The High Yield Bond Market Is Blowing Out Again

(Before It's News)

This was not supposed to happen. Since The Fed raised rates the temporary (one day) stability in high-yield bonds has been obliterated. Across all sectors, HY bonds are being sold; the HY bond ETF is tumbling back to recent lows; and Energy spreads have surged to record highs. In a nutshell, it's not over yet!

Everything is being sold…

As HYG breaks key support…

And Energy spreads spike to recod highs…

As Energy Fwd P/Es begin to fall back to reality…

Charts: Bloomberg

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