Enormous Red Flag: 1st Time Ever Junk Bond Yields Now Below CPI Inflation Signal Overcrowded Trade?
For the first time ever, Junk-Bond Rally Pulls Yields Below Inflation https://www.wsj.com/articles/junk-bon… Within only 2-3 months after corporate bond and credit markets froze up completely in February and March 2020, Wall St bond salespeople restarted selling (and increasing) massive amounts …