8/15/2014

Wall Street starts paying attention when the trajectories of high-yield bonds and stocks diverge, writes Conrad De Aenlle. In 2007, the high-yield bond market foreshadowed the global financial crisis. "It's too early to tell if history is repeating, but as stocks continued to set all-time highs through most of July, high-yield bond prices were eroding," De Aenlle writes.

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