Junk bond scare is rising: ‘No one cares. People are buying everything’
Even as interest rates remain low and investor appetite is strong, the ever-rising high-yield corporate debt levels are continuing to raise concerns on Wall Street.
The latest warning comes from Charles Schwab strategists, who are advising clients to reduce their exposure, or underweight, to a part of the market that will see a record number of maturities over the next five years.
“We think…
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