FYI: It’s been a month to forget for U.S. risky assets. Sure, stocks get much of the attention, but it’s been just as bad for the best-performing part of the bond market: junk-rated corporate debt.
Yields on bonds rated below investment grade are the highest since November 2016, jumping to 6.61 percent on Wednesday from 6.18 percent on Oct. 1, according to Bloomberg Barclays index data. They’ve already lost more than 1 percent in October, on pace for the worst monthly performance in almost three years.
Regards,
Ted
https://www.bloomberg.com/view/articles/2018-10-12/junk-bond-etfs-live-up-to-the-hype-in-market-rout
