Daily Archives: April 20, 2017

Junk-Bond Investors Can’t Make Up Their Mind About Oil Prices

It was a celebrity breakup, of sorts, in markets.

At the start of this year, credit investors undertook a conscious uncoupling from oil prices. As the cost of a barrel of West Texas Intermediate leaped in the wake of the production cut agreement announced by OPEC in November, a measure of junk-rated bonds lagged behind.

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