High Yield Bond ETFs Tumble To Friday's Lows, Break Below Lehman-Aftermath Lows

High yield bond ETFs are down for the 8th day in the last 9, retracing the modest bounce from Friday afternoon, plunging to new multi-year lows. In fact, at current levels HYG is trading below the lows it hit in the immediate aftermath of the Lehman collapse (Sept 2008).

Bounce or Break?


HYG (the High Yield Bond ETF) is trading below the lows hit right after Lehman imploded... (9/17/08 lows were $79.25)


Is it over yet? You decide...



As Credit Suisse noted,

There is a theme at present that credit is leading other markets, and is predicting "recession." We are worried...