Yuan Devaluation Sparks Biggest Crash In US Corporate Bonds Since Lehman
by Tyler Durden
ZeroHedge.com
08/16/2015
Just two days ago we warned of the dramatic disconnect between equity insurance and credit insurance markets – at levels last seen before Bear Stearns collapse. As the Yuan devaluation shuddered EURCNH carry traders and battered European assets, US equity markets stumbled onwards and upwards, impregnable in their fortitude with The Fed at their back no matter what. However, US corporate bond markets were a bloodbath…
The Rest…HERE
