High yield bonds CAN be a barometer for other rates.
But its also possible for spreads to widen or rate trends to diverge.
Ie, corporate yields can go up, as sovereigns fall.
Where is the greatest credit risk?
Apple is probably more solid than USGov, but anything is possible from here, imo.
Yet another reason why PMs will soar.
High yield bonds CAN be a barometer for other rates.
But its also possible for spreads to widen or rate trends to diverge.
Ie, corporate yields can go up, as sovereigns fall.
Where is the greatest credit risk?
Apple is probably more solid than USGov, but anything is possible from here, imo.