Chart of the Day: Junk Bonds Are Back, Baby!


Brett Arends tweets:

Toilet-grade corporate bonds are booming. Oh, this will end well.

Yep. Demand for junk bonds is booming as investors desperately search for higher returns. This has sent yields plummeting to their lowest levels in two decades. And this makes even less sense than usual given how tepid the recovery has been. It’s not as if high-risk bonds are safer than normal at the moment.

We never learn. We never will.

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Mother Jones was founded to do journalism differently. We stand for justice and democracy. We reject false equivalence. We go after stories others don’t. We’re a nonprofit newsroom, because the kind of truth-telling investigations we do doesn’t happen under corporate ownership.

And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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