WTI Crude Craters To $55 Handle, High-Yield Credit Crashing-er

Having almost touched $59 overnight, WTI crude has collapsed back to a $55 handle, smashing the Ruble lower and high-yield credit spreads higher. US financial stocks are starting to weaken back towards the credit market's warnings as counterparty risk concerns spread...

Crude roundtrip to new cycle lows...

 

and credit markets are getting broadly infected...

 

as the Energy sector collapses...

 

Charts: Bloomberg