When Fear Trumps Greed: Negative-Yielding Bond Pile Grows

The video discusses the prevalence of negative yields in German and Japanese debt markets, highlighting the limited impact on corporate debt. It explores liquidity issues in high yield markets, referencing past events like the 3rd Ave fund's challenges. The impact of Brexit on debt issuance is analyzed, with a focus on the high yield market's response to commodity price changes. The video concludes with an analysis of the high yield market excluding the energy sector, noting deteriorating fundamentals and increasing leverage.

What impact do energy prices have on the distressed debt market?

What are the expected trends in earnings and leverage in the non-commodity high yield market?