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Bearishly Bullish
The Compound and Friends
What's the Story of Junk Bonds Ripping?
The story this week inside the markets are the lack of panic in junk bonds. You're not seeing any stress in senior loan or bank loans. But where you are seeing a ton of volatility is in interest rates. The market is now pricing in 100 basis points of rate cuts by September. I wouldn't say Wall Street's scared, but people are very anxious and hedged out.
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