BAML: Don't Be Lulled To Sleep By Central Bank Created High Yield Paradise

Has the U.S. Federal Reserve created high yield paradise that could soon turn south?

There is a charade being played in the markets that will become apparent eventually. “Maybe the market in January and February wasn’t so crazy after all,” a Bank of America Merrill Lynch report opines, as it looks at high yield credit with a sense of disbelief. While the report finds it difficult to envision “an imminent recession,” there are certain data that have yet to be . . .


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