Riskiest Junk-Rated Companies Borrow at Lowest Cost Ever amid Torrid Yield Chasing. AMC Bonds Sell at a Premium | Wolf Street

The yields of the riskiest category of junk bonds those rated CCC or below, which range from substantial risk to default imminent with little prospect for recovery, according to my cheat sheet of corporate bond ratings have dropped to record lows, despite the enormous operational issues these companies face and despite the high probability that they will default and restructure their debts or liquidate, thereby offering investors a great opportunity to get crushed.

via wolfstreet.com