The pain trade in the debt-space is wholly real-rates. The latest bout is very unsurprisingly US-centered, with the widening well visible in the federal as much...

The pain trade in the debt-space is wholly real-rates.
The latest bout is very unsurprisingly US-centered, with the widening well visible in the federal as much as in HY-debt space.
It's a chicken game, where lofty equity vals mask soaring debt levels as federal debt soars. https://t.co/f6wTwqHTFK https://t.co/FYNLcj7E9W