Junk Debt Drops Below 5% Yield For First Time On Record Submitted by Tyler Durden on 05/08/2013 15:24 -0400 Barclays Bond CDO Collateralized Debt Obligations High Yield While most comprehend that when buying credit-risky instruments the most critical aspect of return is the spread (or additional compensation over the risk-free rate) which itself is in 'bubble' territory; it is nevertheless spell-binding that the so-called 'High Yield' corporate bond market is now trading with a yield below 5% for the first time on record - a level at which 10 Year Treasuries were trading in July 2007... Barclays high yield index 'yield' is now below 5% - the same as US Treasuries in July 2007! and the bubble in credit risk re-emerges with the Fed as provider of excess liquidity as opposed to CDO creation last time... Charts: Bloomberg Average: 4.833335 Your rating: None Average: 4.8 ( 6 votes) Tweet - advertisements - Login or register to post comments 8664 reads Printer-friendly version Send to friend Similar Articles You Might Enjoy: The First-Loss Insurance Providing EFSF Is A Truly Unique Vehicle Financial Lexicon 101: Summary Of Key Terms Portuguese 10 Year Bond Yield Hit Fresh Lifetime Highs The LBO Refi Wave Approaches: $800 Billion In Junk Debt Maturing By 2014, Adds To Multi Trillion Fixed Income Refi Cliff Whither Prop Trading? Thoughts From Whitney And Bernstein
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