The Bond Market is Expecting a Corporate Default Rate CONSIDERABLY HIGHER than the Great Depression

Junk bond guru Martin Fridson told Bloomberg on Wednesday:

“Either the [high-yield bond] market is right and expecting a default rate considerably higher than it was in the Great Depression, or we have such profound dislocations and selling pressures going on that it really is creating extraordinary fundamental value.”

In other words, corporate bond yields are in the stratosphere right now. Either investors are overreacting to corporate default risk (thus driving up the yields), or we are in for a very bumpy ride.

Facebooktwittergoogle_plusredditpinterestlinkedinmail
This entry was posted in Uncategorized. Bookmark the permalink.
  • At one time or another, I do not have the Atlantica online Gold ; at the first time, I am not willing to buy Atlantica Gold . But I do not wonder I buy the cheap Atlantica online Gold , my friend thinks that I am ill. But when I have it, it carries the magic from such a group, such a link in the world, Atlantica online money , it is the key bring you to this world. But buy Atlantica online Gold is the best desire that I make.

  • Do you like playing in the game which you need to use priston tale Gold, when you do not have priston tale Money, you must borrow it from friends, or you buy priston tale Gold. If you getcheap priston tale Gold, you can continue this game.