High-yield bonds are on a tear. 2020 is shaping up to be a monster year for junk bond sales. But all this investor optimism about low-grade debt is actually a dangerous sign. Our Global Market Strategist explains.
High-yield bonds are on a tear. 2020 is shaping up to be a monster year for junk bond sales. But all this investor optimism about low-grade debt is actually a dangerous sign. Our Global Market Strategist explains.