Chart of the week: is this the start of the bond crunch?

The commodities crunch is sparking problems in another market – junk bonds, as this chart shows.

753-junk-bonds-634

The commodities crunch is sparking problems in another market junk bonds. US raw materials groups, ranging from Peabody Energy to small miners and steel companies, issued high-yield debt this year. Now those bonds have racked up big losses, says Wolf Richter on wolfstreet.com.

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