‘Priced to Perfection’ Starts to Unravel as Debt Markets Get Jitters
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Investors have begun to yank money from high-yield funds. High-yield headed for biggest loss since September 2022. Credit investors got a dose of economic and geopolitical reality this week as hawkish comments from central bank officials about borrowing costs and tensions in the Middle East sent jitters through debt markets. The pullback was triggered in part by comments from Federal Reserve Bank of New York President, who said there’s no rush to cut interest rates and it’s possible that economic data could even warrant an increase if inflation persists.



https://www.bloomberg.com/news/articles/2024-04-20/debt-markets-get-the-jitters-as-middle-east-tensions-send-oil-higher