Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Still dreaming in la-la-land. High-grade corporate bonds are “gradually” – the key word in everything the Fed says – and reluctantly coming to grips with the new era: Yields are rising and bond prices are falling. The Fed has been laboring to accomplish that. With high-grade debt, the Fed’s plan is … Read more