Why High-Yield Debt Selloff Isn't 2007 All Over Again. Or Is It?

  • Analysts don't see contagion spreading as in financial crisis
  • Largest banks' corporate-debt inventories fell 20% this year

Is There a Fire Sale Starting in High-Yield Funds?

Wall Street is having a 2007 flashback as a high-yield debt rout triggers nightmares of hard-to-trade assets plunging in value and funds halting redemptions.

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