Climateer Investing

In war, everything not censored is a lie.

Wednesday, May 8, 2013

YIKES: Junk Bonds vs. the S&P 500 Yield

A picture is worth...

 
ZeroHedge

See also:
Queen's Bank, Coutts, Warns on High Yield (HYG)
High Yield Investors Quietly Exiting Stage Left (JNK, HYG)
It's The Math Stupid: When Your Junk Bond Yield Is Lower Than Your Expected Rate of Default You Have Locked In a Loss (JNK; HYG):
 The first rule of gambling is "Don't play negative expectation games."
climateer at 12:45 PM
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