As a sub-category of Market Analysis, the Fixed Income category contains charts and commentary associated with all classes of fixed income such as Treasury Bonds, Corporate Bonds, Municipal Bonds, Junk Bonds, etc…
Breakdown in Junk Bonds A Red Flag for the Stock Market
High-yield, aka 'junk' bonds, which are highly correlated with the stock market & not with other bond classes, have made an impulsive breakdown below this large bearish rising wedge pattern in HYG (High Yield Corporate Bond ETF) which also makes the recent breakout a failed breakout, i.e.- bull trap. As the performance of junk bonds [...]