John Authers, Columnist

Oil’s Collapse Puts the Spotlight on Junk Bonds

Such sharp discontinuities as we are seeing in crude always pose the risk of trouble in financial markets. Also, the yen is broken and “Bad Blood.”

November 13, 2018 at 11:15 PM UTC

By John Authers

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Oil prices are tumbling.
Photographer: David McNew/Getty Images North America

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Tuesday was a day of drama in the oil markets, with the price of crude tumbling the most in three years. But the question is, will the turmoil spill over into other sectors?