1431 GMT - U.S. credit spreads are expected to widen further as investors adjust their outlook on U.S. growth due to the worsening U.S.-China trade dispute, HSBC credit strategist Song Jin Lee says in a note. "The latest tariff announcements are likely to prove detrimental to growth expectations for the U.S. and its trading partners alike," Lee says. HSBC has a neutral recommendation on U.S. investment-grade credit and a mildly bearish recommendation on U.S. high-yield credit. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 09, 2025 10:31 ET (14:31 GMT)
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