The high yield market is full of garbage zombie credits that are facing crushing margin pressure while debt service sky rockets ๐.
The Fed illegally bought them. No more help now...
$HYG $JNK $BKLN ๐ฉ
HIGH YIELD CREDIT DEFAULT SWAPS
HIGH YIELD DEFAULT OUTLOOK (h/t DB)
EUROPEAN LEVERAGED LOAN INDEX
I like my $BKLN puts โบ๏ธ
The #Fed's monster rate hikes have made floating-rate #buyout loans more of a recession worry than a good hedge - and banks have been left holding the bag. Sales have tumbled despite record discounts >> bloomberg.com/opinion/articlโฆ via @opinion
US investment-grade corporate bond spreads have breached a key threshold that analysts and investors say could start to disrupt the flow of credit.
$HYG $JNK $LQD $BKLN trib.al/8xbclxf
Investors slash exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation on โdireโ economic outlook, according to a Bank of America survey trib.al/KJqAxUg