Investors are getting the least extra yield to own U.S. junk bonds versus investment-grade notes since 2007. Here's the gap between spreads on U.S. HY & IG debt through Aug. 13, when it touched the new post-crisis low:
@pdacosta I am a huge fan of you and your work. Also, for the record, I am not a Trump fan... just bothers me how you are such a hater of literally everything he does. Hope you see this as a constructive criticism, after all, you are a great writer.