It was just one month ago that I wrote my latest update from the high yield battlefront. Conditions were already dire with oil prices still hovering just above $38 per barrel. Of course, the last month has seen overall market conditions go from bad to worse. Not only has oil fallen by another -25% to below $30 per barrel, but the high yield bond market itself has shed another -6%. This raises an worthwhile question: following this latest decline, are we now nearing a bottom in the high yield bond market, or is the worst still yet to come?
Please click on the link to read more of my article on Seeking Alpha.