Odd Lots
It's All About the Quiet Selloff in Corporate Credit Now
A credit correction could be problematic for the Fed.
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
For a moment last month, it looked like corporate credit had escaped the mayhem overtaking stocks and government bonds. While equities dipped and yields on sovereign debt soared as central banks around the world signaled higher interest rates to come, bonds sold by companies remained stubbornly resilient.
That's not the case anymore.