Junk Bonds Aren't Ignoring the Fall in Oil Prices
High-yield debt sold by energy companies is tracking the fall in crude.
Will Oil's Decline Wash Out the High-Yield Market?
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The financial blogosphere is on high alert over the apparent disconnect between tumbling oil prices and high-yield bonds barely off their recent peak.
On the surface, cause for concern is self-evident: if the gap between bonds sold by companies with more fragile balance sheets and oil closes with high-yield debt taking it on the chin, that could bode ill for other risk assets like stocks that tend to fall in tandem.