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Furthermore, these outflows might influence the credit spread between high-yield bonds and U.S. Treasuries, as the market recalibrates its perception of risk in response to the changing economic landscape.
Source: https://seekingalpha.com/article/4594056-hyg-buy-case-amid-banking-crisis?source=feed_all_articles
WestJet announced on June 9 it would merge Swoop with its main business by late October as the country's second-biggest airline recalibrates amid a fiercely competitive market.