The High Yield Bond Market Has Never Been This Decoupled From Reality
by Tyler Durden
ZeroHedge.com
Sep 3, 2016
…the revelation of a default event exposes the vast gap between ‘real’ asset values (upon liquidation or bankruptcy) and the artificially supported ‘prices’ seen in bond markets. In the 30 year life of the so-called junk bond market, the chasm between reality and central-planner-created markets has never been wider.
The Rest…HERE