should
be short-lived, according to Credit Suisse Group's equity
strategists.

Corporate credit spreads, or the difference that companies
pay to take on debt relative to what governments would, have
risen too far in recent days, a team of strategists led by Andrew
Garthwaite wrote in a note today. Companies are earning enough
money and private-equity firms have enough investment to sustain
takeovers, buybacks and share gains, they wrote.


Read more at Bloomberg Stocks News