Hedge fund wizard: writing market magic in stealth mode, because even financial superheroes need a secret identity.
Friday, March 9, 2018
Markets: I'm Short Junk Bonds
I'm short junk bonds. The yield spread between junk bonds and AAA bonds now is very, very narrow (never been this narrow) and when interest rates go higher and they have already started going higher, junk bonds are going to get killed.