Corporate Distress Spreads; Energy Junk Is a Haven
The Credit Edge by Bloomberg Intelligence
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The Double-Edge Sword Rates Are Going Up
The fear is for stagflation, a sustained stagflation situation where inflation is high and even a recession doesn't tame it. It's really not sector specific at this point. The companies are just going to be the ones that have had to or had to or have just taken on a lot of debt in order to finance themselves when rates were low.
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