Hot Junk Debt Market Is Prompting Complacency Fears in Credit
Junk debt is beating just about everything else in fixed-income markets after surging yields wiped out gains on most other bonds. Yet with high-yield credit spreads near two-decade lows, investor...
By Harry Suhartono, Dipika Lalwani, Abhinav Ramnarayan, Rachel Graf · Bloomberg Markets
Junk debt is beating just about everything else in fixed-income markets after surging yields wiped out gains on most other bonds. Yet with high-yield credit spreads near two-decade lows, investor unease is building.