Royal Caribbean Taps the Junk-Bond Market

The video discusses the impact of low interest rates on debt management, focusing on Royal Caribbean's refinancing challenges. It highlights the Citrix loan deal and market volatility, emphasizing investor behavior and the influence of Fed policies. The discussion also covers high yield spreads and investment opportunities in the bond market.

Discuss the implications of the Fed's hawkish stance on refinancing for companies like Royal Caribbean.

What does the current high yield spread indicate about investor sentiment in the market?