Perhaps most remarkably, the concerns about liquidity turned out to be unfounded as HYG actually became a source of liquidity that hadn’t existed before.
hyg
Corporations Have a Debt Ceiling Too
Companies will have to refinance an eye-popping $1.2 trillion in high-risk debt between 2012 and 2017.
A Warning from the Depths of Hell
Remember ye the dark days of late 2007 when it first became apparent that the stock market’s new highs were lying to us and that only the bond market was telling the truth?
