This is really off the charts in terms of anything we have ever seen.
– Martin Fridson, CEO, Fridson Investment Advisor, a non-investment grade debt specialist
Junk bonds on average now yield more than 20% for the first time ever (BeSpoke Chart).
These kinds of yields suggest widespread concern about the very survival of many of these companies.
It’s also a sign of extreme fear among investors as very few want to hold anything with the slightest bit of risk.