: This segment of the corporate bond market is flashing a warning that investors shouldn’t ignore
U.S. stocks just cemented their worst start to a year in more than half a century. But as the slowdown in the U.S. economy becomes increasingly difficult to ignore, the market for high-yield corporate bonds — often referred to as “junk bonds,” a Wall Street sobriquet for the debt of companies with less-than-stellar credit ratings — is flashing a warning.