High-yield corporate bonds have been a remarkably resilient asset class throughout the post-crisis period. This included emerging from the rising default wave that spread across the asset class in 2015 and 2016. And, while high-yield bonds continue to hover near all-time highs, a renewed threat that first emerged for the category back in the spring is continuing to pick up steam. It remains to be seen how much longer high-yield bonds can resist the pressure.
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