Financial Times/Joe Rennison/11-28-2019
“More than 200 of the bonds in the Ice index are trading with yields more than 10 percentage points above equivalent government bonds — a commonly used definition of distress. That share now stands at 11.6 per cent of the index, the highest proportion since 2016.”
USAGOLD note: And when the fabric begins to unravel in debt markets, things can come apart pretty quickly as we found out in 2007-2008 . . . . . . . .
