Junk debt is beating just about everything else in fixed-income markets after surging yields wiped out gains on most other bonds. Yet with high-yield credit spreads near two-decade lows, investor unease is building.
Finance Bloomberg May 21, 2026
Junk Debt’s Red-Hot Rally Sparks Complacency Fears as Risk Rises
Junk debt is beating just about everything else in fixed-income markets after surging yields wiped out gains on most other bonds. Yet with high-yield credit spreads near two-decade lows, investor unease is building.
