High-yield bonds are about to collapse — and it could trigger a serious bear market
Drew Angerer/Getty
- There is a brewing crisis in the high-yield bond market.
- The problem is massive illiquidity.
- The selling will spill over into stocks and trigger a bear market.
The experts who investigate transport disasters, crimes, and terror incidents usually create a chronology of events. Reading them in hindsight can be haunting—you know what’s coming and you want to scream, “Don’t do that!” But of course, it’s too late.
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