A thread on “What is wrong with the Bond market”?

by DesmondMilesDant

The $1 trillion of high yield debt that’s piled up in the last 5 years is about to have a ‘day of reckoning,’ Bank of America says

• There’s around $1 trillion of private debt that’s headed for potential trouble, Bank of America warned.
• Most of that debt has been created by below-investment grade companies through high yield loans or bonds.
• Around $400 billion assets are considered to be in “pre-distress,” while $150 billion assets are “deeply distressed.”