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FYI: A measure of credit risk for U.S. high-yield bonds reached the highest levels since December 2016, as jittery investors cut risk amid a stock market plunge. The cost to protect a basket of junk bonds against default rose as much as 12.7 basis points to more than 373 basis points on Monday afternoon in New York, according to data provider CMA. Regards, Ted https://www.bloomberg.com//news/articles/2018-04-02/stock-market-pain-bleeds-into-junk-bonds-as-hedging-costs-surge
