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

by

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.”

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