Junk bonds are the riskiest kind of bond, or borrowing by companies with the lowest credit rating. And they suffered big losses last year, like stock markets. In America, for example, junk bonds lost about 15% in aggregate,. But they've since recovered about half of those losses. Elsewhere, there was a long-awaited housing slump, but that's now showing signs of peatering out and global prices have fallen only 3%. Even in the most speculative assets, like Bitcoin, Bitcoin looks sort of okay now.