US Junk Bond Market Becomes Oxymoron

US Junk Bond Market Becomes Oxymoron

It's hard to know what a "milestone" is these days, mostly because we seem to hit one every session or two. "Stocks hit records" isn't even worth mentioning anymore. Seriously. I actively avoid saying that, when possible, because it comes across as lazy analysis. That is: Of course stocks hit records. That's what stocks do. It's the same thing across most risk assets, although there are pockets of the market ostensibly tethered to the reflation trade that haven't yet caught up to other manifes
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