Several investment-grade names are trading like junk and there are couple of names which might surprise you.
The percentage of “zombie” firms in US keeps climbing as per BIS
The table below looks at what has happened to real broad money growth in the developed world from recent peaks. This is happening along with almost flat growth in world forex reserves. Fear DEFLATION not INFLATION
Rising US corporate high-yield spreads are pressuring EM dollar-denominated bonds (EM spread shown below).This is one more headwind for Emerging Market Dollar bonds
