Down a dollar here and .50 there is starting to add up and the Worst and yet to come. These companies have to report in Q3 Q4 and Q1 all while burning through cash at crazy rates. Almost all of $HYG is cash dependent on raises. None are turning a profit.
Once the delinquencies and bankruptcies start. Look out below. HYG is being propped up by naive. investors who think higher yields are a good thing for Junk Bonds.
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