As stocks selloff today, so too does the junk bubble. I think the implication traces back to the Asian “dollar” and the unsteady state of wholesale finance in that part of the eurodolla…

Source: The Junk Bomb Is Ticking—–Prices Of $3.5 Trillion Of High Yield Debt And ClOs Issued Since 2012 Keep Weakening | David Stockman’s Contra Corner