High Yield Bonds

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The largest mass shooting in US history, and naturally equities are at lifetime highs again. Incredible. Anyway, one chart that remains interesting is that of high-yield corporate bonds, which remains mashed up at the top of a very long-term channel. I recognize that a dividend was issued, and that partly explains today’s weakness, but the downturn from a few weeks ago is more substantial than the dividend. I’ve provided a detailed view of recent activity.

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