Junk Bonds Suddenly Look Vulnerable. Now What?
Drop in junk bond market could signal change Source: Barron’s “Frothy” is a good word to describe last week’s high-yield market. The seven-month return for the sector reached 20%—remarkably high for bonds. Average yields, which move in the opposite direction of prices, fell to just 6%, down from 10% in February. Companies rated below investment grade…
