Another Data Point To Ignore - There Are The Most Distressed Bonds In 6 Years

Tyler Durden's picture

In the immortal words of Taylor Swift, "shake it off." That appears to be the meme of the new normal. Terrorist attacks - buy em; looming World War 3 - buy it; plunging earnings - perfect!; collapsing capex - bullish; soaring inventories - back up the truck; crashing homeownership - awesome sauce! interest rate are going to rise - brilliant!


And while the ongoing carnage in the credit market is being ignored for now ("well, that's just energy, right?" nope!)...

The fact of the matter is, as one manager pointed out that there are the most distressed bonds trading in six years - warning, "it's not just energy, it's everywhere."



Ignore that!


Charts: Bloomberg

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slaughterer's picture

No problem: Trump will personally buy all of these distressed bonds if elected. 

the grateful unemployed's picture

you mean in an official capacity, that much is understood

Francis Marx's picture

I knew there was a reason why I put shorts in on bond market the other month

pitz's picture

Yet the people on TeeVee still think that the FOMC is imminently going to hike policy rates.  Wow, the delusion sure must run strong these days....

buzzsaw99's picture

no problem. fidelity will buy them and put them into grandma's portfolio. take another bonus boyz!

katchum's picture

Ignored, continue to buy.

surf0766's picture

Data points is a civil right



Analog's picture

As soon as I saw charts I went straight to the comments.


Brilliant.  :-D  Thanks.


Raymond_K._Hessel's picture
Raymond_K._Hessel (not verified) Nov 27, 2015 2:47 PM

More printing and devaluation was always the plan.

Resistance is futile.

Ink and paper for real assets is the whole point