Does the Junk-Bond Market's Resilience Suggest a Soft Landing for the US Economy?
In the United States, junk bonds outperformed expectations and other bond-market segments during the first seven months of 2023, but does that mean they are good investments, especially if the economy undergoes a severe recession? Analysts suggest that the high-yield junk-bond market is worth serious consideration but also savvy caution.
Source: internationalbanker.com