Something Did Blow Up In Junk
Something Did Blow Up In Junk by Jeffrey P. Snider, http://www.alhambrapartners.com/ … The huge spike in the BofAML High Yield CCC’s last week is proving to be a real event, real trading and possibly a wholesale reset of the whole funding and liquidity environment. “Something” didn’t just blow up in junk, it may have been the whole prior …