‘The Risk Has Risen’: When Will Oil Prices Matter For Junk?

“In our view, the bar remains high for oil prices to become the main directional driver of HY spreads but the risk has risen.”

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Oil’s Woes Continue As Prices Abruptly Sink (Again)

In what is becoming a daily occurrence, crude took another dive earlier this morning as volume surged. This has been going on all week and has been variously attributed to technical selling around key levels and all sorts of other shit like that, but the bottom line is: there is a crisis of confidence in…