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Treasury yields have surged
That Chill You Feel in the Air Is the Junk-Bond Market: Gadfly
published Nov 21st 2016, 2:34 pm, by Lisa Abramowicz (Bloomberg Gadfly) —The wheels of the $1.3 trillion U.S. junk-bond market are slowly grinding to a halt. Just a few years ago, the market was as wide open as it had ever been, allowing borrowers to raise money for anything and