Did Something Blow Up in Junk?...
Did Something Blow Up in Junk? https://t.co/Kmd1VRss4g
December 03, 2015
Did Something Blow Up in Junk?
There isn't much as far as confirmation, but it increasingly appears as if "something" just hit the triple hooks (CCC) in the junk bond bubble. At least as far as one view of it, Bank of America ML's CCC implied yield, there was a huge selloff that brought the yield to a new cycle high (low in price) above even the 2011 crisis peak.
http://www.zerohedge.com/news/2015-12-02/did-something-blow-junk