Debt Check: The Credit Market Yo-Yo

The video discusses the fluctuations in the bond market, particularly the high yield bond market's unexpected correlation with oil prices. It highlights the case of Glencore, a mining company, whose bonds experienced volatility despite no fundamental changes. The discussion extends to the challenges faced by investors in analyzing commodity-related bonds, especially when they lack expertise in the field. The video also touches on the impact of negative interest rates and changes in market structure, which have influenced investor behavior and market dynamics.

What role do market structures play in the volatility of commodity-related bonds?

In what ways have trading behaviors changed since the debt boom of 2010 to 2013?