The end of an era in the US Auto industry — until $7 gas arrives.
4.73% now. 5% in a few weeks. Then 6%.
When is it gonna pop?
Wow, that was fast and huge. This junk-bond market is in peak-bubble mode.
That would be a first, but it might be happening. Everything in slow motion, even market declines?
The Fed’s new paradigm.
Millennials can go to the Fed and complain.
The two-year yield, now surging, is a leading indicator.
Bonds, junk bonds, spreads, commercial real estate, leveraged loans, over-leveraged companies… all get named as risks to the banks. This is why “gradual” tightening will continue for a long time.