Company bonds have taken a beating in November, including to an already troublesome yr for a market that thrived in an period of ultra-easy cash.

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The Red Tea Detox

Costs have tumbled, sending yields, which transfer in the wrong way, to multiyear highs. Yields on greenback bonds issued by Asian firms reached their highest ranges in almost seven years this week, averaging about 5.67%. U.S. company bond yields hit an eight-and-a-half-year peak of 4.38%. And even in Europe, the place benchmark rates of interest for the eurozone are nonetheless damaging,…

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