CMBX widens as retailers report dismal earnings

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CMBX widens as retailers report dismal earnings

John Lewis 230x150 department store
Friday, Nov. 7, 2014. Photographer: Jason Alden Photographer: Jason Alden www.jasonalden.com 0781 063 1642 | Jason Alden

CMBX spreads widened over the past week on the back of negative retail headlines from retailers such as JCPenney and Macy’s, marking the latest turn of the screw in what some have called this credit cycle’s Big Short.

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