Excerpts from a WSJ Live Update written by reporter Matt Wirz ~1 hour ago.
I don't know the utility of Barclays' signal - please conduct your own due diligence.
"High-yield credit markets are nearing capitulation under the onslaught of tariff turmoil,
according to a measurement conducted by Barclays.
The bank’s capitulation signal jumped 26 percentage points since the end of March to 83%,
its highest level since October 2023 when Treasury yields spiked on inflation fears."
"Based on the signal, junk bonds are on the verge of capitulating but have not yet buckled like stocks.
The portion of the market trading at distressed prices has climbed past 8% for the first time since 2023".
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