What happens to companies financed in the booming high-yield or “junk-bond” market on the off chance that U.S. inflation pegged at 7.9% in February soars to 10% and stays there? That’s a question Oleg...
What happens to companies financed in the booming high-yield or “junk-bond” market on the off chance that U.S. inflation pegged at 7.9% in February soars to 10% and stays there? That’s a question Oleg...
The surprising message of the junk bond spread
The U.S. economy is in relatively good shape—perhaps even stronger than average. That’s the surprising message of an indicator with an enviable record of anticipating recessions: The interest-rate spr...