Relevant:
- Junk bonds get even junkier
- This Fed-Fuelled Junk-Bond Miracle-Rally Is Doomed
- Markets Have Gone Nuts: Junk-Bonds Are in Party Mood, Treasuries Clamor for Doom & Rate Cuts | Wolf Street
- Michael Gayed: The Wrong Rates Are Rising (JUNK BONDS TURN OVER)
- Investors Plow Into Junk Bonds; Junk Bond Sales at Record Highs
2015-12-14 — zerohedge.com
``Since then things for the junk space have gone from bad to worse, and as of Friday, the effective yield on the BofA-Merrill universe of bonds rated CCC and below has soared to 17.24%, taking out the 2011 wides and trading at levels not seen since the summer of 2009... only in the wrong direction.''
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